Microgaming has revealed that it has agreed in principal to sell its Quickfire distribution business and portfolio of online games including progressive jackpot titles to Games Global Limited.
The groundbreaking sale, which is subject to newly established Games Global receiving certain regulatory approvals, is anticipated to complete in the second quarter of next year.
In terms of the agreement, Games Global will acquire the international distribution rights to Microgaming’s exclusive gaming content, and also inherit its extensive customer base comprising of more than 900 global gaming brands.
Microgaming will continue to supply certain customers with its turnkey games platform after the sale and will also focus on the further development and licensing of its sports betting technology.
Games Global is a private capital-backed company that is led by Chief Executive Officer Walter Bugno, formerly of International Game Technology and Lottomativa as well as Chief Financial Officer Time Mickley, previously of Playtech and SafeCharge.
John Coleman, Chief Executive Officer at Microgaming, commented that 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.
He went on to say that they are announcing it now to provide sufficient notice and clarity for their partners and stakeholders.
Coleman also said that 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.
