Gambling giant IGT buying Double Down for $500M, moving into Facebook games

doubledown

Updated with confirmation and details. International Game Technology, which makes real-world casino games and gambling systems, has agreed to pay as much as $500 million to buy Seattle-based Double Down Interactive, a developer of casino-style Facebook games that don’t involve any actual gambling. It’s a major deal that underscores the increasingly blurry line between those… Read More…

Newsmakers 2011: Mariachi and margaritas mark wild year for Double Down’s Walcott, Enell

DoubleDown's Walcott and Greg Enell

Executives at Double Down Interactive hired a mariachi band to entertain staffers at a company meeting in September — a special treat for hitting one million daily active users on Facebook. And then — amid the tortilla chips and margaritas — the fun really started. CEO and co-founder Greg Enell — along with execs Glenn Walcott… Read More…