🔥 Seattle-based Double Down Interactive Sold for $ Million | Seattle Business Magazine

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By the time the company sold, its app was attracting about 1. Their next step could be even bigger. All rights reserved. But the ability to move into real-money wagering is a tantalizing one, particularly since the U. With much better production values and an ability to play with other users, they thought it would stand out among a sea of gambling-style games on the social network. By posting a comment, you agree to our terms and conditions. Xconomy on Demand We offer a number of ways to subscribe for free! Xconomy Insight. Double Down is happy to help make that kind of future a reality. Curt Woodward January 18th, Greg Enell. So the fledgling company, Double Down Interactive , turned on its marketing campaign with some ads on Facebook. Underwriters and Partners. Xconomy is a registered service mark of Xconomy, Inc. In a conference call discussing the Double Down purchase, IGT chief executive Patti Hart said there was money to be made either way—the quick rise of Facebook gaming leader Zynga into a money-generating machine is evidence of that. The whole idea behind the company was that legalized online gambling was coming to the U. And if we can aggregate a large enough audience, this will generate a ton of cash. The average Facebook game today, Enell says, makes about two or three cents per daily active user.