Microgaming has announced that it will sell its Quickfire business to Games Global, a supplier founded earlier this year, in a deal expected to conclude in Q2 of 2022.
When the deal closes, Games Global will hold international distribution rights to Quickfire’s gaming portfolio and jackpot network.
Microgaming’s Quickfire business was one of the earliest aggregators of casino content.
Games Global was established in 2021, is backed by “private capital”, and focuses on developing and distributing content in internationally regulated markets.
The business is led by chief executive Walter Bugno, who formerly was formerly executive vice president of new business and strategic initiatives at IGT and had also held senior roles at Lottomatica. Bugno announced his resignation from IGT in May of this year.
Games Global also confirmed agreements with unnamed companies to develop game studios internationally. These agreements are also set to close in Q2 2022.
Once all of these acquisitions are complete, Games Global’s portfolio will include games from 25 studios and the supplier will have a catalogue of almost 3,000 games, operating across Europe, North and South America, Oceania and South Africa.
“We are seeing a very vibrant gaming market at present across the world, with many new regulated markets coming online,” said Bugno.
“The creation of a new large-scale independent supply chain that Games Global will be has not been witnessed for many years.”
Bugno continued, “We are extremely excited about the opportunities ahead and will work tirelessly to achieve the significant opportunities in front of us.”
Following the acquisitions, Microgaming will turn its attention to developing and attaining licences for its sports betting technology.
“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,” said John Coleman, CEO of Microgaming, who announced his departure earlier today.
“We are making the announcement now to provide sufficient notice and clarity for our partners and stakeholders.”
Earlier today, Microgaming announced that Coleman would step down as the company’s CEO and be replaced by COO Andrew Clucas.
