Divestiture of Quickfire distribution business and games portfolio

(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.