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.
Tom Horn is known for developing an extensive range of online slots and other casino-style games, which includes both feature-packed progressive jackpots. Now they are set to expand its presence even further with Napoleon Sports & Casino. The Belgian online casino has now partnered with Tom Horn Gaming, becoming the latest operator to acquire the iGaming specialist’s titles.
In 2022, BGaming picked up steam where it left off in 2021, as the online casino slot machine software provider grows its presence in Belarus through a partnership with Parimatch. According to the deal, Parimatch players will have access to various of its partner’s online slots such as Fruit Million, WBC Ring of Riches, Dig Dig Digger, Bonanza Billion, Zorro Wild Hearth, Road 2 Riches, Lucky Dama Muerta and more.
Bragg Gaming group company, Oryx Gaming, launched its content in the United Kingdom one week after obtaining its provider license for that country when they agreed with 888casino. According to the dal, many games from Oryx's RGS offering have been added to 888casino in the United Kingdom, including games and titles developed by Gamomat. In addition, Bragg's first game, Egyptian Magic, from their own game development studio Atomic Slot Lab, will also be available to punters across the country.