One of the investors of International Game Technology, also known as IGT, the slot machine Developer that is based in the United States has given the company much needed advice concerning its latest purchase. IGT has purchased a social gaming unit for 500 million dollars last year. The advice was for IGT to look for other strategic solutions for that unit while paying more attention and focusing its resources on expanding and growing its presence in the Asian market.
This investor is Jason Ader, the head of an investment firm who is leading a group of investors who are trying to be represented on IGT’s board. He also added that IGT’s venturing into the world of online gaming is causing the company to lose focus on what is important. He added that the company needs to go back to what it used to do which is developing and designing games for casino players in Asia and the United States. Jason Ader is a well reputed, expert in the industry who is also a part of the Las Vegas Sands Corporation’s Board.
This advice came in the form of a letter to the shareholders of IGT. This letter criticizes the actions of the board stating that they have lost focus on their main business and said that the acquisition of DoubleDown was a very expensive decision. DoubleDown is one of the largest Facebook gaming providers. IGT acquired DoubleDown in the first month of 2012. DoubleDown provides players with free-to-play versions of blackjack and poker.

