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DoubleDown Casino is one of the world’s most popular social gaming platforms. The website features 30 games and six million active users. International Gaming Technology (IGT) acquired DoubleDown for $500 million in March 2017. The social casino is still free to join, but Verizon and AT&R recently signed deals with Playphone and doubleU Games to use its platform for their social gaming portal. The company is now working to integrate DoubleDown into the Playphone platform.
The social casino genre is a US$5 billion industry. It’s become the next evolution of chance-based leisure. However, there is still a need to regulate the genre to keep it from becoming a monopoly. Instead of overstating the positive aspects of these apps, lawmakers must consider the potential impact on the lives of millions of people. In the long run, these apps can replace gambling addiction management and save money.
The sale of DoubleDown Games to DoubleU Games has been announced. Its new strategic partner in social casino games, DoubleU Games, is a South Korean company that had 70 employees at the time of its sale to International Game Technology. DoubleDown Interactive was at the forefront of social casino games on Facebook when it was acquired in 2012.
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