Microgaming to Sell Quickfire
Published November 18, 2021 by Sol FH
Microgaming to sell Quickfire to Games Global, a new supplier, by the end of Q2 2022.
iGaming giant Microgaming has made a move that will see its ownership of Quickfire go to a brand new supplier - Games Global. Once done, Games Global will be the sole owner of international distribution rights to the entirety of Quickfire's portfolio and their jackpot network.
Quickfire was one of the earliest aggregators of iGaming content.
Established in 2021, Games Global is one of the newest suppliers in the iGaming industry and is backed by "private capital." The company will use its newly-acquired Quickfire content to develop and distribute games across international regulated markets.
Games Global is led by Walter Bugno, its CEO, who used to be the executive VP of new business and strategic initiatives at IGT. He also had roles with Lottomatica.
The company has apparently also inked deals with a number of unnamed companies that will establish international game studios. 2022 will be a big year for this new supplier as these agreements are to be set in Q2 2022.
Games Global will become a very big player in the industry and at the end of the day, its portfolio will include games from 25 studios, which will include close to 3,000 games. They will be active in Europe, North and South America, Oceania, and South Africa.
“We are seeing a very vibrant gaming market at present across the world, with many new regulated markets coming online,” commented Bugno.
“The creation of a new large-scale independent supply chain that Games Global will be has not been witnessed for many years. We are extremely excited about the opportunities ahead and will work tirelessly to achieve the significant opportunities in front of us.”
Microgaming will focus a lot more of its attention on increasing its presence in the sports betting technology vertical.
“This is an exciting deal that has been in the making for some time which will provide new growth and opportunity for both Microgaming and Games Global,” commented John Coleman, CEO of Microgaming, who will be leaving Microgaming.
“We are making the announcement now to provide sufficient notice and clarity for our partners and stakeholders.”
Microgaming made a press release that announced that Coleman would be leaving the company as CEO and be replaced by COO Andrew Clucas.
