Microgaming announced Tuesday it has finalized the sale of its distribution business and online games portfolio to games supplier, Games Global Limited.
Under the terms of this deal, Games Global has acquired ownership of an extensive back catalog of exclusive gaming content, and has also attained an extensive network of customers operating more than 900 global gaming brands.
With the sale closed, Microgaming will now focus on providing platform systems and services to online gaming brands, including Games Global and its customers. The Isle of Man-based company will also continue to license its proprietary sports betting software to the industry’s sports betting operator, Betway, whilst investing in and building on technology.
Founded in early 2021, 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.
In an official press release, Andrew Clucas, Microgaming’s CEO, stated: “It is an exciting milestone for both Microgaming and Games Global, and it is the culmination of months of hard work and dedication from teams on both sides. The online gaming industry will undoubtedly present a wealth of opportunities for Games Global, and we wish them the very best for their journey”.
CEO of Games Global Limited, Walter Bugno, added: “We are excited for the full operational launch of Games Global and welcoming a new era in iGaming. Microgaming’s historical legacy and impact on the industry has been significant, and we wish the organization all the best in its next chapter”.
Microgaming agreed to the sale of its Quickfire distribution business and portfolio of online games back in November, including progressive jackpot titles. John Coleman stepped down from his role as CEO on 31 December 2021. He was replaced by former Microgaming COO Andrew Clucas.
Original article: https://www.yogonet.com/international/news/2022/05/05/62492-games-global-completes-acquisition-of-microgaming-39s-igaming-portfolio–distribution-business
