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Microgaming acquired by Games Global

 
Gorky
(@gorky)

Games Global is pleased to announce that it has agreed in principle the purchase of Microgaming’s Quickfire distribution business, industry leading portfolio of online gaming content and progressive jackpot network (the “Microgaming Acquisition”). 

In parallel with the Microgaming Acquisition, Games Global has also reached agreements with a number of parties to acquire interests in and develop a portfolio of game studios located across multiple geographies (the “Studio Acquisitions”).

The Microgaming Acquisition and Studio Acquisitions, which remain subject to Games Global receiving certain regulatory approvals, are expected to complete in Q2 2022. 

Following completion of the acquisitions, Games Global will become a leading supplier of iGaming content controlling a portfolio of more than 25 studios, a proprietary catalogue comprising upward of 3,000 games, a world-leading progressive jackpot network and distribution with access to over 260 existing customers operating more than 980 gaming brands. The group will employ in excess of 1,100 experienced staff based across Europe, North and South America, Oceania, and South Africa.

Established in early 2021, Games Global is a newly formed private capital backed company led by CEO Walter Bugno, formerly of IGT and Lottomatica and CFO Tim Mickley, previously of SafeCharge and Playtech. Games Global’s mission is to create a world-leading games content and distribution business focusing on both established international regulated and regulating markets, incorporating innovative technology capable of serving new and existing customers at an exemplary level. 

Walter Bugno, CEO of Games Global commented: “We are seeing a very vibrant gaming market at present across the world, with many new regulated markets coming online. The creation of a new large-scale independent supply chain that Games Global will be, has not been witnessed for many years. We are committed to delivering a world-class best-of-breed product and services offering that will ultimately enhance the end user’s gaming experience and help drive our customers’ businesses. We are extremely excited about the opportunities ahead and will work tirelessly to achieve the significant opportunities in front of us."

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Topic starter Posted : 15/11/2021 12:52 pm
Mojito and Cooper76 liked
Gorky
(@gorky)

Microgaming press release:

Microgaming today announces that it has agreed in principle the sale of its Quickfire distribution business and portfolio of online 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, and 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, as well as 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 which will provide new growth and opportunity for both Microgaming and Games Global. We are making the announcement now to provide sufficient notice and clarity for our partners and stakeholders."

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Topic starter Posted : 15/11/2021 12:52 pm
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