The Isle of Man company said it has entered into a deal with 2021 startup Games Global Limited to sell its Quickfire aggregation network and other assets for an undisclosed amount. The total prize also includes the world’s largest progressive jackpot network and several additional game creation studios.
Games Global was formed in 2021 by former IGT CEO Walter Bugno and CFO Tim Mickley, formerly of Playtech and SafeCharge. No details of the sale have been provided beyond the scope of the assets concerned and the expected closing date of the second quarter of 2020. The buying firm is financed by private capital.
Pending regulatory approval, the transfer would take place in two parts known as the Microgaming Acquisition and the Studio Acquisition.
When completed, Games Global will become a market-leading provider of online game content with a portfolio of over 3,000 game titles, dozens of small game studios, the Quickfire aggregation platform and the network. progressive jackpot that paid more than 1.2 billion euros since its creation.
Instant access to massive markets
The purchase gives Games Global access to more than 260 current customers which almost work 1,000 game brands. The group will continue to employ more than 1,100 people in Europe, South Africa, North and South America and Oceania.
CEO Walter Bugn commented: “We are currently witnessing a very dynamic gaming market across the world, with many new regulated markets online. The 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. We are extremely excited about the opportunities ahead and will work tirelessly to realize the important opportunities that lie before us.“
While the press release mentions 25 studios, the company’s website references more than 50 studios in more than 25 different countries. Current Microgaming Studio partners listed on the website include Triple Edge, Stormcraft, Slingshot, Gameburger, All41, and Alchemy, but this list should not be considered exhaustive.
Microgaming will keep some turnkey download casinos
Legacy sites using original Microgaming Viper download client software would not be affected by the deal, according to a Microgaming announcement.
Before stepping down as CEO of Microgaming earlier this week, John Coleman said: “TThis is an exciting deal that has been in the works for some time and will provide further growth and opportunities for Microgaming and Games Global. We are announcing it now in order to provide sufficient advance notice and clarity to our partners and stakeholders. Games Global will acquire the intellectual property and game distribution business previously known as Quickfire, and Microgaming will continue to support its traditional core business, while increasing its reach with the addition of new businesses and managed services.“
New activities and managed services should concern sports betting.
Building a World-Class iGaming Content Company, Games Global, November 15, 2021
Disposal of the Quickfire distribution business and game portfolio, Microgaming, November 15, 2021