GGRAsia – GTech games available on IGT’s DoubleDown Casino

GTech games available on IGT’s DoubleDown Casino

Dec 28, 2015 Newsdesk Latest News, Trends & Tech

Gaming equipment supplier and lottery specialist International Game Technology Plc (IGT) is now offering content from what it describes as the legacy GTech game portfolio on its social gaming software application, DoubleDown Casino.

The first GTech game to be introduced on the app was “Treasures of the Pyramids”, available on mobile and desktop platforms, the firm said in a press release last week.

“Launching our first legacy GTech title on DoubleDown Casino establishes a significant milestone for the new IGT, showcasing our combined strengths from the two legacy organisations,” said Joe Sigrist, DoubleDown Interactive senior vice president and general manager, in a statement.

He added: “Treasures of the Pyramids is a well known, top performing title in land-based casinos. Leveraging its popularity provides our social players with more engaging content as we continue IGT’s momentum as the leader in cross-platform content creation and distribution.”

IGT was formed in April via the US$6.4-billion merger of Italy-based lottery technology and services specialist GTech SpA and Nevada-based slot machine maker International Game Technology.

The new firm announced a year-on-year growth of 30 percent in consolidated group revenue for the third quarter of 2015, to US$1.22 billion.

However, a note earlier this month from Fitch Ratings Inc stated IGT needed “some time” for “deleveraging” – or flattening out of the weight of debt in the firm’s balance sheet.

IGT’s social online casino brand DoubleDown Casino – purchased in early 2012 by the legacy International Game Technology entity for US$500 million – is considered by a number of investment analysts covering the gaming industry as a strategic asset for IGT. Several say it could help the company develop and market casino slots that appeal to new customers.

DoubleDown Casino is available on the iOS and Android mobile platforms, and on desktop computers with an Internet connection.