Originally posted on VentureBeat:
Slot machine maker International Game Technology said Thursday it will buy Double Down Interactive for $500 million in cash. Double Down, based in Seattle, makes Facebook games such as the DoubleDown Casino.
Publicly-traded IGT is branching out into new types of casino gaming. DoubleDown Casino had more than 1.4 million active daily players at the end of 2011 and was No. 4 in terms of the most popular games on Facebook in 2011. DoubleDown Casino, launched in April 2010, has 4.7 million people playing games each month, up from 3.3 million in October.