Games Global launches with multiple acquisitions
Industry heavyweights agree purchase of Microgaming’s Quickfire business and other entities
Games Global has concluded deals to acquire Microgaming’s Quickfire distribution business as well as significant interests in a number of igaming studio businesses, EGR can reveal.
Financial terms of the transactions have not been disclosed, however EGR has learned the structured studio deal involves the acquisition of interests aimed at developing a games studio business located across multiple markets.
Both deals, which are subject to regulatory approval, are expected to complete in Q2 2022.
Launched in 2010, the Quickfire business comprises of a proprietary games distribution platform aimed at improving browser-based play for online casinos. It has grown to become one of the industry’s largest ‘instant-play’ platforms.
On completion of the deal, Games Global will acquire interests in a number of igaming studios, a catalogue of more than 3,000 games, as well as a network of 260 existing customers operating more than 980 gaming brands.
The combined group will employ more than 1,100 employees spread across Europe, North and South America, Oceania and South Africa.
Established earlier this year, 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.
Games Global aims to serve as an igaming content and distribution business focusing on international regulated and regulating markets.
Games Global CEO Walter Bugno outlined the firm’s ambitions to become a leading player in the iGaming content distribution space: “We are seeing a very vibrant gaming market at present across the world, with many new regulated markets coming online.
“The creation of a new large-scale independent supply chain that Games Global will be, has not been witnessed for many years.
“We are committed to delivering a world class best-of-breed product and services offering that will ultimately enhance the end user’s gaming experience and help drive our customers’ businesses.
“We are extremely excited about the opportunities ahead and will work tirelessly to achieve the significant opportunities in front of us.” Bugno added.