The sale has been agreed in principle, and is subject to Games Global receiving certain regulatory approvals. It is expected to be completed in Q2 2022.

Games Global will acquire the international distribution rights to Microgaming’s exclusive gaming content, as well as inherit its customer base of over 900 gaming brands. Microgaming will continue to supply certain customers with its games platform, and will focus on the development of its sports betting technology.

A private capital-backed company, Games Global is led by CEO Walter Bugno, previously of IGT and Lottomatica, and CFO Tim Mickley, formerly of SafeCharge and Playtech.

“This is an exciting deal that has been in the making for some time and which will provide new growth and opportunity for both Microgaming and Games Global,” 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.”

Microgaming also recently announced that Coleman will be stepping down from his role as CEO on 31 December 2021, to be replaced by current COO Andrew Clucas.