SBC News Voice of the Sports Betting Industry
Golden Matrix Group (GMGI) has announced a record-breaking performance for its wholly owned subsidiary, Meridianbet, in August 2024.
Known for its strong presence in the igaming and sports betting sectors, Meridianbet reportedly reached ‘exceptional growth’ across multiple regions, particularly in its B2C operations.
Brian Goodman, CEO of Golden Matrix Group, commented: “Meridianbet’s August performance is a testament to our consistent and strategic growth strategy as well as our commitment to excellence in both our iGaming and sports betting markets.”
Key Highlights from last month include the operator’s online casino which exceeded the 2024 monthly average by 13%, marking a new record for the platform.
Meanwhile, online sports betting revenue surged by 9% compared to the 2024 monthly average.
“These record-breaking results demonstrate operational strength across multiple regulated markets and further solidify our standing as a global leader specifically in the igaming space,” added Goodman.
“With continued focus on delivering superior experiences to our customers, we are confident that we will maintain this upward trajectory and strong momentum in the coming months.”
Currently operating in 18 regulated jurisdictions across Europe, Africa, and the Americas, GMGI continues to strengthen its position, with Meridianbet demonstrating significant growth and resilience across global markets.
Meridianbet is currently awaiting federal licences in Brazil, a market projected to reach approximately $20bn with a potential player base of 106m by 2025.
The company has secured new licences in Peru, where the igaming industry is valued at USD $1.2bn and growing at 6.4% annually, and in South Africa, where digital gambling revenue is expected to reach $828m in 2024.
Meanwhile, following the completion of its acquisition of Meridianbet, Golden Matrix recently reported that its Q2 accounts achieved group consolidated revenues of $39.4m, which was a 75% increase on Q2 2023 results of $22.6m.
