GigaMedia's Everest Poker and BetClic Poker Receive French Licenses

GigaMedia's Everest Poker and BetClic Poker Receive French Licenses

 

HONG KONG, June 8 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM) today announced that its Everest Poker and BetClic Poker operations, jointly owned with Mangas Gaming, received online poker licenses as part of the first grant of licenses in France.

Everest Poker and BetClic Poker accounted for two of the seven licenses granted in the initial approvals.

Everest Poker and BetClic Poker expect to begin French operations in late June 2010.

Mangas Gaming is jointly owned by the Lov Group of famed media executive Stephane Courbit -- and SBM -- the Societe des Bains de Mer de Monaco, controlled by the Principality of Monaco. SBM is the owner of the world renowned Monte Carlo Casino in Monaco. Mangas Gaming is a leader in European gambling with operations including BetClic, Expekt, and Bet-at-Home, together offering sports betting, poker and casino services to over four million registered users in over 25 countries.

About GigaMedia

GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games operator and one of the world's largest online MahJong game sites in terms of revenues, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://www.gigamedia.com .

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2009.

    For further information contact:

     Brad Miller, Investor Relations Director

     Tel:   +886-2-2656-8016

     Email: brad.miller@gigamedia.com.tw

SOURCE GigaMedia Limited

Everyone cashes at the WSOP with Everest Poker

Everyone cashes at the WSOP with Everest Poker

$1 Million is up for grabs.

Everest Poker, official sponsor of the World Series of Poker 2010, once again makes the biggest poker show on Earth even sweeter for its qualifiers with the “$1 Million Match” promotion. When you qualify for the WSOP with Everest Poker, you don’t need to make it into the money to fly home as a winner! Everest Poker will match the combined winnings of all its qualified players at the WSOP up to a one million dollars. This money will then be shared equally among all Everest qualifiers, no matter how they finished. Quite simply, all Everest Poker qualifiers are automatically eligible for their share of $1 Million.

Last year, Antoine Saout, a 25-year old French player from Brittany, France, qualified online with Everest Poker for the WSOP Main Event. He played the tournament of his life, making the November Nine and finishing 3rd, cashing approximately $3.5 Million.

It was not just great for Antoine, but also for the 51 other players who also qualified online at Everest. The full $1 Million Match was met and everyone shared a piece of it — $19,607 per player! As a result, all Everest Poker qualifiers played the WSOP Main Event for free while also taking home additional cash. The $1 Million Match extended more than financial benefits. Throughout the tournament, Everest Poker players supported each other as a true team at the world’s biggest live poker event . Smart players have more than one reason to qualify with Everest Poker for the 2010 WSOP. This year Everest Poker will extend the $1 Million Match to also include all Everest qualifiers of WSOP Side Event #54 and their winnings. In addition, all players will receive Everest Poker’s exclusive WSOP prize package, including round-trip airfare to Las Vegas and the full Everest VIP treatment —exclusive parties, unlimited access to Everest Poker’s luxury players’ lounge, and assistance from our team of experienced PR professionals to maximize the player’s visibility among the international poker media.

Qualification for the 2010 World Series of Poker® has begun at Everest Poker. Direct Entries for both the Main Event and Side Event #54 run twice a week through June 16. Players may satellite in for as little as $2 when they climb the Everest Poker Steps Sit & Gos or play in daily Step Jumper tournaments.

For further informations please contact: Marco Trucco, Everest Poker Press Office +39 3319183737

mtrucco@everestgaming.com