Golden Matrix (US:GMGI) Globenewswire·2025-12-29 23:37Core Insights - Meridianbet has extended its title sponsorship with BC Crvena Zvezda through 2030, marking a significant long-term partnership in European basketball [1][2] - The partnership, which began in January 2023, has seen Meridianbet as the title sponsor and official betting partner, with branding on team jerseys and during home matches [2] - The EuroLeague, where Crvena Zvezda competes, is the top-tier European basketball competition, featuring 20 teams and attracting over 90 million fans globally [3] Company Overview - Meridianbet operates in 18 jurisdictions and is part of Golden Matrix Group Inc., which is publicly traded on NASDAQ [1][6] - The company has a successful business model utilizing proprietary technology and scalable systems, allowing operations across multiple countries and currencies [6][7] - Golden Matrix Group also operates B2B divisions and various B2C operations, including online casinos and competitions [7] Partnership Impact - The renewed agreement includes increased financial commitment and enhanced brand activation initiatives, reflecting Meridianbet's long-term brand-building strategy [2][4] - The partnership has facilitated numerous corporate social responsibility initiatives, including youth basketball development and community outreach [4] - Meridianbet aims to integrate responsible gaming messaging into club communications while supporting grassroots basketball infrastructure [4]