DoubleDown slips to loss after Benson settlement and impairment costs

In August, DoubleDown and former parent company International Game Technology (IGT) reached an agreement in principle to pay $415.0m to settle a class action complaint in Washington state.

The Benson v DoubleDown Interactive LLC et al lawsuit was filed in 2018, with plaintiffs who had lost money through the Washington-based group’s games claiming its range of social casino products that use virtual chips constitute illegal gambling enterprises under state law.

Read the full story on iGB North America

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