Golden Matrix (GMGI)

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Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Newsfile· 2025-03-13 12:23
Group 1 - Meridianbet has officially launched its B2B operations in Nigeria, entering a regulated $2 billion betting market [1][5] - The company has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority, allowing operations in sports betting and online casino verticals [1][5] - Meridianbet's entry into Nigeria strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets [1][5] Group 2 - Golden Matrix Group, Inc. (NASDAQ: GMGI) projects FY 2024 revenue of approximately $150 million, with full financial results expected soon [5] - The company utilizes AI-powered betting innovations and market expansion strategies to position itself for long-term success in Nigeria's gaming industry [5] - Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America [4]
Meridianbet Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
GlobeNewswire News Room· 2025-03-13 11:51
Core Insights - Meridianbet has officially launched its B2B operations in Nigeria, enhancing its presence in one of Africa's largest and fastest-growing betting markets [1][3] - The Nigerian betting market is valued at over $2 billion, with projections indicating potential growth to $4.7 billion in annual revenue over the next decade [5] Company Expansion - Meridianbet has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority through its local entity, Masterlive Network Limited, allowing operations in sports betting and online casino [2] - The launch of Meridianbet.ng is part of a strategic expansion into Nigeria, which is seen as a significant opportunity for the company's B2B model [3][4] Market Potential - Over 60 million Nigerians are actively participating in betting, contributing to the rapid growth of the industry [3] - Football is identified as the primary driver of market growth, with a vast customer base engaging in both online and offline betting [5] Financial Outlook - Golden Matrix Group anticipates a preliminary full-year 2024 revenue estimate of $150 million, indicating continued growth [4] - The Nigerian market is aligned with GMGI's global strategy to strengthen its presence in high-growth gaming markets [4] Technological Innovation - Meridianbet is introducing AI-powered betting solutions, including an AI Sports Betting Recommender and AI Casino Recommender, to enhance customer engagement and satisfaction [8] - These innovations are expected to deliver personalized betting experiences based on real-time data and predictive analytics [8] Company Background - Founded in 2001, Meridianbet operates in 18 markets across Europe, Africa, and Latin America, establishing itself as a leading technology provider and betting operator [9] - The company has a strong omnichannel presence, including retail, online desktop, and mobile gaming [9]
Expanse (GMGI) Submits Application for iGaming License in Romania
Newsfile· 2025-03-11 12:08
Core Insights - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has applied for a Class 2 iGaming license in Romania to expand its B2B content distribution in the regulated market [1][6] - The Romanian iGaming market is projected to reach $2.2 billion in 2025, indicating significant growth potential and strategic importance for Expanse Studios' expansion efforts [6] Company Overview - Expanse Studios, founded in 2017, is a leading B2B iGaming content provider specializing in high-quality slots, crash games, table games, and gamified casino experiences [4] - The company has a portfolio of over 55 proprietary games, delivering market-adapted content for regulated markets, sweepstakes platforms, and social casinos globally [4] Market Context - The application for the iGaming license follows Expanse Studios' rapid expansion in the U.S., where its content is now available in over 40 states through partnerships in sweepstakes and social casinos [6]
Meridianbet (GMGI) Executes 258 CSR Actions in 2024, Launches Global Book Donation Campaign to Support Culture and Education
Newsfile· 2025-03-07 13:49
Core Insights - Meridianbet executed 258 Corporate Social Responsibility (CSR) initiatives in 2024, focusing on healthcare, education, responsible gambling, and environmental sustainability across Europe, Africa, and Latin America [1][6] - The Meridianbet Foundation launched a global book donation campaign in February 2025, distributing thousands of books to underfunded libraries to promote culture and lifelong learning [6] - The introduction of the Meridian Donate Button and Scan & Help features simplified the donation process, ensuring efficient support for communities in need [6] Company Overview - Meridianbet Group, founded in 2001, is a well-established online sports betting and gaming group operating in 18 jurisdictions across Europe, Africa, and South America [4] - The company utilizes proprietary technology and scalable systems, allowing it to operate in multiple countries and currencies with an omni-channel approach [4] - Meridianbet is part of the Golden Matrix Group (NASDAQ: GMGI), which operates both B2B and B2C gaming technology across various international markets [7]
Institutional Confidence in Golden Matrix Group (GMGI) Soars in Q4 2024
Newsfile· 2025-03-03 21:00
Group 1 - Institutional ownership of Golden Matrix Group, Inc. (GMGI) saw a significant increase in Q4 2024 compared to Q3 2024, indicating strengthened institutional support [1][7] - Major institutional investors such as BlackRock and Vanguard increased their positions in GMGI during Q4 2024 [7] - New institutional investors, including Squarepoint Ops LLC and SG Americas Securities, LLC, acquired stakes in GMGI, with thirteen institutions expanding their positions [7] Group 2 - Golden Matrix Group is a B2B and B2C gaming technology company based in Las Vegas, NV, operating across multiple international markets [4] - The B2B division of Golden Matrix develops and licenses proprietary gaming platforms, while its B2C operations provide sports betting and gaming services in 19 regulated jurisdictions globally [4] - The company is committed to delivering cutting-edge technology and innovation to its clients and customers [4]
Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration, Now Live with Yotta
Newsfile· 2025-02-28 13:34
Core Insights - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has launched its gaming content on Yotta, marking its fifth U.S. sweepstakes casino integration [1][6] - Yotta operates in 46 U.S. states and has a player base exceeding 900,000 users, enhancing Expanse's presence in the U.S. social casino market [1][6] - The integration includes Expanse's proprietary portfolio of slots, crash games, and table games, indicating a strategic focus on proprietary content and B2B growth [1][6] Company Overview - Expanse Studios is a leading B2B iGaming content provider, specializing in high-quality slots, crash games, and table games [4] - The studio boasts a portfolio of over 50 proprietary games and is recognized for delivering premium gaming content across regulated markets and social casinos [4]
Expanse Studios (GMGI) Completes 4th U.S. Sweepstakes Integration
Newsfile· 2025-02-25 13:47
Core Insights - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has completed its fourth major integration in the U.S. sweepstakes market, enhancing its presence across over 40 states [1][6] - The latest partnership with Casimba Gaming expands Expanse Studios' third-party distribution strategy, allowing its proprietary games to reach a wider network of regulated sweepstakes operators [1][6] Company Overview - Expanse Studios is a leading B2B iGaming content provider, specializing in high-quality slots, crash games, and table games, with a portfolio of over 50 proprietary games [4] - The studio is recognized for delivering premium gaming content across regulated markets, sweepstakes platforms, and social casinos [4]
Golden Matrix (GMGI) Ready for Super Bowl LIX with 900+ AI-Powered Lines & Prop Bets
Newsfile· 2025-02-09 22:07
Core Insights - Golden Matrix Group (GMGI) is setting a new record for Super Bowl LVIII with over 900 AI-powered betting options, marking the most extensive wagering options in the industry [1][4] - Meridianbet, a subsidiary of GMGI, has introduced an AI Sports Betting Recommender that personalizes the betting experience by analyzing player behavior and past wagers to suggest tailored betting options [1][4] - The betting options for Super Bowl LVIII include innovative features such as Scorigami, MVP position, shirt number totals, and the unique Empty Bet feature, which allows users to create custom wagers [1][4]
Meridianbet Ready for Super Bowl LIX Record with with 900+ AI-Powered Lines & Prop Bets
Newsfilter· 2025-02-09 21:14
Over 880 unique betting options now available, surpassing last year's record-breaking offerPhiladelphia Eagles hold a 1.5-point spread advantage over the Kansas City Chiefs, with Eagles as -120 moneyline favoritesExclusive betting options include Scorigami, first coach to call a challenge, longest pass completion, jersey number props, and much moreMeridianbet's Empty Bet feature allows users to wager on custom bets, offering unparalleled flexibilityExtensive NCAA March Madness coverage—with more than 500 be ...
Meridianbet Ready for Super Bowl LIX Record with with 900+ AI-Powered Lines & Prop Bets
GlobeNewswire News Room· 2025-02-09 21:14
Over 880 unique betting options now available, surpassing last year’s record-breaking offerPhiladelphia Eagles hold a 1.5-point spread advantage over the Kansas City Chiefs, with Eagles as -120 moneyline favoritesExclusive betting options include Scorigami, first coach to call a challenge, longest pass completion, jersey number props, and much moreMeridianbet’s Empty Bet feature allows users to wager on custom bets, offering unparalleled flexibilityExtensive NCAA March Madness coverage—with more than 500 be ...