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IGT to co-found $415 million fund to settle DoubleDown Casino class-action lawsuit

Multinational gaming machines, lottery, sportsbetting and iGaming innovator International Game Technology (IGT) has announced that it is to help establish a special fund to settle the class-action federal lawsuit earlier brought against its former DoubleDown Interactive LLC subordinate.

The London-listed behemoth used an official Monday press release to detail the signing of an agreement in principle regarding the Benson v DoubleDown Interactive LLC suit filed in 2018. The company also disclosed that this arrangement, which remains subject to final court approvals, will see it contribute $269.75 million to a bespoke account with fellow defendant DoubleDown Interactive Company Limited subsidizing a further $145.25 million.

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