Gambling on Facebook soon to come up?

Since the leading online casino software manufacturer International Game Technology has paid up to $500 million for Double Down Interactive which develops online casino games for social networks, online gambling on Facebook becomes more than a dream.

This is a great opportunity to be availed, especially after Facebook talked about allowing real money wagering in licensed jurisdictions.

The CEO of Double Down, Greg Enell, confirmed the facts in an interview for the Geek Wired internet magazine.

Due to IGT's capacity of developing slot games, the acquisition of Double Down is more than justified. Furthermore, the idea of IGT building slot games for Double Down and incorporating titles like wheel of Fortune, DaVinci Diamonds and DaVinci Diamonds Dual Play sounds great.

The deal will be closed by the end of March 2012. Therefore, $250 millions in cash, $85 millions in retention payments and $165 millions for the next three years will be allocated is Double Down meets the financial requirements.

Opened in April 2010, Double Down has already 1.4 million users already.

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