Gigamedia LTD. Owner Of Everest Poker Hits NASDAQ High

GigaMedia Limited, a holding company which develops and licenses software for online gaming through several subsidiaries had their stock share price shoot up to the $23 dollar range. It was a great sign because they suffered a stock low last August to $8.66. They hit a seven year all time high on the NASDAQ where they are listed as GIGM.

Determined to make a strong recovery they literally transformed themselves into a strong European presence because of their good investment history; so with the regulatory ceasing from the European Commission it turned into reality. The company owns Everest Poker as well as Imperial Casino, Casino Treasure, Casino Lux, Casino Fantasy, Casino Glamour and Casino Elegance.

Their investment history was made strong because of the company's presence in Asian's gaming market. In Asia, it is reported that the online gambling market is considered the last untapped market for online gambling companies yet the "golden ticket" of them all. In fact they have licenses secured in China, Taiwan, Hong Kong and Macau to offer and operate multi-player online games.