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77 Brand Capital Score

A weighted composite of this company’s brand-capital drivers, 0 to 100.

80Brand equityThe brand as a durable commercial asset, 0 to 100.
-0.5MomentumThe change in the score since it was last derived.
74Financial strengthBalance-sheet and earnings strength, 0 to 100.
0SignalsPublished market signals that name this company.
B2B supplierPioneer RNG & Platform Provider

Microgaming

Current signalLegacy Risk, IPO Still Shelved

The read

Microgaming is the original iGaming software company, founded in 1994 and responsible for many industry firsts including the first online casino software. Today it operates as a platform provider and content aggregator via its Quickfire distribution network.

What is on this page

The public read on Microgaming. What it scores, what that score is built from, and where it sits against its shortlist. Every one of the 46 companies here is read the same way.

What a review adds

The free read stops at the position. A review adds the forward view: where value is leaking, what closing it is worth, and the moves in order. It is scored from Microgaming’s own evidence, and you get it within 48 hours of asking.

The position

Where Microgaming’s value sits

What the name is carrying, and the figures this company is tracked on.

The Brand Capital Score is 0 to 100. It is a weighted composite of the 7 drivers below. Every company on the board is scored on the same basis. What it answers: how much of this company’s worth is built by its brand and its customers, rather than bought each quarter.

Microgaming scores 77, brand equity 80. That is 8th of 62 suppliers, never the whole market, because a buyer shortlists three to five names. It is a position, not a grade.

Brand-capital position

Brand equity paradox: Microgaming has the highest name recognition of any iGaming B2B company among industry veterans, but the lowest relevance score among operators under 10 years old. This is a brand capital decay scenario, equity was built in a different era and is not being renewed.

What is being tracked
  • Distribution business and games portfolio sold to Games Global in 2022; Games Global's NYSE IPO (filed at a $16 to 19 range) was withdrawn in May 2024 on market conditions and has not been refiled as of Jul 2026
  • Quickfire platform aggregates 800+ third-party studios
  • Live casino via Evolution Group partnership
  • Progressive jackpot network among the largest in the sector
Peter Nikashin, Enterprise Value Architect
Peter Nikashin,
Enterprise Value Architect
▲ Reading Microgaming

Microgaming’s brand is worth more than its numbers currently show. That gap is pricing power nobody is charging for.

I grow your brand, your customers, and the money both return.

Your budget buys activity. I turn it into things that build over time: the price you can hold, the customers who stay, and what a buyer will pay for the business. Every move is specific, in order, and tied to a number.

Explore the system →

Every quarter you wait, the gap compounds.

The read in numbers

Microgaming against the board

Four views of one company — what the score is built from, how much of it is brand, who it is weighed against and which way it is moving. Hover any figure for what it means.

The driver scorecard
Market penetration 76
Product depth 74
Financial strength 74
Brand equity 80
Commercial momentum 68
Regulatory standing 82
Tech 80
Brand equity in rust.

The 7 things the composite is built from, each scored 0 to 100 on the same basis as every other company on the board.

Why it matters

A single composite hides where the value actually sits. Two companies scoring 70 can be entirely different businesses, and the difference is what a buyer pays for.

Strongest on Regulatory standing, weakest on Commercial momentum. Brand equity sits at 80, and that is the driver that keeps paying after a good quarter ends.

Brand equity against the composite
77 Composite 80 Brand equity
050100
+3points ahead of the composite
Brand is carrying this score.

Both figures on one 0 to 100 axis. The banded distance between the two marks is the whole point of the chart.

Why it matters

Revenue can be bought with discounting; brand equity cannot. When brand sits below the composite the business is running on terms it has to keep re-earning, and that shows up in the multiple long before it shows up in the revenue line.

Brand equity leads the composite by 3. The name is worth more than the numbers currently show, which is a pricing opportunity.

The nearest peers
Light & Wonder 82
NetEnt / Red Tiger 79
Microgaming 77
EveryMatrix 76
SOFTSWISS 75
OpenBet / Endeavor 74
This company in rust.

The five companies scored closest to this one, ranked by composite.

Why it matters

Nobody is evaluated against the whole market. A buyer builds a shortlist of three to five comparable names, and these are the ones that would sit on it.

Within this set the spread is 8 points, so the composite alone will not separate them. Whatever decides the shortlist happens on the drivers underneath.

Momentum against the cohort
Microgaming -0.5
Cohort median +1.4
Centre line is no change.

This company's score change beside the median change across its side of the board. The centre line is no movement.

Why it matters

Direction beats level over a holding period. A company gaining on a flat field is compounding a position; one sliding while the field rises is losing ground twice.

Moving at -0.5 against a cohort median of +1.4. Losing ground relative to the field even before the absolute change is read.

The next step on Microgaming

Request an in-depth company review

The review, the diagnostic and the market-data forecast: what the company is worth today, where the value is leaking, and what the next four quarters look like if nothing changes.

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