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GigaMedia December 21, 2009, Conference Call transcript is available now.

Quoting Arthur from the Q&A session:

we were made a 40% shareholder, and first of all I would say that the valuation of the 60% stake we are selling has yet to be determined and will only be determined in the early part of 2012. And so a lot can happen between now and then. A lot of good things we anticipate. So we are looking at a higher valuation certainly then current market opportunity market conditions would offer us. Even after that point though we will continue to be a 40% shareholder and we think of it as having 40% of a much much larger pie than 100% of a smaller pie. We are excited about this partnership, and expect very good things from it.

Quoting Arthur from the Q&A session on valuation:

Sure, it is much like a little bit like predicting the future. None of us can be certain as to what the condition will be in 2012. We do believe that combining with Mangas, our business, the Everest business will be a much stronger business in 2012 than it is today and we believe therefore that the valuation will reflect that. The determination of fair market value is of course an art, and not a science, but our contract has both us and Mangas, seeking the assistance of outside professionals, investment banks, to help us conduct such evaluations. So, it should reflect, the current condition of the business at that time as well as the market place in which it operates and market conditions.

GigaMedia Reports Q3 Financial Results : ... fully-diluted earnings per share of $0.01 and loss per share of $0.03 (Q2 2009 and Q3 2009 respectively).

GigaMedia Announces a Strategic Alliance with Mangas Gaming, December 16, 2009.

Recent blog(s) and stuff:

PokerPulse Roll & Shuffle former editor Leonard (call him Leo) Biblitz has burgeoned. Into the dating game and beyond at a new Web site called, simply, ASK Biblitz.com, a gamble for all concerned, regarding everything from strengthening cocktails to nuts of the first order. Bookmark old Leo. Even better, oil up to the bar, get Mabel to give you a stiif one, then blast the old sinner! Read the full Biblitz tale of woe at www.myBeautifulBC.com.

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PartyCasino is the online casino operated by PartyGaming Plc. PartyGaming Plc is listed on the London Stock Exchange and is part of the FTSE 250 in the Travel & Leisure sector.
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#1    PP PartyPoker             Play Poker at PartyPoker - Welcome Bonus Available
               PartyPoker: Ceština, Dansk, Deutsch, Español, Français, Italiano, Magyar, Norsk, Polski, Português, Română, Русский, Suomi, and Svenska
#2    Pp iPoker (by Playtech) -
Sun Poker™ -   visit 		       
        P      Everest Poker         More about Everest Poker and GigaMedia here.                   

        Pp 888.com Network -
       
 
        PP      Ladbrokes    Ladbrokes for Poker, casino, sports betting!!
   May 2008: Ladbrokes has a Welcome Bonus up to $500!!!    Download and try Ladbrokes now!!
        PP      Paradise Poker    Paradise Poker
        Pp      International Poker Network     

Gold Mining and Silver Mining
Gold Mining Company List
Silver Mining Company List

Picking an online room?
    Select a rooms with a rank of  PP,  Pp, or  P.
    Avoid rooms with a rank of X because of U.S. DOJ risks, independent of your home country. Click here for more details on how to select an online poker room and the U.S. DOJ risks for rooms accepting U.S. players.

August 17, 2009, warning update, PokerStars and Full Tilt Poker named:

Quote from UNITED STATES -v- ALL FUNDS ON DEPOSIT..., p. 23 of 33:
Account Services has previously provided payment services for companies providing online gambling services, including PokerStars and FullTilt Poker, the largest internet poker business in operation. As set forth in greater detail in the Conte Wells Fargo Affidavit, there is probably cause to believe that the Wells Fargo Account Services Account was providing payment services for these online gambling companies in 2008 and 2009...

The above, is one of the documents in the INTERNET GAMBLING PAYMENT PROCESSOR CHARGED WITH BANK FRAUD, MONEY LAUNDERING, AND ILLEGAL GAMBLING OFFENSES in which the US is going for
The Indictment also seeks the forfeiture of at least approximately $565,908,288, which represents the amount of proceeds obtained as a result of the illegal gambling and bank fraud conspiracies.

If you are outside of the USA, you still need to aware of this action as a possible future seizure of off-shore accounts, related to the US $565,908,288 claim could put your deposits at PokerStars and FullTilt at risk. Take this as a friendly warning. Act now and keep your funds safe from the hungry (and empty) US Treasury!!

 
Popular online sites, that accept US players and which you should AVOID because of possible future DOJ action resulting in your account being frozen for long periods of time (or just gone for ever), include:
 
   X Bodog Poker        
   X Full Tilt Poker        
   X PokerNetwork        
   X PokerStars        
   X Prima Network        
   X UltimateBet / Absolute        
   X World Online Network        

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PokerPulse Letters and blogs:

Some of our comments and outreach related online gaming industry issues. And starting in March 2009, monitor PokerPulse updates @pokerpulse on Twitter (http://twitter.com/pokerpulse).

Blog January 21, 2009 -- Could this mean the end of Prohibition 2.0?
Senator Obama: I read the other day that Senator John McCain likes to gamble. He likes to roll those dice, and that's OK. I enjoy - I'm making a confession here - I enjoy having a little friendly game of poker myself once in awhile.
Republican Illinois Senator Kirk Dillard remembers a few of those games!

Now you can tell the new president how you feel about Internet gambling at the new White House Office of Public Liaison.
Quote: The Office of Public Liaison & Intergovernmental Affairs (OPL-IGA) is the front door to the White House through which everyone can participate and inform the work of the President.

To: ministre@msp.gouv.qc.ca, August 2008 -- ...The federal justice minister has advised me to seek your counsel regarding the extent of your discretion to apply (or not) federal gambling prohibitions in Kahnawake. (See enclosed e-mail of Aug. 13/08). According to the minister, "The general scheme of the gambling provisions of the Criminal Code is to prohibit all forms of gambling, except those specifically permitted by the Code. While Parliament enacts the gambling provisions found in the Code, the prosecution of these offences is the responsibility of the provincial attorneys general." ...

From Ministerial Correspondence Unit (for Honourable Rob Nicholson), August 2008 -- ...The general scheme of the gambling provisions of the Criminal Code is to prohibit all forms of gambling, except those specifically permitted by the Code.

While Parliament enacts the gambling provisions found in the Code, the prosecution of these offences is the responsibility of the provincial attorneys general. If you have not already done so, you may wish to write to Mr. Jacques P. Dupuis, Minister of Justice and Attorney General of Quebec, who is responsible for the administration of justice in Quebec. His office is located at Louis-Philippe-Pigeon Building, 1200 route d’Église, Floor 9, Québec, Quebec G1V 4M1

To Canadian Minister Nicholson and MP Cullen, April 2008 -- PokerPulse trackers were delighted to read a recent account in the corporate media of 'discussions' you're having in Ottawa regarding the possibility of regulating an online gambling industry here in Canada - one that might be open even to taxpaying Canadians with no history of weapons, armed stand-offs or cross-border smuggling. We were wondering, will Quebec Mohawks and one or two or the eastern racetracks continue to set unwritten Canadian gambling rules, or might 'interested others' like us be included among the 'stakeholders' in those discussions?

To WSJ EU Ediition, April 2008 -- We've been tracking for some time now developments in the slow-burn trade dispute between Antigua and the U.S. over America's remote gambling ban, which many in the industry now refer to and not affectionately as Prohibition 2.0. Many of us are still catching our breath after the wildly disappointing result obtained in the arbitrator's report at Christmas when panelists slashed Antigua's claim of $3.4 billion - a figure arrived at by a legion of actuaries - to a paltry $21 million using a bizarre, utterly unprecedented legal approach we call the Four-Flusher Fantasy. (more...)

To Variety, March 2008 -- It's a good day when an international trade law story such as yours makes it to Variety... What I hope most fervently is for the sinfully lucrative American film industry to be sufficiently outraged by the harm the U.S. position has caused Antigua and indeed the world that industry leaders will grow some guts and start lobbying the U.S. Trade Representative aggressively to stop restricting trade in gambling. (more...)

Kahnawake Gaming Op Ed Piece -- In the wake of residential school settlements that have literally taken out organized religion in Canada, there may be understandably little sympathy for First Nations claiming a special and exclusive right to such a lucrative business. But if they do the homework to show their business is both eco-friendly and an important traditional feature of a unique culture, Mohawks may be able to persuade the feds to open up Internet gambling in Canada once and for all. (more...)

CBC Early Edition source claims online gambling is an industry operated solely by organized criminals! -- Read the PokerPulse letter to CBC management here. (more...)

Free David Carruthers -- our say on the dubious U.S. prosecutions of foreign nationals and seizures of foreign assets. (more...)

View more letters here.

 

This Week's Best Bet:
One Green Gamble PokerPulse WON't accept. Help us stop B.C. 'BILLIES from turning Kootenai Brown's Waterton-Glacier area - a pristine World Heritage Site since 1995 - into an open-pit coal mine! Unbelievably, Frostbacks in British Columbia, who have access to some of the world's last remaining undisturbed wilderness, can't wait to destroy it. Federal politicians have tried unsuccessfully for years to turn it into parkland but Premier Gordon Campbell now with help from Conservative Stephen Harper wants to keep the area open for business and at least one mining firm is poised to start digging.View an excerpt of the story and add your voice to the protest before the 'BILLIES get their crazy, wrong-headed way. Click here to join our Gamble Green Campaign to benefit the David Suzuki Foundation battling climate change.
 
View past weekly best bets here.
 
This Week's Top Story:
 
Another Reason Why PokerPulse Has Had UltimateBet / Absolute in the X Category For Years!!. Quote for a Washingtonpost.com story:

In reporting his two-part series about online poker, Inside Bet, Post writer Gilbert M. Gaul learned that the two big cheating scandals occurred at Web sites owned by the same person -- Joseph Tokwiro Norton, former grand chief of the Kahnawake Mohawk tribe located on a reservation near Montreal.

 
View past weekly headlines here.
 
 
 

PokerPulse Links: (back to top)

  

About PokerPulse - Who we are, what we track.

Advanced ESL - Tips for the advanced English as 2nd language (ESL) learner, including a description of methods Voltaire used to learn English while exiled from his native France.

NEW!! Tips for quick improvements in English verb tense usage at our Gambler's ESL Guide -- Errors and Expectations page.

Advice to Gamblers - You can't accumulate unless you speculate is the frequent refrain of P.G. Wodehouse sportsmen toting up their winnings over a few quick ones at the celebrated Drones Club, while Papa Hemingway instructs students in his surefire system to buck the roulette wheel to quit when you are decently ahead. Mark Twain during an uncharacteristically passive visit to the casinos in the south of France notes that while a permanent and intense interest is acquirable in baccarat or any other game, you don't get it by standing around and looking on. Ready to play? Still in doubt? Check your strategy against Bob le famous Flambeur's 10 rules of successful gambling. More on these and other notably Impossible Odds.

America's OUCH! Case - The High Cost of Protectionism.

BingoPots - A look at online bingo.

GoldMinerPulse Metrics for the valuations of Canadian gold and silver mining companies

Gold mining company market capitalizations per ounce of gold equivalent.

Silver mining company market capitalizations per ounce of silver equivalent.

Gold mining company market capitalization versus ore value per tonne chart

How to use the Roll & Shuffle as an ESL Study Guide! - Follow the gambling links worldwide to find annotated examples of the best in English language literature, including novels, short stories, poetry, magazines, movies, music and the absolute best voices on recorded books.

LegalAtPokerPulse - A law blog featuring the best links and guides to Internet gambling key challenges plus a You Asked Us forum where experts answer questions from gamblers and would-be online operators worldwide.

Links page - Snapshot of the overall internet gambling industry from the 2004 and 2005 time frames (PokerPulse is now closed to new link trades).

Listen between tournaments - A few of our favorite books on CD Audio available at Amazon.com.

mjonline.ca - Tracking the evolution of Mahjong, the four-player game of Chinese orign.

myBeautifulBC.com - a PokerPulse blog about Vancouver, British Columbia, Canada (the home of the 2010 winter olympics). The most recent blog: Who hates PE classes and the outdated, whistle-wielding militia still barking orders in B.C.'s public school gyms? (March 2008)

newsAtPokerPulse.com - Home page for the PokerPulse news on the evolution of the online gaming industry.

ngPulse - Tracking the North American Natural Gas market.

Online Poker Rooms - Historical snapshot of all the online poker rooms, including the skins of the poker networks. Our snapshot dates back to August 2005. Future updates are pending.

Pachinko - tracking the evolution of the popular Japanese game into an online game.

Quick Clicks -- tracking the evolution of the online gaming market by watching many of the publicly traded online gaming companies. More about Quick Clicks here.

The Roll & Shuffle - the discriminating player's guide to gambling. A web gallery featuring history's most resplendent roués and sundry other examples of the key role gambling continues to play in cultures throughout the world.

2.5mm FM outjack antenna - options to improve the local FM reception from your Sirius satellite radio (or any other set with an FM output).

 
About Rank (back to top)

The poker room and poker network rankings are based our observations of the real money hands and tournaments played in recent weeks. A #1 indicates the most active room/network. A room without a #1, #2 or #3 means PokerPulse does not estimate activity for that room/network.

The letters in the ranking have the following meaning:

PP in the rank column indicates the room/network is operated by and owned by a publicly traded company.

P in the rank column indicates the room/network is either operated by or owned by a publicly traded company.

Pp in the rank column indicates the room/network operator is a publicly traded company and some of the rooms on the network are owned by publicly traded companies.

x indicates that neither the room/network owner or operate is a publicly traded company.

_ indicates a to be determined status for public / private ownership.

Click here for more information on using rankings to chose an online poker room.

 
About Action Forecasts (back to top)

PokerPulse Action Forecasts are estimates of the real money poker activity levels you can expect to find in the next hour, in 2 hours and in 4 hours from the current time.

Our estimates cover each hour of the week. The forecasts are changed at the start of each hour. Refresh this page to view the latest forecasts.   

The Action forecast color codes for the action forecasts are setup as follows:
  GREEN: High or Peak real money poker activity. The busy hours for a room or network will show up in GREEN.
  YELLOW: Average real money poker activity.
  RED: Low or Quiet real money poker activity. The hours with the least amount of traffic will show as RED.
  No color code means a forecast is NOT available.
 

 

Please send questions and comments to db@pokerpulse.com.

 
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