Microgaming has revealed that it will be selling its Quickfire distribution business and portfolio, including all progressive jackpots, to Games Global Limited. This sale will be subject to Games Global, the newly established company, receiving regulatory approvals, and should be completed in in Q2 2022.
With this agreement, Games Global will own the international distribution rights to Microgaming’s exclusive content, and will therefore get its extensive customer base consisting of over 900 global gaming brands.
After the sale, Microgaming will still supply some customers with its turnkey games platform and will be busy with the creation and licensing of its sports betting technology.
Games Global is a private capital-backed company led by CEO Walter Bugno, previously at IGT and Lottomatica, and CFO Tim Mickley, previously at SafeCharge and Playtech.
“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,”
John Coleman, CEO of Microgaming, said.
Microgaming is a software company that has established itself as among the best game providers of online games. It is based in the Isle of Man from where it runs its operations that include; running an online poker network known as The MPN and developing online gaming software for notable casino operators such as Fortune Lounge Group and Carmen Media Group among others. Online casinos are flooded with over a thousand games, ranging from Blackjack, Video Poker, Video Slots and Roulette. Over six hundred games are attributed to this company alone. It is a showing of how dominant it is thanks to its impressive market share.
Microgaming claims to have released the first genuine online casino all the way back in 1994. Over the years, they have improved thanks to the embrace of technology which is becoming a very vital aspect in the gaming industry. The games are available for download, and are often in flash version, making them playable on mobile platforms. Microgaming slots are renowned for high payouts. A progressive jackpot is one of the most attractive factors about slots and most gamblers opt for such games.
Microgaming has some slots that have a progressive jackpot. Some of the jackpots have prize amounts that run into millions, which prompts players to invest(play) more in them to clinch the coveted amounts of money up for grabs. Such notable aspects of the games coupled with incentives like Microgaming free spins make them a favourite among gamers. The free spins feature comes in handy while playing slots because it gives the player bonus attempts to clinch the jackpot.
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