Major Mahjong Site Taken Over By GIGA
Published: Friday, December 23, 2005 Online-Casinos.com
MAJOR MAHJONG SITE TAKEN OVER BY GIGA
Taiwan group makes another move in online gambling
Taiwan-based broadband and entertainment provider GigaMedia has acquired online Mahjong gaming site FunTown for US$45 million.
GigaMedia chief executive Arthur Wang said: "With FunTown we enter the fastest growing segment of online gambling. The acquisition is both highly strategic and highly accretive."
Mahjong has been called the 'poker of Asia' and FunTown's mahjong site is the largest in the world by revenue.
Giga Media bought the Canadian online gambling turnkey provider Grand Virtual earlier this year.
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