International Game Technology PLC – IGT – announced that it has signed a definitive purchase agreement under which it will sell its social casino subsidiary, Double Down Interactive LLC, to an affiliate of DoubleU Games Co., Ltd.. DoubleU Games Co., Ltd is a leading global social casino operator headquartered in Seoul, South Korea.
Due to the fact that IGT sells Double Down Interactive LLC To DoubleU Games, a new multi-year strategic partnership between IGT and DoubleU Games will be established to provide innovative player experiences in the social casino market worldwide.
Marco Sala, CEO of IGT:
Ga-Ram Kim, CEO of DoubleU Games:
Following the closing of the sale, the two brands will enter into a game development, distribution and services agreement. The newly signed deal will enable DoubleU Games to offer IGT’s casino game library on DoubleU Games’ social casino platforms for ongoing royalties to IGT.