Gaming giant Microgaming has announced an agreement in principle to sell their vast range of games, along with their hugely popular Quickfire platform. Under the terms of the sale, Games Global Ltd. will gain the international distribution rights to the Microgaming portfolio, including the progressive jackpot network of slots such as the Mega Moolah slots range.
The customer base of over 900 gaming brands from across the world also transfers to Games Global.
A New Owner For Quickfire
Games Global Ltd. is run by CEO Walter Bugno, formerly of IGT and Lottomania, and Tim Mickley, who used to work for Playtech and SafeCharge, is CFO. The deal is subject to private equity-backed Games Global receiving a number of regulatory approvals, and the deal is not expected to be completed until Q2 of 2022.
Microgaming will continue to supply some customers with their games platform, and will also concentrate on their sports betting platform, with continued development and licensing of this side of the business.
This is an exciting deal that has been in the making for some time, which will provide new growth and opportunity for both Microgaming and Games Global.John Coleman, CEO at Microgaming
Source – Press Release - Divestiture of Quickfire distribution business and games portfolio – https://www.microgaming.co.uk/News/Divestiture-of-Quickfire-distribution-business-and-games-portfolio