Golden Matrix (US:GMGI) Globenewswire·2026-02-23 09:07Core Insights - Expanse Studios has officially launched its proprietary game portfolio in the Belgian regulated market, marking a significant step in its international distribution strategy [1][2] Company Overview - Expanse Studios is a B2B iGaming content provider under Golden Matrix Group Inc., specializing in various gaming formats including slots and table games, with a portfolio of 56 proprietary titles [5] - Golden Matrix Group operates globally through B2B and B2C divisions, including various online gaming platforms and competitions [6] Market Context - The Belgian online casino segment generated €455 million in gross gaming revenue (GGR) in 2023, reflecting a 20.2% year-over-year increase, indicating a robust market for online gaming [3] Strategic Drivers - Belgium is a key market for Expanse Studios due to its strict regulatory framework and high digital adoption, facilitating a transition from licensing to a revenue growth phase [4] - The launch includes over 60 certified titles tailored to meet the compliance standards of the Belgian Gaming Commission [7] - Expanse Studios achieves 100% vertical integration in Belgium by leveraging its internal B+ license, maximizing revenue-per-spin and eliminating third-party fees [7] - The integration of AI Casino Recommender technology allows for real-time analysis of player behavior, enhancing player retention and lifetime value [7] - Expanse Studios benefits from a concentrated market where 10 operators control 94% of wagers, positioning itself advantageously on the Meridianbet.be platform [7]