• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 28 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

IGT to pay US$270 million to settle US social gaming lawsuit

Newsdesk by Newsdesk
Tue 30 Aug 2022 at 18:34
IGT reveals amendments to revolving credit facility and term loan agreements
98
SHARES
2.4k
VIEWS
Print Friendly, PDF & Email

Global gaming giant IGT says it will pay almost US$270 million to settle a class action lawsuit brought against it by customers of its former social gaming subsidiary DoubleDown Interactive Co Ltd (DDI).

The company said this week that it has reached an agreement in principle in the case of Benson v DoubleDown Interactive LLC, which was first launched in 2017 just a few months after IGT disposed of DDI in a hefty US$825 million deal.

The former customers had argued that social casino games offered by the company constituted illegal gambling in the state of Washington because they allowed players to purchase tokens for play.

A similar case involving Aristocrat Leisure Ltd and its social gaming subsidiary Big Fish Games was settled in Washington for US$155 million in March 2021, with Aristocrat contributing US$31 million.

Under IGT’s settlement agreement, which still requires approval by the US Federal District Court for the Western District of Washington, IGT will pay US$269.75 million and DDI another US$145.25 million for a combined total of US$415 million.

IGT, which previously recognized a US$150 million non-operating expense in relation to the case in 2Q22, said it would accrue the remaining $119.75 million expense in Q3.

RelatedPosts

Inaugural WSOP Online breaks online poker records after annual Las Vegas series postponed in 2020

2025 World Series of Poker festival gets underway in Las Vegas today

Tue 27 May 2025 at 07:14
Fitch: Light & Wonder to meet reduced EBITDA leverage target by 2024

Analysts upbeat on Light & Wonder’s new US$2 billion EBITDA target for 2028

Thu 22 May 2025 at 06:31
G2E Asia 2025: IGT’s Dallas Orchard and Charles Seo

G2E Asia 2025: IGT’s Dallas Orchard and Charles Seo

Wed 21 May 2025 at 12:16
Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Wed 21 May 2025 at 05:31
Load More
Tags: class actionIGTLawsuitNorth America
Share39Share7
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Galaxy, Melco and Wynn to attend major media event “Thai Entertainment Complex Roundtable” alongside Thai voices opposing entertainment complex industry

Galaxy, Melco and Wynn to attend major media event “Thai Entertainment Complex Roundtable” alongside Thai voices opposing entertainment complex industry

by Ben Blaschke
Wed 28 May 2025 at 06:58

Leading international integrated resort operators Galaxy Entertainment Group, Melco Resorts & Entertainment and Wynn Resorts will join prominent opposing voices of Thailand’s efforts to legalize casino gaming for an event unlike any other – the Thailand Entertainment Complex Roundtable (TECR)...

Kangwon Land GGR up 3.8% year-on-year on higher VIP play

Kangwon Land to support local SMEs in entering global slot machines and gaming technology market

by Newsdesk
Wed 28 May 2025 at 06:09

Kangwon Land, the only casino in South Korea at which locals are permitted to gamble, has launched an SME support program through which it will work with domestic suppliers to develop casino technology, including slot machines. The program, titled the...

Mindslot-e leads first Philippines slot machine deployment for AGS with debut of “Lion Cash”

Mindslot-e leads first Philippines slot machine deployment for AGS with debut of “Lion Cash”

by Newsdesk
Wed 28 May 2025 at 06:08

US supplier AGS will deploy its slot machines into the Philippines for the first time with its “Lion Cash” title set to roll out across several of the country’s top casinos. The company’s Asian distributor, Mindslot-e, said “Lion Cash” will...

Scientific Games among two new lottery suppliers granted UAE vendor licenses

Scientific Games among two new lottery suppliers granted UAE vendor licenses

by Newsdesk
Wed 28 May 2025 at 06:06

Global lottery giant Scientific Games is one of two companies named as the UAE’s latest gaming-related vendor licensees by the General Commercial Gaming Regulatory Authority (GCGRA). The regulator updated its list of approved licensees this week, with Scientific Games International...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English