Micro games accepted the cession of its Rapid fire distribution activity and portfolio of online games at World Games, a privately funded company that was formed in early 2021.
Billed as a “historic sale” by Microgaming, the deal will see Games Global acquire the international distribution rights for Microgaming’s exclusive game content, including progressive jackpot titles, as well as its extensive customer base of over 900 game brands. global.
The acquisitions, which are subject to obtaining certain regulatory approvals from Games Global, are expected to be finalized in the second quarter of 2022.
Following the sale, Microgaming said it will continue to provide its turnkey gaming platform to select customers, as well as focus on the development and licensing of its sports betting technology. .
John Coleman, outgoing CEO of Microgaming, commented: âThis is an exciting deal that has been underway for some time and will provide further growth and new opportunities for both Microgaming and Games Global.
“We are making the announcement now to provide sufficient notice and clarity to our partners and stakeholders.”
Upon completion, Games Global will become an igaming content provider controlling a portfolio of over 25 studios, a proprietary catalog of over 3,000 games, a progressive jackpot network and distribution with access to over 260 existing customers operating over of 980 game brands. The group will employ more than 1,100 experienced employees based in Europe, North and South America, Oceania and South Africa.
The company is headed by the CEO Walter Bugno, formerly of IGT and Lottomatica and CFO Tim mickley, formerly of SafeCharge and Playtech.
Bugno explained, âWe are currently seeing a very dynamic gaming market across the world, with many new regulated markets online.
âThe creation of a new large-scale independent supply chain that will be Games Global has not been observed for many years. We are committed to delivering a world-class product and service offering that will ultimately improve the end-user gaming experience and help drive our customers’ businesses.
âWe are extremely excited about the opportunities ahead and will work tirelessly to realize the important opportunities that lie before us. “