TOP TEN ONLINE CASINO

Last month Double Down Interactive, a popular virtual social gaming vendor and developer of the popular DoubleDown Casino obtained on Facebook, signed a definitive agreement to be bought by slot brand manufacturer International Game Technology vendor for $500 million.

Created in April 2010, the DoubleDown Casino is the market’s major online casino and possibly one of the top-rated 4 social networking games in 2011 as rated by Facebook. Based on AppData.com, DoubleDown Casino recently seems to have 4.7 million monthly active participants, up from 3.3 million in October 2011. Double Down contains online black jack, slot games, slot competitions, video poker in addition to online roulette to social game enthusiasts throughout the world.

The total price includes $250 million in cash, $85 million in retention installment payments during the afterwards two years and also up to $165 million in cash payable over the subsequent three years subject to Double Down encountering particular business performance directs. IGT expects to fund the transaction from cash on hand.

Moreover Double Down grants IGT virtually instant volume and scale in the booming arena of casino-form social gaming, as well as is anticipated to enlarge IGT’s famous gaming brands beyond the offline gambling houses to Facebook, the globe’s main social network with over 800 million worldwide internet consumers.

“Double Down and IGT share complementary cultures centered on innovation and creativity,” reported Greg Enell, CEO of Double Down. “Each of companies are committed to delivering supreme value, service and enjoyment to millions of gamers. Leveraging IGT’s R&D, universal spread, in addition to best-in-class content will provide our loyal gamer base with a far more quality experience and is anticipated to boost Double Down’s advancement trajectory.”

“As technological advancements progressively influence people behavior, social dynamics are speedily remodeling entertainment and gaming experiences far and wide,” pronounced Patti Hart, Chief Executive of IGT. “The inclusion of Double Down features IGT into a leadership position in social gaming, extends our international attain by means of new mediums, as well as leverages our unrivaled experience in game structuring.”

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