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Expanse Studios (GMGI) Obtains Croatian iGaming Certification
GlobeNewswire News Room· 2025-07-01 12:57
Core Insights - Expanse Studios, a division of Golden Matrix Group Inc., has received certification for its game Super Heli from Croatia's Ministry of Finance, marking a significant entry into the Croatian market [1][2] - The Croatian gambling market generated US$484.70 million in 2024, with a projected CAGR of 8.4% from 2024 to 2030, indicating strong growth potential for B2B gaming suppliers [2][3] - The certification enhances Expanse Studios' European presence, allowing it to leverage its portfolio of 56 proprietary titles and over 500 B2B partners to capture market share in the EU [3][4] Market Opportunity - Croatia's Online Casinos segment is projected to reach US$218.10 million in 2024, contributing to the overall gambling market expected to reach €720.42 million by 2025 [2][3] - The regulatory framework in Croatia favors established B2B providers, creating high barriers to entry for new competitors and positioning certified suppliers like Expanse as essential partners for operators [4] Company Overview - Golden Matrix Group is a B2B and B2C gaming technology company based in Las Vegas, operating across multiple international markets and developing proprietary gaming platforms [5] - Expanse Studios, founded in 2017, specializes in B2B iGaming content, offering a diverse portfolio of 55 proprietary games tailored for regulated markets [6]