History of Giga Media

Giga Media is a reputed online gaming software provider and has both Funtown and T2CN, two large Asian gaming enterprises under its umbrella. Based in Hong Kong, this company provides online entertainment platforms for several gaming enterprises, including Everest Poker. Giga Media runs two gaming sectors, one of which focuses on casino games and poker, and the other which targets online gaming in Asia. Its poker offerings which include Everest Poker, one of the largest poker sites online and Betclic Poker, accounts for about 70 percent of its profits.

The Early Years of Giga Media

Giga Media was first established as a corporation in the year 1998 in Taiwan but moved base a year later to get reincorporated in Singapore. This move resulted in Giga Media’s shares being limited under the Republic of Singapore’s laws. During this period, Giga Media had not yet made any notable strides in the online gaming market although the company continued to grow steadily until 2004 when it made an initial public offering of shares. After this, Giga Media began trading shares on Nasdaq.

Giga Media Begins to Expand

After its first IPO, the company grew in strength and went on to improve its management structure by recruiting experienced industry professionals that same year, in 2004. The company then went to acquire many other organizations and expand its presence on the online gaming market.

The first company to be acquired by Giga Media was Grand Virtual, another gaming software provider, whose business and management sectors were taken over by Giga Media when it tied up with Cambridge Entertainment Software. This deal took place early in the year 2004 and saw many changes in Giga Media’s game offerings.

Giga Media which had earlier been involved in developing music records in addition to gaming software, took a step back from this industry and went on to focus solely on the gaming market. This decision proved to be good one and marked a turning point in the company’s growth. At this point, Giga Media sold its ownership shares in two record companies in Taiwan, namely Tachung Records and Rose Records.

Giga Media Gets FunTown and T2CN

In the year 2006, Giga Media went on to acquire two popular Asian gaming sites. Funtown, which is known for its Mahjong games and T2CN Holding, a sports game site. Other interesting acquisitions made by Giga Media that year would include Wretch, a community blog that attracts vast visitor traffic on a daily basis.

In the last quarter of the year, Giga Media joined with Infocomm Asia Holdings to produce and distribute online games in regions of Southeast Asia. Later on, the Carmen Media Group entered the picture and tied up with the company to license various Giga Media software gaming platforms.

Giga Media makes Deal with Mangas

Giga Media enjoyed a strong growth period until 2009, when the recession hit the United States. At this point, company stock fell until it made a deal with Mangas Gaming, a European online gaming operator that helped Giga Media gain a good footing into the European markets.

Giga Media Now

Giga Media currently operates out of Hong Kong and has a large market in China and Europe.

The company’s offerings include a range of gaming platforms that are used by poker sites, online casinos, online sports gaming sites and online game sites that run ordinary games like Mahjong and Tetris. Giga Media also supports Massively Multiplayer Online Role-Playing Games or MMORPGs.