Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Possible Merger Announced

There has been a good deal of speculation in the online casino gambling industry about the rumored merger talks surrounding GigaMedia. Giga is a pretty prominent name in the internet gambling industry and in recent weeks the company has announced that merger plans are in the works – but up until now there has been no indication of which companies have expressed an interest in merging with the Giga brand. The newest announcement out of the company though indicates that Giga and PartyGaming are in talks for a merger. PartyGaming is a giant in the online casino gambling industry and Giga, though a much smaller brand, has a strong reputation and a reliable brand name – for that reason there are few who were surprised by the announcement that the two companies were in talks.

As for GigaMedia, as the speculation in the online casino gambling industry swirls, some numbers are finally making into the papers as well. Apparently, Giga is worth a reported $363 million on the current market. This, naturally, is not the full price that a company would pay to acquire or merge with the Giga gambling group – it is instead a starting point for discussions. PartyGaming runs some of the most lucrative online casinos and internet poker rooms in the world – and the merger with Giga would additionally supply PartyGaming with yet another prominent gambling site, Everest Poker.

Everest Poker is the flagship product for GigaMedia – the site has slowly grown over the past couple of years and boasts a loyal following of internet gamblers. It seems as though the PartyGaming online casino gambling group is the frontrunner in the acquisition process although a spokesperson for Giga has indicated that the company is actually in discussions with other online gambling companies as well. At this point PartyGaming is just waiting for the full funding approval process takes place before the acquisition deal is finalized.