Divestiture of Quickfire distribution business and games portfolio. Microgaming today announces that it has agreed in principle the sale of its Quickfire distribution business and portfolio of online casino games, including progressive jackpot titles, to Games Global Limited.
The landmark sale, which is subject to newly established Games Global receiving certain regulatory approvals, is expected to complete in Q2 2022.
Under the agreement, Games Global will acquire the international distribution rights to Microgaming’s exclusive gaming content. It will also inherit its extensive customer base comprising of more than 900 global gaming brands.
Following the sale, Microgaming will continue to supply certain customers with its turnkey games platform. In addition it will focus on the further development and licensing of its sports betting technology.
Games Global is a private capital-backed company led by CEO Walter Bugno. Formerly of IGT and Lottomatica, and CFO Tim Mickley, previously of SafeCharge and Playtech.
John Coleman, CEO at Microgaming, comments: “This is an exciting deal that has been in the making for some time. This deal will provide new growth and opportunity for both Microgaming and Games Global. We are making the announcement now to provide sufficient notice. Additionally clarity for our partners and stakeholders.”