GigaMedia Expands Social Online Casino Offering

Published Sunday, July 07, 2013 -
GigaMedia Expands Social Online Casino Offering

Headquartered in Taipei, Taiwan, GigaMedia Limited is a diversified provider of online games and cloud computing services. GigaMedia's online games business develops and operates a suite of games in Taiwan and Hong Kong, with a focus on Web-based/mobile games. The company's cloud computing business is focused on providing SMEs in Greater China with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness.

A recent press release has revealed that GigaMedia has launched of a suite of new casino games, a first step in new strategic growth plans targeting the lucrative, high-growth social casino games market.

The Chief Executive Officer for GigaMedia, Collin Hwang commented, "Social casino games is one of the fastest growing and most profitable segments of online games," Hwang continued, "With social casino games generating ARPUs nearly double those of social games, increased sector focus will play a key role in driving growth of our FunTown online game operations in 2013 and beyond." FunTown holds a leading position in the casual games market and with major experience in creating PC-based versions of casino games GigaMedia will be able to capitalize on regional growth opportunities in social casino gaming.

Hwang went on to explain the strategy,"We plan to leverage our expertise as a developer and operator of PC-based Asian casino games to create new offerings for mobile and tablet devices, building a strong multi-platform offering," adding, "We are also reviewing potential strategic partnerships and acquisitions that would enable us to accelerate our growth in social casino games."

Summing up Hang stated, "We are targeting the highest-spending social gamers in the world's largest mobile games market – Asia," adding, "We see great growth prospects for our online games business in social casino games and are moving forward quickly." Games, consisting of a mix of slots, poker and dice games, are scheduled for commercial operations and are being beta tested in over 200 Internet cafes in Taiwan.

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