Microgaming is one of the biggest names in online gambling today. Founded in 1994, the company has become a true giant in the gaming world, and during its history, it has achieved many significant milestones. One of them was the launch of the Quickfire platform in 2010, which enabled operators to get their online casino software through a simplified and easy-to-use scheme.
More than a decade since the platform’s launch, Microgaming decided to make a bold move and sell Quickfire.
Unloading the Quickfire Platform
The Isle of Man-based gaming company has recently announced it will unload its distribution business and the entire portfolio that comes with it. Following the deal with Games Global Limited, the new owner will take over the platform’s entire offering of jackpot games.
According to available information, the deal includes a wide selection of games studios available across several jurisdictions. The takeover should be completed during the second quarter of 2022. Thanks to this move, Games Global Limited will be able to establish its presence in several jurisdictions worldwide. More importantly, it will acquire valuable regulation-ready assets.
The new owner will acquire a total of 25 gaming studios with more than 3,000 quality games. In addition to that, it will gain access to a progressive jackpot network hosted by the Quickfire platform. The newly-acquired distribution facilities boast 260 customers and 980 brands. The transaction has sent shockwaves through the online gaming industry, as it has significantly changed its landscape.
The Industry Welcomes a New Player
Microgaming’s divestment has allowed Games Global Limited to virtually overnight emerge as a new player in the highly competitive industry. Thanks to the latest deal, the company will gain more than 1,000 employees across Europe, North and South America, Africa, and Oceania.
Walter Bugno, Chief Executive Officer at Games Global Limited, pointed out the move represented a welcomed opportunity to get a flying start in the industry. Games Global may be a new name in the business, but its arrival in the segment is a breath of fresh air online gaming hasn’t seen in years.
Today’s gaming market worldwide is very vibrant, with more and more regulated markets going online. Games Global Limited is set to establish its reputation as a brand-new independent supply chain, quickly and on a large scale.
The company’s primary goal is to deliver a product of the utmost quality that will enhance playing experiences. As Games Global Limited’s executive emphasized, his side is ready to work on all fronts from day one to reveal new opportunities and make the most out of them.
Games Global Limited is a new name in the business, having been established earlier this year. It relies on the vast experience of its management to drive the company forward. Bugno made his name in the industry in IGT and Lottomatica, while the company’s present Chief Financial Officer Tim Mickley held the same position at Playtech and SafeCharge.
The latest deal represents significant opportunities for both Microgaming and Games Global Limited. Speaking about the move, John Coleman, Chief Executive at Microgaming, pointed out the partnership has been in the making for quite some time.