Microgaming has announced it has agreed in principle the sale of its Quickfire distribution business and portfolio of online games, including progressive jackpot titles, to Games Global Limited. 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.
The landmark sale, subject to newly-established Games Global receiving certain regulatory approvals, is expected to complete in Q2 2022. Under the agreement, Games Global will acquire the international distribution rights to Microgaming’s exclusive gaming content, and also inherit its extensive customer base comprising of more than 900 global gaming brands. Following the sale, Microgaming will continue to supply certain customers with its turnkey games platform, as well as focus on the further development and licensing of its sports betting technology.
This sale follows the announcement that John Coleman, Microgaming CEO, will be stepping down from his role on December 31, 2021. John will be replaced by current Microgaming COO, Andrew Clucas.
John was appointed CEO of Microgaming in June 2018, having served as CFO for nearly 14 years. As CEO, John has driven Microgaming’s strategy and vision, diversified its product offering, and elevated its position in the global gaming market. John has also placed employee wellbeing, safer gambling and corporate social responsibility at the forefront of his decision-making.
Andrew joined Microgaming in 2009 following a successful career in the Royal Air Force. Rising quickly through the ranks at Microgaming, he headed up various operational areas of the business, including business development and sales, before being appointed chief operating officer in January 2018.
John Coleman comments: “I am honoured to have led Microgaming as CEO – such an incredible business and people. After 17 years at the company, this is a natural time for me personally to embark on the next adventure. Microgaming has a strong leadership structure in place and an exciting future ahead, and I am delighted to announce Andrew Clucas as my successor. Andy is a brilliant colleague, friend and leader, and I have every confidence that he will steer Microgaming to new success.”
Andrew Clucas adds: “John has been an outstanding leader and ambassador of the business for almost two decades, and I cannot praise him highly enough for his many achievements and contributions. I am delighted to be picking up the mantle from him – being appointed CEO of Microgaming is an incredible honour, and I intend to lead the business with the very same passion and commitment.”