Gambling News

Microgaming-powered Prima Networks to Launch Neomobile

With the Italian market having 50 million mobile users, 11 million of which are mobile surfers, it stands to reason that with online gambling regulation now in place, mobile gambling will be the next step.

Microgaming powered games provider Prima Networks, recently announced that a new Italian mobile gaming operator, the NeoMobile Group, was about to launch the very first Italian mobile gaming operation through its Neomobile Gaming Division.

The Neomobile Group is a world-leader in mobile media entertaining and pioneers in mobile commerce and marketing and has great plans for the future.
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International Gaming Technology (IGT) to acquire Double Down Interactive

The Las Vegas based Slot-machine maker International Game Technology (IGT) has confirmed that it intends acquiring Double Down Interactive LLC, the leading social media developer for up to $500 million.

Double Down Interactive has been operating since 2004 and due to its popular Double Down Casino, it has a powerful presence on Facebook, the social networking site.

In terms of the acquisition International Game Technology will pay $250 million upfront in cash for Double Down and a further amount of $85 million in retention payments over the following two years. A further amount of $165 million performance-based payments will be paid for the following three years. International Game Technology intends funding the acquisition by using cash on hand.
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