IGT completes sale of Double Down Interactive

In April, the South Korean DoubleU affiliate agreed a deal to acquire Double Down Interactive for a cash purchase price of $825m.

IGT has said that it expects to use the proceeds from the transaction primarily to reduce debt.

“Today, we are also entering a long-term game development and distribution agreement with DoubleU Games for social casino content,” said Marco Sala, Chief Executive of IGT, in a statement included in Thursday’s release.

“This is an important development in supporting our strategy of leveraging our substantial content catalogue across multiple distribution platforms.”

He added: “Through this partnership with DoubleU, we will continue participating in the social casino market, as we will be collecting ongoing royalties on our casino game content.”

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Josh Fisher

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Josh Fisher is an experienced journalist and editorial leader who contributed to Gambling Insider as a guest writer, providing industry-focused news coverage and insight for the publication. His work for Gambling Insider included reporting on marketing strategy and brand development within the online casino sector, such as Mansion’s high-profile TV and marketing campaign for Casino.com.

Joshua has since built a distinguished career in B2B media and currently serves as Editor in Chief at Endeavor Business Media, where he oversees editorial direction, content strategy and publication quality across a diverse portfolio.

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