Newly established European gaming industry player Games Global has finalised its acquisition of several Microgaming assets, as the provider goes live to make its market debut.
Although financial terms of the agreement have not been fully disclosed by either party, it has been confirmed that Games Global has been granted regulatory approval for the purchase of Microgaming’s distribution business and online games portfolio.
Following the transaction, Microgaming will continue to provide platform systems and services to online gaming brands, with its new parent company gaining greater access to its content portfolio and 900-strong client list.
Additionally, the Isle of Man-based firm’s sports betting operations will also maintain momentum, with plans outlined for further investment in the area as well as a continuation of sports betting contracts such as the one in place with Betway.
Andrew Clucas, CEO at Microgaming, said: “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.”
The acquisition has secured relevant regulatory licensing confirmations, enabling Games Global to make its ‘bold entrance’ into the betting and gaming market, as it details plans to expand its games and jackpot portfolio.
Furthermore, the firm plans to develop the ‘scope and geographical reach’ of its business as well as enhance its own technology platform following the merger with Microgaming.
The company has so far launched 3,000 games and jackpots in its portfolio and has secured partnerships to deliver these products to 980 casino brands, and is targeting international regulated and regulating markets.
“We are excited for the full operational launch of Games Global and welcoming a new era in igaming,” said Walter Bugno, CEO of Games Global, in a statement released by Microgaming.
“Microgaming’s historical legacy and impact on the industry has been significant, and we wish the organisation all the best in its next chapter.”
Newly established Games Global is led by Bugno – who previously held two executive roles at IGT and served as Lottomatica’s Gaming Division – alongside former SafeCharge and Playtech director Tim Mickley.
In a separate statement published by Games Global, Bugno added: “It is with immense enthusiasm I proudly confirm that today marks the official go live of Games Global.
“We’re incredibly excited for what we can achieve as we deliver industry-leading content, power continuous growth providing mutual success for Games Global and our partners. Games Global is ready to define the future, lead innovation and make a real difference in the industry.”