Microgaming To Sell Online Casino Studio

Microgaming To Sell Online Casino StudioMicrogaming, the leading software provider behind big name brands like Cabaret Club Casino has announced that it will be selling it’s Quickfire studio. The buyer is confirmed to be mega-corporation Games Global, who will be buying not only the company, but the entirety of the studio’s online casino catalogue, including the jackpot network.

Taking a closer look at Games Global, the entity is certainly a newcomer to the iGaming industry. But, having only been established in 2021, the new corporation has come out swinging. Newly appointed CEO, Walter Bugno, is recognizable for having previously been the executive vice president of IGT. His resume also ties him to Lottomatica.

He confirmed that Games Global will be using Quickfire to develop and distribute casino games across the global iGaming industry.

Making Big Strides

Purchasing Quickfire isn’t the only big step that Games Global has taken. Bugno confirmed that a number of other, still unannounced deals have also been finalized, though he did not specify which. What he did say is that the company would be moving ahead with establishing a global online casino network over the course of 2022.

He also specified that the corporation will soon boast a catalogue of over 3,000 games, having been contributed by 25 top studios. He went on to reveal that the planned network will consist of outlets in South Africa, Oceania, South America, North America, and Europe.

Certainly an ambitious plan from an entity that has only been around a few months, but the CEO insists that things are going ahead smoothly. He commented that the iGaming industry is extremely vibrant at the moment, with new regulated markets springing up on an almost monthly basis.

Shifting To Sports Betting

Online casino powerhouse Microgaming, meanwhile, has suggested that it will be moving more towards sports betting. Though, already established sites like Cabaret Club will remain exactly as they are.  CEO of the corporation, John Cole, declared that it is an exciting time.

He explained that both Microgaming and Games Global have an exciting future ahead, with plenty of room to grown for both entities. He went on to confirm that all the company’s partners and stakeholders have been notified of the Quickfire sale, ensuring that the transition is a smooth one.

Interestingly enough, the big sale has come at a time when Cole also announced that he will soon be stepping down as CEO. He is to be replaced by current COO Andrew Clucas.