Microgaming has finalised the sale of its distribution business and online games portfolio to a supplier of games in the industry, Games Global Limited.
Under the deal, Games Global has acquired ownership of an extensive back catalogue of exclusive gaming content and has also attained an extensive network of customers operating more than 900 global gaming brands.
With the sale closed, Microgaming will now focus on continuing to provide platform systems and services to leading online gaming brands, including Games Global and its customers.
The Isle of Man-based company will also continue to license its proprietary sports betting software to the industry’s leading sports betting operator, Betway, whilst investing in and building on the technology.
Founded in early 2021, 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.
Andrew Clucas, CEO at Microgaming, says: “It is an exciting milestone for both Microgaming and Games Global, and is the culmination of months of hard work and dedication from teams on both sides. The online gaming industry will undoubtedly present a wealth of opportunities for Games Global, and we wish them the very best for their journey ahead.”
Walter Bugno, CEO of Games Global Limited, added: “We are excited for the full operational launch of Games Global and welcoming a new era in iGaming. Microgaming’s historical legacy and impact on the industry has been significant, and we wish the organisation all the best in its next chapter”