Microgaming has announced Monday that it will sell its Quickfire distribution business and portfolio of online games, including progressive jackpot titles, to Games Global Limited.
In the agreement, Games Global will acquire the international distribution rights to Microgaming's exclusive gaming content, and will also inherit its extensive customer base composed of over 900 global gaming brands.
No details were given regarding the price.
The sale is expected to be completed in Q2 2022.
After the sale, Microgaming shall continue to supply certain customers with its turnkey games platform, as well as concentrate more on the licensing and further development of its sports betting technology.
Games Global, established in 2021, 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.
CEO at Microgaming John Coleman said, "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. 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."