GigaMedia Enters Sports Betting Ring

23 December 2008

GigaMedia Ltd. has formed a partnership with Victor Chandler International Group in order to expand and strengthen its Everest Gaming platform, the company said on Tuesday.

Everest Bets, the company’s new sports betting product, offers bets on a variety of sports horse racing, rugby and soccer. Supported by both Victor Chandler and Everest, the new Web site is available in six different languages.

“Victor Chandler is a sports betting legend with an enormous, thriving business and an unsurpassed reputation for honor and integrity,” said Bob Cahill, head of GigaMedia's gaming software business, in a prepared statement. “We hit the ground running with a world-class offering addressing a multi-billion dollar market.”