Microgaming Divests full Quickfire Business to Games Global
Global online gaming giant Microgaming have reportedly sold their Quickfire platform to Global Games Ltd, a new player in the iGaming industry.
Under the deal, the 2021 established firm Global Games Ltd will be the new owners and be taking charge of Quickfire’s distribution business and portfolio and the jackpot slots and game studios hosted by the platform across various jurisdictions.
The purchase process spans through 2021 and is expected to complete in the second quarter of next year. After Global Games have completely acquired the platform, the new company will gain access to various regulated markets.
With the acquisition of Quickfire, Games Global will end up with a total of 25 studios, over 3,000 games, a regulated-ready progressive jackpot network, 260 customers, and 980 brands. The company will also employ 1,100 staff members across several jurisdictions like Europe, Oceania, South Africa, North and South America.
With these numbers, all the odds point to Games Global becoming a key player in the global iGaming industry in no time.
We see 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.
Rather than consolidating, Microgaming is taking a unique approach in the industry by divesting and focusing on more specific areas of its services. However, the company maintained that it wouldn’t be taking its hands off Quickfire completely. Rather, it will continue to create innovative iGaming software for certain customers and focus on developing and licensing its sports betting technology.
Games Global will acquire the game IP and distribution business previously known as Quickfire, and Microgaming will continue to support its traditional core business while increasing its reach with the addition of new business and managed services.