Microgaming sells assets to Games Global Limited
Microgaming, a company that specializes in digital casino games and online gambling, announced a contract to sell their Quickfire Aggregation Network and other assets to 2021 Startup Games Global Limited for an undisclosed price.
The deal also includes the world's largest progressive jackpot network and multiple additional game creation studios.
Walter Bugno, co-founder and former CEO of IGT (International Game Technology), founded Games Global in 2021 with Tim Mickley. The deal is said to affect certain assets but did not disclose any other information about it. It's expected that the purchase will close by Q2 2022 if all goes well and nothing changes or gets delayed on either end.
Games Global aims to be the leading provider of online slots worldwide, with over 3,000 games titles available on its platform. Games are provided by more than 50 smaller studios that have been established in just under two decades thanks to Microgamings Quickfire aggregation system, which enables quick integrations for third-party developers.
Statement from John Coleman, CEO of Microgaming.
"This is an exciting deal that has been in the making for some time and will provide new growth and opportunity for both Microgaming and Games Global. We are announcing it now to provide sufficient notice and clarity for our partners and stakeholders. 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."