Seoul-listed DoubleU Games has refuted claims that it offers illegal gambling products via its DoubleDown Interactive social casino subsidiary.
The company is one of several social casino operators facing a lawsuit in Washington state following a decision by the Ninth Circuit of the US Court of Appeals in March, which found that certain [...]
Seoul-listed DoubleU Games has reported a 61 per cent increase in revenue to KRW61.38bn (€45.9m) for the second quarter of 2017, boosted by the first contribution from its newly acquired social casino business DoubleDown Interactive.
New York-listed International Game Technology (IGT) has agreed to sell its social casino subsidiary DoubleDown Interactive to South Korea's DoubleU Games for USD$825m.
The agreement also establishes a multi-year strategic partnership between IGT and DoubleU, allowing the South Korean studio to offer IGT's casino games portfolio across its free-to-play properties in return for [...]