Casino software developer giants Microgaming has announced the sale of their Quickfire distribution business and library of online games to Games Global Limited.
The sale is expected to be completed in Q2 of 2022 after Games Global receives certain regulatory approvals. They will own the international distribution to Microgaming's premium gaming content as well as their 900 strong customer base of gaming brands. The deal represents a huge coup for Games Global, with Microgaming casino sites considered some of the most popular in the industry.
“This is an exciting deal that has been in the making for some time," said Microgaming CEO John Coleman.
“We are announcing it now to provide sufficient notice and clarity for our partners and stakeholders.
“Games Global will acquire the game IP and distribution business previously known as Quickfire, and Microgaming will continue to support its core traditional business while increasing its reach with the addition of new business and managed services."
Games Global will work alongside hundreds of the best casino sites to distribute Microgaming's plethora of online games, including their latest slot drops.
CEO Coleman Steps Down
The news dropped just one day after the resignation of CEO John Coleman who will leave his role on December 31, 2021. Coleman will be replaced by COO Andrew Clucas having spent three a half years in the position.
"I am honored to have led Microgaming as CEO.
"After 17 years at the company, this is a natural time for me personally to embark on the next adventure."
His successor Clucas lauded Coleman's contribution to the company over the course of almost 20 years and says it is an "incredible honour" to take up the mantle.
He said: "John has been an outstanding leader and ambassador of the business for almost two decades, and I cannot praise him highly enough for his many achievements and contributions.
" am delighted to be picking up the mantle from him – being appointed CEO of Microgaming is an incredible honour, and I intend to lead the business with the very same passion and commitment."