IGT to spend $500m on social gaming company

The Insider

IGT continues to re-position itself ahead of the possible legalisation of online gaming in the US with the acquisition of Double Down Interactive, a leading online social gaming company, for around $500m.

Launched in April 2010, the DoubleDown Casino is the world’s largest virtual casino and one of the top four social media games in 2011 as rated by Facebook. According to AppData.com, DoubleDown Casino currently has 4.7 million monthly active users, up from 3.3 million in October 2011. With a broad and expanding portfolio, Double Down offers blackjack, slots, slot tournaments, video poker and roulette to social gamers all around the world.

via IGT to spend $500m on social gaming company | News | Casino | InterGame.