On Tuesday, GigaMedia Limited, which is the exclusive provider of software to online poker room Everest Poker, reported a 24% growth in consolidated net income to $12 million during the third quarter of 2008. The figure was up from $9.7 million during the same period in 2007.

Internet gaming software leader CryptoLogic Limited announced its financial results for the three months ending September 30, 2008. The company posted a net loss of $5.9 million, including a foreign exchange of $4.2 million, leading to a new strategic poker partnership with GTECH Corporation.

In a press release posted on Marketwire this morning, it was revealed that the online poker clients of the CryptoLogic Network will merge with Boss Media in the beginning of the 2009 calendar year. Sites on the CryptoLogic Network include Sun Poker, Playboy Poker, Interpoker, Classic Poker, Betsafe Poker, and William Hill.

Recently, the Entraction Network released its financial figures for the third quarter of 2008. The numbers in Q3 2008 in comparison to the third quarter of 2007 were dramatically different, much to the delight of the company’s investors and stakeholders.

On Tuesday afternoon, World Poker Tour Enterprises announced their third quarter 2008 earnings, which were significantly down overall versus the same time period of 2007. Yet both of the executives who were on the investor call on Tuesday were confident that WPT Enterprises could turn around with the repositioning of the company in the coming year.

This week, Playwize, the parent company of online poker room Pokerwize, has announced that the company has “ceased all trading operations and made all of its employees redundant,” according to a press released issued to the London Stock Exchange.

According to a report published this week by the Reuters news agency, which cited a report in the Financial Times as its source, PartyGaming, the parent company of popular online poker room Party Poker, may enter into a partnership with Cryptologic to “increase liquidity while reducing expenses substantially.”

In a Securities and Exchange Commission filing yesterday, World Poker Tour Enterprises disclosed that they have received an extension on their attempts to raise their stock prices to NASDAQ and SEC standards.

This week, World Poker Tour Enterprises, which is traded on the NASDAQ Stock Exchange in the United States under the symbol “WPTE,” announced the hiring of Thomas Flahie to be the company’s new Chief Financial Officer (CFO).

In a move announced by Lakes Entertainment on Tuesday, the company “declared a stock dividend of all of the Company’s shares in WPT Enterprises, Inc.,” according to its statement. The actual distribution of stock will take place on November 21st.