Though there seems to be no big moves so far federally since the DoJ reversal of opinion on the wire act, some states like Nevada are moving fast to get an infrastructure in place to handle the wave on online gambling players.
So it only makes since that companies within the state of Nevada are getting in line as well to take advantage. Slot machine make International Game Technology (IGT), based in Nevada, is one of the companies. They have reached an agreement to purchase online gaming company Double Down Interactive.
IGT Chief Executive Officer Patti Hart said in a joint statement:
“The addition of Double Down launches IGT into a leadership position in social gaming, extends our global reach through new mediums and leverages our unmatched expertise in game development. We intend to drive meaningful value from this rapidly growing distribution platform that reaches a new but complementary demographic of gamers.”
Double Down Chief Executive Officer Greg Enell added about the possible $500 million deal:
“Double Down and IGT share complementary cultures focused on innovation and creativity. Both companies are committed to providing unrivaled quality, service and entertainment to millions of players. Leveraging IGT’s research and development, global reach, and best-in-class content will provide our loyal player base with an even more robust experience and is expected to augment Double Down’s growth trajectory.”
The deal breaks down as $250 million in cash, $85 million in retention payments and an additional payout of $165 million over three years.
Microgaming has entered into a partnership with DoubleUp Group under which the game provider will distribute its set of games to Doggo Casino. They will integrate the online casino with the leading developer's platform, which enables them access to the most popular games in the industry. DoubleUp Group was established in 2020 and operates from headquarters in the Netherlands. The company has grown fast and now they are working together with the team in Malta.
Microgaming announced a crucial partnership with innovative and young casino brand, On Air Entertainment. With a group of a talented employees, the latter will create innovative live casino content that will change industry standards in the future. The rollout of new content is planned to start with a different customizable online casino game at the beginning of 2022.
Authentic Gaming presents the biggest launch of the year, XL Roulette. The game was inspired by the popular Lucky Number, game show format launched by Evolution Gaming. However, with this game, Authentic introduces several innovative features that offer a vastly immersive gaming experience. XL Roulette is broadcasted live from a live studio in Malta.
With this title, players can pick 5 lucky numbers, 8 lucky numbers, or 11 lucky numbers.