Everest Poker Parent Gets New Leader
May 20, 2009 (CAP Newswire) – In the news lately because of rumors of a possible buyout from PartyGaming, GigaMedia, the gaming software provider that operates the popular Everest Poker site, has announced changes to its corporate leadership.
The company has appointed Michael Ding as chairman of its board, after former chairman Daniel Wu resigned on April 30.
In addition to operating Everest Poker, GigaMedia is also the company behind FunTown, the world’s largest MajJong website. The company’s market cap is estimated to stand at just over $330 million, according to TheStreet.com.