International Game Technology (IGT) has agreed a deal to sell its Double Down Interactive LLC social casino subsidiary to an affiliate of DoubleU Games Co. Under the definitive purchase agreement, social casino operator DoubleU Games, which is headquartered in Seoul, South Korea, will purchase the business unit for $825 million (€774.9 million). IGT said the transaction “establishes a new multi-year strategic partnership between IGT and DoubleU Games to provide innovative player experiences in the social casino market worldwide”. The firm added that funds from the acquisition will be used for general corporate purposes, including debt reduction. Upon the closing of…