The second quarter revenues of GigaMedia are down by nearly fifty per cent

The best bet now is on social casino project that is already delayed

The misfortunes of GigaMedia, the Taiwan-headquartered online gambling group, kept piling up this week when the Q2 numbers of year 2026 were released. They revealed a reduction in revenues to $3.65 million by 13 per cent during last quarter, and 49 per cent on a year-on-year basis.

Gross profit went down to $1.92 million, by 17 per cent during the quarter, and by fifty per cent when compared with the last year's same period.

Although the number of clients remain stable at nearly 23,000, their deposits were 6 per cent lower in average spent of a user during a month.

The misjudgments during restructuring have had a bad effect on the company, which held a significant stake at one time in Everest Gaming, since then sold. Management has acknowledged its mistakes and warned it may take some time for the company to recover.

The best opportunities for the company appear to be with the social casino sector, where it has been testing and developing online casino games based on browsers through hundreds of internet cafes based in Taiwan since Feb. However, the project is not necessarily going well. Originally it was planned to begin in Feb but since then has been delayed until the end of 2026.