Most recent month Double Down Interactive, a popular online social gaming firm as well as developer of the famous DoubleDown Casino found on Facebook, approved a specified arrangement to be acquired by slot machine maker International Game Technology enterprise for $500 million.
Created in April 2010, the DoubleDown Casino is the worldwide's major virtual betting house as well as among the list of the top four social media games in 2011 as rated by Facebook. According to AppData.com, DoubleDown Casino at present carries 4.7 million month-to-month active individual users, way up from 3.3 million in October 2011. Double Down includes online black jack, slot games, online slot competitions, video poker in addition to roulette to social internet gamers throughout the world.
The total price consists of $250 million in cash, $85 million in retention repayments during the subsequent two years in addition to up to $165 million in cash payable over the next 3 years subject to Double Down gathering given business results directs. IGT expects to fund the transaction from cash on hand.
Moreover Double Down provides IGT timely measurement and scale in the fast growing world of casino-style social gaming, as well as is anticipated to broaden IGT's famous gaming brands further the offline gambling houses to Facebook, the market's largest social network with above 800 million global internet consumers.
"Double Down and IGT share complementary traditions concentrated on novelty and imagination," said Greg Enell, CEO of Double Down. "Each of firms are committed to delivering supreme quality, service and entertainment to millions of online players. Leveraging IGT's research and development, universal reach, as well as best-in-class content will present our loyal gamer base with a much more robust feeling and is predicted to augment Double Down's progress trajectory."
"As technological innovations extremely effect end-user behavior, social dynamics are speedily changing entertainment and gaming experiences all over," claimed Patti Hart, Chief Executive of IGT. "The addition of Double Down roll-outs IGT into a leadership position in social gaming, extends our global reach by means of unique mediums, and leverages our matchless expertise in game design."
Created in April 2010, the DoubleDown Casino is the worldwide's major virtual betting house as well as among the list of the top four social media games in 2011 as rated by Facebook. According to AppData.com, DoubleDown Casino at present carries 4.7 million month-to-month active individual users, way up from 3.3 million in October 2011. Double Down includes online black jack, slot games, online slot competitions, video poker in addition to roulette to social internet gamers throughout the world.
The total price consists of $250 million in cash, $85 million in retention repayments during the subsequent two years in addition to up to $165 million in cash payable over the next 3 years subject to Double Down gathering given business results directs. IGT expects to fund the transaction from cash on hand.
Moreover Double Down provides IGT timely measurement and scale in the fast growing world of casino-style social gaming, as well as is anticipated to broaden IGT's famous gaming brands further the offline gambling houses to Facebook, the market's largest social network with above 800 million global internet consumers.
"Double Down and IGT share complementary traditions concentrated on novelty and imagination," said Greg Enell, CEO of Double Down. "Each of firms are committed to delivering supreme quality, service and entertainment to millions of online players. Leveraging IGT's research and development, universal reach, as well as best-in-class content will present our loyal gamer base with a much more robust feeling and is predicted to augment Double Down's progress trajectory."
"As technological innovations extremely effect end-user behavior, social dynamics are speedily changing entertainment and gaming experiences all over," claimed Patti Hart, Chief Executive of IGT. "The addition of Double Down roll-outs IGT into a leadership position in social gaming, extends our global reach by means of unique mediums, and leverages our matchless expertise in game design."
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Facebook games get to be very popular and can include blackjack online - the best casino game played globally.. This article, Double Down Casino Extends Beside Internet To Face Real Of Land-Based Casinos is available for free reprint.
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