BUSINESS

Mansion reaches agreement with Man City; GigaMedia records losses

TAGs: GigaMedia, Man City, Mansion

aguero man city

How Sergio Aguero reacted when he heard the news

United aren’t the only side in England’s third biggest city to see how much the Asian gaming industry is influencing the Premier League. Manchester City has announced a tie-up with Asian gambling industry stalwart, Mansion, that will see the former Tottenham Hotspur sponsor become the club’s international betting partner. Upon the deal being signed, Mansion CEO Guy Gussarsky commented, “Our love of the English Premier League means that we are very excited to be partnering with Manchester City as their International Betting Partner for the next two seasons. With football a global game, we are looking forward to working together with the Club and helping both City and EPL fans worldwide to better enjoy their experience, using a number of new and exciting initiatives, and in keeping with the market-leading values that are at the heart of both of our organisations.”

 

The agreement runs for two season concluding at the close of the 2012/13 season. It will see the two collaborate on a number of commercial activities that includes expansion of Man City’s brand into the Far East. It’s also likely to help out the Far East gaming industry even further. As if they needed any more help!

GigaMedia, the former majority owner of Everest Poker, saw revenues for the second quarter of 2011 drop by 19% compared with last year. The results were bad news as they exclude those from discontinued operations such and continuing to have a stake in a firm focused on the French market is hurting their prospects. Everest itself already reported a drop in poker revenues of more than 18% for the same period and that is pretty much in line with what has been reported by GigaMedia.

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