GGRAsia – IGT to pay US$270 million to settle Double Down player case

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IGT to pay $270 million to settle Double Down player case


Casino equipment and gaming content provider International Game Technology Plc (IGT) is to pay $269.75 million of the $415 million it costs to settle a dispute in the United States over an old unit commercial, Double Down Interactive LLC.

IGT closed the sale of 825 million US dollars from Double Down Interactive, operator of social gaming company Double Down Casino, to DoubleU Diamond LLC in June 2017.

Double Down Interactive’s share of the Washington state lawsuit settlement payment is $145.25 million.

IGT had mentioned in its 2021 Annual Report, filed in March of this year, that on April 9, 2018, Adrienne Benson filed a class action lawsuit against an IGT unit and Double Down Interactive, in the US District Court, claiming that she had purchased and allegedly lost virtual “chips” while playing games through Double Down Casino. In July of that year, another person called Mary Simonson was added to the complaint, along with any other unidentified affected individuals.

IGT’s annual report says the plaintiffs alleged violations of Washington state’s Lost Gambling Recovery Act and that state’s consumer protection law, as well as for enrichment. without cause, and sought unspecified damages, as well as attorneys’ fees and costs.

IGT said in its Monday U.S. filing that, subject to final court approval of the settlement, IGT and Double Down have “resolved all indemnification and other claims between themselves and their respective subsidiaries and affiliates.” regarding what they called “the Benson cases.”

Following the settlement agreement, IGT said it would accrue non-operating expenses of US$119.75 million in the third quarter related to the additional loss associated with the Benson cases and related claims between IGT and Double. Down and their respective subsidiaries and affiliates. . IGT said an expense of US$150 million was recorded in the second quarter in connection with the lawsuit.



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