Tag Archives: Golden Matrix Group

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 …

Developer of igaming products Golden Matrix Group (GMGI) has announced that it has agreed to take on an indirect 80% controlling interest in Australian company Classics for a Cause Pty Ltd (CFAC).  An online discount platform, CFAC will help GMGI with its venture into the consumer loyalty and rewards industry that will additionally support the latter’s gaming and sports betting …

Golden Matrix Group Inc (GMGI) has underscored its corporate transformation, boosted by the acquisition of MeridianBet Group, a deal completed in April 2024. The Nasdaq-listed technology group issued a ‘preliminary notice’, forecasting its corporate revenues to top $39m for Q2 trading (period ending 30 June). Of significance, period trading saw GMGI align MeridianBet’s financial results with its fiscal calendar, reporting …

Online gaming platform Golden Matrix Group has published its financial performance after acquiring Meridianbet. The company’s pro forma financial statements were filed with the US Securities and Exchange Commission (SEC).  According to the statements, Golden Matrix’s pro forma combined financial results for the fiscal 2023 showed total revenue of $137.17m, with a gross margin of 56.95%.  The pro forma combined …

Dealmakers of the $300m acquisition of Meridian Bet Group by Golden Matrix Group (GMGI) expect the deal to be closed by the end of Q1 2024 trading. First announced on 12 January 2023, the deal’s forthcoming closure was detailed by the management of Meridian Bet via the publishing of a ‘corporate progress and pending acquisition report’. Following several amendments, Meridian …