Interactive Gambling on a Steep Rise
Apr 26, 2012
A leading casino technology supplier, International Game Technology, has announced a 13% revenue increase in the second quarter.
The revenues generated for the quarter exceeded half a billion dollars. However, profits actually declined slightly.
International Game Technology has, as casino gambling news indicate, recently acquired Double Down Interactive, a provider of social gambling technology. The Facebook fan ranks already amount to 5.6 million people for DoubleDown Casino. Once online gambling gets legalized in America, the real cash is in gambling-for-money.
Moreover, mobile casino software makers also stand to benefit as iPhones, BlackBerries, and Android smartphones are well equipped for poker or roulette plays.
What really goes well with smartphone gambling are mobile slots. Quite easy to spin with a touch screen.
In fact, mobile gambling and social media betting is the new frontier, making the games available anywhere, on-the-go, and with other online participants chatting to each other. Players can also create their own online characters and be whoever they want to be. Except than high rollers will always be esteemed whether online or offline.
No wonder that with all this social media craze, International Game Technology spent over a quarter of a billion dollars on DoubleDown acquisition. The company also delivers machines to land-based casinos on a lease basis. Currently, the company has over 56,000 of these installed worldwide.