Microgaming has agreed the divestment of its Quickfire distribution business and portfolio of online games to Games Global, a private capital backed firm that was established in early 2021.
Billed as a “landmark sale” by Microgaming, the deal will see Games Global acquire the international distribution rights to Microgaming’s exclusive gaming content, including progressive jackpot titles, as well as its extensive customer base of more than 900 global gaming brands.
The acquisitions, which are subject to Games Global receiving certain regulatory approvals, are expected to be finalised during Q2 2022.
Following the sale, Microgaming says that it will continue to supply certain customers with its turnkey games platform, as well as focus on the further development and licensing of its sports betting technology.
John Coleman, the departing CEO at Microgaming, commented: “This is an exciting deal that has been in the making for some time which will provide new growth and opportunity for both Microgaming and Games Global.
“We are making the announcement now to provide sufficient notice and clarity for our partners and stakeholders.”
Following completion, Games Global will become a supplier of igaming content controlling a portfolio of more than 25 studios, a proprietary catalogue of over 3,000 games, progressive jackpot network and distribution with access to over 260 existing customers operating more than 980 gaming brands. The group will employ in excess of 1,100 experienced staff based across Europe, North and South America, Oceania, and South Africa.
The firm is led by CEO Walter Bugno, formerly of IGT and Lottomatica and CFO Tim Mickley, previously of SafeCharge and Playtech.
Bugno explained: “We are seeing a very vibrant gaming market at present across the world, with many new regulated markets coming online.
“The creation of a new large-scale independent supply chain that Games Global will be, has not been witnessed for many years. We are committed to delivering a world-class best-of-breed product and services offering that will ultimately enhance the end user’s gaming experience and help drive our customers’ businesses.
“We are extremely excited about the opportunities ahead and will work tirelessly to achieve the significant opportunities in front of us.”
