Everest Poker Revenues Way Up for Parent Company

Everest Poker's parent company GigaMedia's second-quarter results revealed revenues were up 31% on same period last year to US$52.5m, with operating income growing 18% to US$11.9m.

Shares of GigaMedia Ltd. rose Tuesday after the Taiwan-based online gaming and online gaming software company reported second-quarter profit above analyst expectations.

GigaMedia (nasdaq: GIGM - news - people ) shares climbed $1.11, or 9.5 percent, to $12.80 in afternoon trading. The stock has ranged from $10.16 to $25.42 over the past year.

Everest Poker is a downloadable poker room using GigaMedia software licensed in Kahnawake. It is one of 2 online gaming sites owned by Everest Gaming Ltd. The site's primary language is English.

Everest is also the 6^th largest online poker room in the world. They do not accept US customers however.

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Christopher Costigan, Gambling911.com Publisher