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Perhaps the name, Games Global rings a bell. Perhaps, it’s thus far unknown to you. Either way, it’s here.
A Tuesday press release from the firm did not quietly announce its presence. Rather, it simply stated what should be taken at face value.
To whit, in big bold print, centered on top: Games Global thunders onto the scene, ushering in a bold new era in iGaming
Followed by the subheadline –
‘A new age in iGaming has arrived as the era of Games Global officially begins’
The release marked the official beginning of operations for a firm founded in 2021 and beginning its journey at the very heart of the online gambling universe. The wheels began to turn in earnest with the whole of Microgaming’s distribution business, all of the Isle of Man Godfather of Slots’ game intellectual property, the world’s largest and biggest paying progressive jackpot network, and a piece of a variety of exclusive game studios.
By the numbers, Games Global has over 50 partner studios in more than 25 different countries. Among the Studio Partners are Triple Edge (see here), Stormcraft, Slingshot, Gameburger, All41, and Alchemy Studios to name a few.
Who could do such a thing are CEO Walter Bugno, formerly of IGT and Lottomatica, and CFO Tim Mickley, previously of SafeCharge and Playtech along with a C-Suite complement too big to fail and over 1,100 employees worldwide.
Games Global hits the ground running with over 3,000 iconic game titles already under its belt and nearly 1,000 online casinos carrying its products. That is work that could only be handled by titans.
‘Games Global is ready to define the future’
Walter Bugno, CEO of Games Global commented, “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.”
Games Global’s acquisition of Microgaming assets was first announced in November 2021. The firm was launched with private equity capital and no purchase price was revealed.
In early March 2022, Bloomberg reported that the firm was in negotiations with a special purpose acquisition company (SPAC) to go public with a merger valued at $3 billion. The SPAC, Tailwind raised about $345 million in early 2021 with an initial public offering. No further reporting occurred after a letter of intent was purportedly signed, which is most likely what triggered the reporting in March 2022. It’s not likely the deal moved forward as no finalized terms were eventually reported. However, the initial reporting can offer a clue about the current value of the undertaking.
Source: Games Global thunders onto the scene, ushering in a bold new era in iGaming, Games Global Media, May 03, 2022