60% of Everest Poker has been bought out by Mangas Gaming. The remaining 40% will stay with Gigamedia, current owner of Everest Poker. Gigamedia, publically traded on the NASDAQ as GIGM, is a provider of online entertainment software and services, and provides games that are not gambling related in addition to poker, MahJong, and other gambling games.
Mangas gaming is based in France, and operates a variety of online gaming sites including Expekt, BetClic, and Bet-at-Home. The joining of the two companies will really help Everest Poker with its recent bid to penetrate the French poker market. Everest Poker has recently brought French poker pros Fabrice Soulier and Antoine Saout to the table.

Mangas Gaming will be moving all of their poker players to Everest Poker in an effort to increase tournament size for both sites, as well as an effort to improve Everest’s market penetration in France and in Europe as a whole.
Mangas Gaming CEO, Isabelle Parize, stated: “We are very proud that Everest is joining our group. It is a great company; it is a brand with an outstanding awareness in the world of poker, well known for its know-how, its platform reliability, and its strict policies. Mangas Gaming is reinforcing its position as a major European player in both the online poker and sports betting.”
Arthur Wang, CEO of GigaMedia, was equally positive on the buyout “We were looking for a reference partner with complementary activities to ours. Our strategy is to participate in the growth of this innovative and dynamic industry in Europe. We are glad to do it alongside the French leading sports betting and online gaming group.”

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