Asian online gaming and software supplier GigaMedia narrowed its loss in the first quarter even as both revenues and profits saw significant drops. The company loss was $2.3 million in Q1 2012, which represented a drop of 55 percent compared with last year. This was a bright spot as revenue decreased 19 percent to $8.4 million and the total gross profit decreased from $5.7 million to $4.4 million – down 23 percent on the year before.
Amaya Gaming Group has announced the release of a new online slot. Aladdin’s Legacy is the firm’s newest 3D slot and is a 20-line slot with a number of interactive features. It becomes the company’s seventh release of the year and Alain Brosseau, Director of Product Strategy, stated: “Our exclusive content contains unique features that cannot be found anywhere in the industry and are proven top-performers and revenue generators for our clients. With the addition of CryptoLogic content into the mix, this is just the beginning for our next generation of online slot games.”