Microgaming, one of the leading casino software suppliers has announced that it has agreed to sell its Quickfire distribution business as well as a wide library of online releases to Games Global Limited. This sale will include progressive jackpot titles as well.
The companies hope that the sale will be completed in the second quarter of 2022 after the newly established company, Games Global Limited, receives the necessary regulatory approvals.
A recent agreement governs that Games Global will have the authority to distribute Microgaming content for games of chance.
However, Microgaming has no plans to stop with its career. In addition to continuing to provide certain customers with its turnkey games platform, the company plans to dedicate itself to licensing and further developing its sports betting technology.
John Coleman, Ceo at Microgaming gave the following comment: ” This is an exciting deal that has been in the making for some time and which will provide new growth and opportunity for both Microgaming and Games Global. We are announcing it now to provide sufficient notice and clarity for our partners and stakeholders. Games Global will acquire the game IP and distribution business previously known as Quickfire, and Microgaming will continue to support its core traditional business while increasing its reach with the addition of new business and managed services. ”
More About Games Global
Games Global is a private-held company led by CEO Walter Bugno, and this position was preceded by the same one in IGT and Lottomatica, and CFO Tim Mickley, formerly of SafeCharge and Playtech.
After taking over Microgaming’s Quickfire distribution business, it will be one of the leading suppliers of iGaming products. The company will own a wide portfolio that includes more than 25 studies and more than 3,000 titles. Games Global announces that after the acquisitions it will employ more than 1,100 experienced staff based across Europe, North and South America, Oceania, and South Africa.
’’Divestiture of Quickfire distribution business and games portfolio’’, microgaming.co.uk, November 15, 2021.
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