Tag Archives: Golden Matrix

Golden Matrix posts FY2024 loss of $1.5m as new owner of Meridianbet

SBC News Golden Matrix posts FY2024 loss of $1.5m as new owner of Meridianbet

Golden Matrix Group (GMGI) will aggressively expand its online gambling, commercial, and technology services within new and existing markets in 2025, following its corporate transformation. The announcement headlines the Nasdaq iGaming group publishing its full-year 2024 accounts, in which it closed a “pivotal year” for its businesses, completing its acquisition of Meridianbet. Meridianbet changes all GMGI dynamics The group-wide enlargement …

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GMGI eyes rapid expansion of Meridianbet in LatAm and South Africa

SBC News GMGI eyes rapid expansion of Meridianbet in LatAm and South Africa

Golden Matrix Group Inc (GMGI) lauds its new corporate profile, as the Nasdaq online gambling group boosts its portfolio and performance with the integration of Meridianbet assets. Q2 accounts saw GMGI achieve group consolidated revenues of $39.4 million, a 75% increase on Q2 2023 results of $22.6 million. Revenue results top GMGI market guidance, issued in Q2 following the completion …

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Golden Matrix to close MeridianBet takeover no later than Q1 24

Rivalry edging towards profitability with record Q1 revenues

Golden Matrix (GMGI) expects to close its acquisition of MeridianBet Group within the next six months after amending its purchase agreement with the Southeast European betting group for the second time. The Las Vegas-based gaming and ecommerce developer and operator projects that the takeover of B2C betting group MeridianBet will be concluded in either Q3 2023 or the first quarter …

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Golden Matrix secures revised terms to MeridianBet takeover

Golden Matrix secures revised terms to MeridianBet takeover

Golden Matrix Group Inc (GMGI) has signed an amended and restated purchase agreement, to settle terms of its acquisition of MeridianBet.  The deal reduces the purchase payment made by GMGI to MerdianBet for the acquisition of the group,a Malta-based B2C betting and gaming operator active in Europe, Africa and Latin America. Specifically, the cash required to be paid by GMGI …

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