Latest news with #DoubleDown
Arabian Post
7 days ago
- Business
- Arabian Post
DoubleDown Accelerates Europe Push with €55 Million WHOW Deal
DoubleDown Interactive has struck an agreement to acquire Hamburg-based WHOW Games GmbH for €55 million, plus up to €10 million in performance-linked earn‑outs, in a move to deepen its foothold in Europe's expanding social casino market. The transaction, financed from existing cash reserves, is slated to finalise in the third quarter of 2025. The licensing deal, part of a Share Purchase and Transfer Agreement with Azerion Tech Holding B. V., covers full ownership of WHOW Games, which reported unaudited 2024 revenues of €41.8 million. The additional earn‑out structure—€5 million annually during the first two post‑closing years—aims to align incentives and reward growth. DoubleDown CEO Keuk Kim described the acquisition as a major leap forward in competitiveness within the German social casino sector, highlighting synergies between WHOW's local expertise and DoubleDown's global marketing and content capabilities. WHOW Games CEO Giovanni Valerio Valeriota expressed optimism, signalling that joining DoubleDown would accelerate innovation thanks to 'their deep expertise in gaming'. ADVERTISEMENT Industry data from Eilers & Krejcik Gaming indicates that while the broader European market has matured, social casino segments recorded growth in 2023 and 2024, driven by platforms blending entertainment and gaming simulation. WHOW Games holds strong presence in Germany through proprietary apps like MyJackpot and Lounge777 and licensed titles tied to brick‑and‑mortar names such as Merkur24. DoubleDown's strategic bet builds on its flagship title, DoubleDown Casino, used by millions worldwide, and complements its SuprNation subsidiary, which operates three real‑money iGaming platforms in Western Europe. The deal enhances regional coverage and cross‑platform integration potential. Financially, WHOW's €41.8 million in 2024 top‑line revenue, acquired for €55 million, represents a multiple of roughly 1.3 times. Analysts note that metrics for social casino firms often prioritise earnings over revenue multiples. While details on WHOW's earnings before interest, taxes, depreciation and amortisation remain undisclosed, these multiples suggest a valuation consistent with growth‑oriented acquisitions and limited execution risk. Market watchers pinpoint DoubleDown's strong valuation positioning—its cash‑heavy balance sheet mitigates dilution concerns, allowing an all‑cash acquisition to proceed without external financing. According to one note, the company trades at a trailing P/E ratio around 3.7, underscoring investor confidence in its cash flows and acquisition‑driven expansion. Potential hurdles include regulatory scrutiny around social casino games in European jurisdictions, variable earn‑out achievement, and integration execution. In its Form 6‑K filing dated 8 July 2025, DoubleDown emphasised that specifics on financing, closing timetable, and valuation were not included, leaving regulatory approval and other conditions implicit. WHOW Games, founded in 2014, has cultivated a loyal European user base through a mix of original and licensed titles targeting casual gamers. Its Hamburg headquarters serves as a key hub for design and operation of its portfolio, which has carved out a niche in a fragmented, competitive environment. DoubleDown anticipates maximising synergies through operational efficiencies, expanded marketing, and shared development resources. The company's statement highlights that combining forces could enhance market penetration across Europe, notably in Germany—a top-tier social casino territory. As social casino continues to blur lines between digital entertainment and gambling, this transaction reflects broader industry trends: consolidation in search of scale, regulatory resilience, and content depth. Firms with content ecosystems and cash reserves, like DoubleDown, may either win market share or face pressure to deliver on earn‑out targets tied to performance. In Keuk Kim's view, the deal is more than geographic expansion; it is a platform play. By adding WHOW's regional strengths to DoubleDown's global operations, the company positions itself as a more integrated player in Europe's casual gaming space. Giovanni Valeriota emphasised the cultural fit and strategic alignment, noting that WHOW's path under Azerion's stewardship laid solid groundwork, and the new alliance 'will accelerate our growth and innovation'.
Yahoo
7 days ago
- Business
- Yahoo
DoubleDown to acquire German social casino operator WHOW Games
DoubleDown (DDI) entered into a Share Purchase and Transfer Agreement with Azerion Tech to acquire WHOW Games, a social casino developer headquartered in Hamburg, Germany. The initial consideration for 100% ownership interest in WHOW Games is EUR55M, or $64.7M. An additional earn-out payment of up to EUR10M, payable to Azerion at EUR 5M annually, is contingent upon WHOW Games meeting certain performance targets during each of the first and second year following the closing date. The acquisition will be financed through DoubleDown's cash reserves and is expected to close during Q3. WHOW Games 2024 revenue was EUR41.8M. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on DDI: Disclaimer & DisclosureReport an Issue DoubleDown initiated with a Buy at Texas Capital DoubleDown initiated with a Buy at Roth Capital DoubleDown Interactive Donates $10,000 to ASPCA During Kitten Season DoubleDown Interactive Announces Secondary Offering Pricing DoubleDown announces pricing of 4.3M ADSs at $8.50 in secondary offering Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Entertainment
- Yahoo
DoubleDown Interactive to Donate $10,000 to the ASPCA®
SEOUL, South Korea, June 16, 2025 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ('DoubleDown' or the 'Company'), a leading developer and publisher of digital games on mobile and web-based platforms, announced today a $10,000 donation to the ASPCA® (The American Society for the Prevention of Cruelty to Animals®) in support of its mission to provide effective means for the prevention of cruelty to dogs, cats, equines, and farm animals throughout the United States. DoubleDown Casino, played daily by millions of fans worldwide on both desktop and mobile devices, will invite players to engage with and show support for the charitable donation by taking part in a play-to-enter giveaway on June 18, 2025. This exciting Giving Meow event offers players the chance to show their support for the ASPCA and learn more about the organization's work to help vulnerable animals in the United States, particularly during 'kitten season,' a time of year when there are many litters of cats in need of care. 'DoubleDown Interactive has long been committed to supporting the ASPCA and we are proud to do so again this year,' said In Keuk Kim, CEO of DoubleDown. 'We are all animal lovers here, as are our players, and kitten season is a perfect time of year to focus on the ASPCA's great work.' "We are grateful to DoubleDown Interactive for their generous support and continued commitment to animals in need," said Matthew Carroll, Director, ASPCA Cause Partnerships. "This donation comes at a critical time during kitten season, when shelters across the country are caring for an influx of vulnerable animals. Partnerships like this help us provide lifesaving resources to ensure the safety and welfare of animals across the country." Visit the ASPCA website: Follow the latest activity on our social media pages:Facebook: About DoubleDown DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. The Company's flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. The Company's subsidiary, SuprNation, also operates three real-money iGaming sites in Western Europe. Company Contact:Joe Sigristir@ +1 (206) 773-2266Chief Financial Officerhttps:// Investor Relations Contact:Joseph Jaffoni or Richard LandJCIR+1 (212) 835-8500DDI@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
11-06-2025
- Automotive
- Globe and Mail
Is Tesla Stock Worth Owning in 2025?
In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of June 2. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices us ed were from the trading day of June 6, 2025. The video was published on June 9, 2025. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $369,876!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,243!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $660,341!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of June 9, 2025 Neil Rozenbaum has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Yahoo
06-06-2025
- Business
- Yahoo
HGTV, TruTV twins pledge Omaha return to spark more affordable housing
A "fireside chat" at the Reignite2Unite development symposium in Omaha featured Anthony and Anton Downing, twin brothers known for their show "Double Down" on HGTV and currently featured on "Backyard Bar Wars" on truTV. Moderating is Cristina Castro-Matukewicz, Wells Fargo vice president of community relations. (Cindy Gonzalez/Nebraska Examiner) OMAHA — The 'Downing Brothers' — Chicago firefighter twins known for their HGTV show on real estate investment — were in Omaha for a brief appearance and committed to an encore visit they hope will electrify local efforts aimed at boosting affordable housing. In town to speak Thursday at a conference, Anthony and Anton Downing toured a few housing sites and visited with nonprofit leaders working in the industry. During the event luncheon, they also clicked with Omaha's Mayor-elect John Ewing Jr., a fellow first responder and affordable housing advocate who helped persuade them to return. Beckoned to the stage by Ewing, the twins in a sort of spontaneous moment agreed to come back and work with the Omaha Municipal Land Bank on a still-to-be-determined project. 'It's important to shine a big light on government and nonprofit organizations whose work is in affordable housing,' Anthony said later, in explaining the decision. 'We're connectors,' said Anton, who hopes the future project can arouse funding and other opportunities, including perhaps an Omaha role in one of their shows. Omaha's alliance with the Downing Brothers represented the kind of networking and relationship-building that conference organizers hoped for during the two-day Reignite2Unite development symposium, which aimed to provide emerging developers and others with tools and resources to turn vacant properties into community assets. Hosting the event that drew more than 250 people to the Marriott at the Capitol District was Omaha Municipal Land Bank, Spark CDI and Front Porch Investments. Workshops featured other national and local experts who shared tips on such topics as access to capital, innovative policies and construction that promote integrated and affordable housing, land banks and community land trusts. Joe Mitchell, newly appointed administrator for the Great Plains four-state region of U.S. Department of Housing and Urban Development, which includes Nebraska, also spoke and assured the group that the Omaha HUD office was not slated for closure. He said he'd like to see developers have more access to funding and capital. Big demand for affordable housing calls for big approach in suburban Nebraska During the luncheon, Ewing — who moves into the mayor's office Monday, after defeating three-term Mayor Jean Stothert in May — told the crowd he is a longtime supporter of affordable housing efforts, having served on boards such as Habitat for Humanity Omaha. The former Douglas County treasurer said homeownership is a priority issue he often talked about on the campaign trail and wants to promote as mayor. Ewing recalled the pride he, his siblings and parents felt when he was 15 years old and the family bought their first home. The initials carved into the cement by the Ewing kids remain nearly 50 years later at the house where his parents still live. 'That was one of the most motivating, inspiring things that happened in my life,' said Ewing, adding that homeownership offers hope. The new mayor said he wants Omahans to have the opportunity to own homes. 'Not only does it inspire our young people, it allows families to build generational wealth,' he said. He referred to something former Omaha City Councilwoman Brenda Council, who was in the audience, once told him: 'To a young person without hope, consequences mean absolutely nothing.' The Downings said they are unsure of the project they'll help tackle in Omaha but said they are committed to a return. 'This is not a one and done situation,' Anthony said. The twin brothers, age 43, star on 'Backyard Bar Wars,' on truTV. Raised on the south side of Chicago by a Bahamian mother and an African-American father, they headed to the Bahamas after their Omaha stay, where they are working on a housing project. The brothers said they still fight fires in Chicago, and began real estate ventures after witnessing the need for community development while on that job. Through their 'Homecoming with the Downing Brothers' podcast, TV and a comic-style super heroes book about real estate, they said they stir conversations about real estate investment that didn't previously exist in many Black households. During their talk at the conference, the Downings recommended that communities launch programs early, teaching young teens about investing and financial literacy. Leslie Smith, executive director of the Omaha Municipal Land Bank, said organizers chose the duo as keynote speakers because of their motivation and advice. 'They speak of a call for action — to galvanize resources available to us — and they do it from a practical lens,' Smith said. Several developers were recognized Thursday with awards: Outstanding Emerging Developer: Ernesto and Penny Marquez of the Marquez Co., for their Pinkney Street Duplex rental project financed with a Spark Capital rehab loan. Community Impact Award: Omaha Economic Development Corp., for The Larimore at 3483 Larimore Ave. The 45-unit repurposed commercial building, aided by sources including public tax-increment financing and low-income housing tax credits, is for seniors that make 30% to 60% of the area's median income. Public-Private Partnership Award: Canopy South, Omaha Housing Authority and City of Omaha, for the first phase (92 units, mixed-income residential) of the Southside Terrace-Indian Hill Choice Neighborhoods Transformation Plan. Community Advocate Award: Jeff Spiehs, an urban planner and real estate developer focused on community engagement. His involvement includes being a faculty member of Spark's Developer Academy and ChangeMaker programs. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
