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Legal
June 6, 2023
DoubleDown Backs Down on Lawsuit as Court Approves $415M Settlement
While DoubleDown Interactive (DDI) owner International Game Technology (IGT) did not admit any fault, the plaintiffs’ victory may encourage others to seek similar legal action. Such an outcome could significantly hamper IGT’s recent focus on the social gaming space. The settlement also marks a significant development in the legal landscape surrounding online gambling, highlighting the […]
Casino
January 11, 2023
DoubleDown to Acquire SuprNation in a €33m All-Cash Deal
Social gaming company DoubleDown Interactive announced it has entered into an agreement to acquire online casino gaming firm SuprNation AB in an all-cash deal. First Post-IPO Acquisition The acquisition of Swedish-based iGaming company SurpNation will cost DoubleDown Interactive €33 million ($35.4 million) on a cash-free and debt-free basis and will be subject to a final […]
Industry
November 10, 2022
DoubleDown Reported Lower Revenue and Higher Expenses in Q3
Social casino publisher DoubleDown Interactive reported its unaudited financial results for the third quarter of 2022, posting a loss of $24 million as revenue fell and operating expenses more than doubled due to the Benson class action settlement’s quarterly incremental charge. Revenue Impacted by Rising Inflation DoubleDown Interactive posted for the three months ended September […]
Business
July 22, 2021
DoubleDown Interactive Files for NASDAQ IPO
DoubleDown Interactive, a subsidiary of Double U, will likely accept offerings as it filed for an initial public offering (IPO) on the Nasdaq exchange. Per DoubleDown, there will be a total of 315,800 common shares, made up of 6.3 million American Depositary Shares (ADS) in total. Mathematically, that makes each common share to be made […]
