Seeking Alpha

Seeking Alpha Portfolio App for iPad

202 people get GIGM articles and Market Currents by email alert.

Get email alerts on GIGM »

GIGM

GigaMedia Limited

5/18/2013, 10:47 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Tuesday, November 27, 2012, 3:21 PM Senator Harry Reid gives a little buzzkill to the idea a brewing bill to legalize online poker will ever pass muster with the Senate to create a booming coast-to-coast industry. The Internet Poker Bill (history, text) lacks the support of Republicans, according to the Nevada lawmaker. 6 Comments [Consumer]
Monday, November 19, 2012, 12:59 PM A plan by Senator Harry Reid to limit online gambling to poker, horse racing, and lottery tickets is given a fighting chance to make it through Congress after Mitt Romney failed to win the Presidency. Before any federal framework is in place, Nevada will allow intrastate online poker play in a "proof-of-concept" demo on how states can regulate the activity. Gaming execs remain divided on the issue with proponents expecting brick-and-mortar casinos to realize big benefits from the speed of play and wider audiences online poker offers, while naysers see less liquidity in a game where it's rather easy for all the big fish (pros) to devour the small fish. 12 Comments [Consumer]
Friday, October 26, 2012, 2:34 PM Nevada Governor Brain Sandoval sends a letter to Congressional leaders in support of efforts to legalize Internet poker under a federal framework. His state is the one of only a handful that have regulations in place to address online poker, but Sandoval maintains the industry has a "borderless element" state laws alone can't address. Potential players: ZNGA, CZR, BYD, PTEK, GIGM, EGT, MGM, WYNN, AERL, SHFL. (Previous: The ebb and flow on the push to legalize online poker) 6 Comments [Consumer]
Monday, October 22, 2012, 1:45 PM As Governor Mitt Romney rises in the polls, industry insiders say the odds for legislation making online gambling legal in some form trail off. Though Romney hasn't been specific, his comment that he wants to make the Internet "family-friendly" is viewed as an indication he opposes opening up online play for cash. In the meantime, most gaming firms have been aggressively hedging their bets with forays into social gaming and non-cash playing options as they plan for the eventuality of Internet gambling. The outlier: Las Vegas Sands (LVS -0.9%) sticks to its guns that the industry is far better off with the status quo. 8 Comments [Consumer]
Wednesday, October 3, 2012, 3:05 PM Legalizing online poker is the number one topic of discussion in Las Vegas at the Global Gaming Expo. Industry bigwigs are nervously waiting out the election before a major push for legislation gets cranking. Despite stiff opposition, the hope is that the threat collapsing federal and state budgets will make extra revenue irresistible. The stat that tells it all: 33M players worldwide will wager almost $35B this year on the Internet gaming outside the U.S. Comment! [Consumer]
Wednesday, August 22, 2012, 12:43 PM Online poker scored a major victory with a ruling from a New York court that found the game relies more on skill than chance. Though the ruling has an important local connection by tossing out a gambling conviction, it's also being hailed on a national level by the poker industry as potentially precedent-setting . At the table: ZNGA, CZR, MGM, BYD, PTEK, GIGM, EGT, WYNN, AERL, SHFL 1 Comment [Consumer]
Thursday, August 9, 2012, 1:55 PM South Point Hotel and Casino in Las Vegas lands the first approval in Nevada history from the state gaming board for the rights to operate an online poker site from within the state. If all goes well for the company, a poker site could be up and running by October. If all goes really well for the industry, the move will spark a regulatory framework. Waiting to jump into online poker: CZR, WYNN, MGM, BYD. Smaller online gaming plays: GIGM, EGT, AERL, GLXZ, PTEK. Comment! [Consumer]
Tuesday, December 7, 2010, 10:36 AM Online gaming stocks move higher on a report that Nevada gaming regulators are prepared to revisit the issue of online gaming as Senate Majority Leader Harry Reid redoubles efforts to legalize online poker. CRYP +33.6%, PTEK +4.4%, GIGM +3.9%, WMS +1.9%, BYD +1.9%, IGT +1%. 2 Comments
Monday, December 21, 2009, 9:00 AM Premarket gainers: CHTT +33%. TEX +9%. BUCY +8%. INCY +6%. CTIC +5%. BCRX +4%. ABK +4%. AA +4%. CAG +4%.
Losers: OGXI -21%. IRE -9%. GIGM -7%. AIB -6%. LYG -5%. Comment!
Monday, December 21, 2009, 8:13 AM GigaMedia (GIGM): Q2 EPS of $0.01 vs. $0.09 consensus. Revenue of $37.7M (-22.9%) vs. $42.7M. Q3 EPS of $0.03 vs. consensus of $0.12. Revenue of $37.2M (-19%) vs. $45.8M. Shares -6.3% premarket. (PR) Comment!
Wednesday, December 16, 2009, 9:00 AM Premarket gainers: GIGM +12%. SOL +9%. FGXI +9%. DPTR +7%. ING +5%. KERX +5%. DB +5%. CS +4%.
Losers: AIB -4%. RTK -4%. Comment!
Tuesday, October 27, 2009, 12:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!
Tuesday, October 6, 2009, 12:05 AM Notable earnings before Tuesday's open: GIGM, PBG Comment!
Thursday, March 5, 2009, 1:37 PM GigaMedia (GIGM) and Cryptologic (CRYP) spike after Reuters says drafting of legislation to lift the U.S. ban on internet gambling will be finished this month. Comment!