GigaMedia responds to Canadian regulatory position

26 March 2008

HONG KONG -- (PRESS RELEASE) -- GigaMedia Limited ("GigaMedia" or the "Company") (Nasdaq: GIGM) today reaffirmed its view that the regulatory and licensing situation in Canada and the territory of Kahnawake is reliable and stable and that the Company has no concern over related business interruptions.

On the basis of communications with Canadian counsel and government officials, the Company believes no change in the current licensing system is contemplated. Moreover, in accordance with best practices, GigaMedia maintains disaster recovery and alternate hosting arrangements.

A financial website yesterday suggested GigaMedia faces the possibility of a near-term revenue hit from a change in Canadian regulations, a statement for which the Company finds no basis.

GigaMedia's poker and casino software products continue to deliver strong growth in 2008, driven by Everest Poker, one of the world's most popular poker sites and the sponsor of the World Series of Poker.



Related Links
Canadian Online Gambling
GigaMedia

FEATURED iGAMING SUPPLIERS
global-gaming-expo-g2e
casino-web-scripts
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
casino-city-press
mondogaming-srl
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
igpixel
Igpixel
Launch your online betting site w/ the latest technologies on IGPIXEL's advanced iGaming platform
Your Guide to 3,577 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook