casino software

The $500 million Facebook Casino Buyout

This year, the International Gaming Technology or IGT is reported to purchase the Facebook's social casino game maker for a whopping $500 million. The Double Down Interactive LLC is one of the primary companies that provide social casino games for Facebook for many years now. On other hand, The IGT Company, one of the leading developers of slot machines is said to pay $250 million in advance, while the remaining payouts will be intended for retention benefits and performance-based payments.

The social casino buyout will be the biggest takeover for this year, as well as for the upcoming years in this dynamic industry. The slot-machine maker IGT will be competing with another popular game maker for Facebook, which is known as Zynga. According to recent analysis, the current buyout will be beneficial for Zynga in terms of driving further potential players in the online casino gaming. Today, Double Down Interactive LLCs players are about 5 million worldwide. Meanwhile, Zynga has been claiming 30 million online poker players as of today. Indeed, there will be a lot of opportunities for both companies in the field of social casino gaming.