Microgaming has announced that it will sell its Quickfire business to Games Global, a provider founded earlier this year, in a deal slated to close in the second quarter of 2022.
When the deal is finalized, Games Global will own the international distribution rights to Quickfire’s game portfolio and jackpot network.
Microgaming’s Quickfire business was one of the early aggregators of casino content.
Games Global was established in 2021, is backed by “private capital” and focuses on the development and distribution of content in internationally regulated markets.
The company is headed by Managing Director Walter Bugno, who was previously Executive Vice President of New Business and Strategy Initiatives at IGT and had also held senior positions at Lottomatica. Bugno announced his resignation from IGT in May this year.
Games Global has also confirmed agreements with limited companies to develop game studios internationally. These agreements are also expected to close in the second quarter of 2022.
Once all of these acquisitions are complete, Games Global’s portfolio will include games from 25 studios and the vendor will have a catalog of nearly 3,000 games, operating in Europe, North and South America, Oceania and Africa. from South.
“We are currently seeing a very dynamic gaming market across the world, with many new regulated online markets,” Bugno said.
“The creation of a new large-scale independent supply chain that will be Games Global has not been observed for many years. “
Bugno continued, “We are extremely excited about the opportunities ahead and we will work tirelessly to realize the important opportunities that lie before us. “
Following the acquisitions, Microgaming will focus on the development and licensing of its sports betting technology.
“This 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,” said John Coleman, CEO of Microgaming, who announced his departure earlier in the day.
“We are making the announcement now to provide sufficient notice and clarity to our partners and stakeholders.”
Earlier today, Microgaming announced that Coleman will step down as CEO of the company and be replaced by COO Andrew Clucas.