The deal includes $250 million in cash, $85 million in retention payments over the next two years and up to $165 million in cash payable over the next three years subject to Double Down meeting certain targets.Īs it turns out, casino games on Facebook have quietly been ringing up a pretty healthy business.Įven though gambling isn’t legal online - yet - players are still finding slots, cards and other casino games addictive. UPDATE: The two companies have confirmed the transaction. A Double Down spokesperson declined to comment. It does not store any personal data.Seattle-based Double Down Interactive (DDI) has been acquired by video poker giant International Game Technology for $500 million.ĬNBC first reported the rumor during an afternoon broadcast, but an official announcement is expected after the markets close. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category 'Other. The cookies is used to store the user consent for the cookies in the category 'Necessary'.

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