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Slot machine maker IGT buys social game dev for $500M
Slot machine and virtual gambling game company IGT (International Game Technology) has purchased Double Down Interactive, the social game developer behind DoubleDown Casino, in a $500 million deal. Though IGT had no prior presence in the social space, the company seeks to broaden its existing offerings beyond physical casinos to Facebook, and it says this acquisition provides it with “instant size and scale in the fast-growing world of casino-style social gaming.” Launched in June 2011, …
