Tag Archives: 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 …

MeridianBet has received full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA), enabling it to take a step further in its African expansion plans. Tapping into Nigeria’s £1.5bn betting industry, the operator will now supply its offerings to players in the country via the company’s newly licensed local operation – Masterlive Network Limited. The move follows 20 …

Meridianbet has officially launched in Nigeria following a partnership with Masterslive Network.  The move builds on its success in other African markets such as Tanzania and South Africa. Nigeria’s betting industry is one of the largest in Africa, with an estimated market value exceeding $2bn in 2023. A report from Statista suggests nearly 60 million Nigerians, primarily aged between 18 …

Golden Matrix Group (GMGI) has surpassed $100 million in corporate revenues for the year, underscoring its successful integration of MeridianBet. Publishing its Q3 trading statement, the Nasdaq-listed global online gambling group registered consolidated revenues of $41 million (+85%). For the year-to-date, GMGI revenues increased to $105 million, driven by the continued growth of MeridianBet and GMGI tech services. As detailed, …

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 …

The SBC Summit  in Lisbon will place a spotlight on leadership’s view of the evolving dynamics and makeup of African gambling markets. William Scott, Chairman of Golden Matrix Group (GMGI), believes that there is no doubt that African markets will grow in significance for Western operators. As such, Western stakeholders must respect the regulatory frameworks, which are at different stages …

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 …

Meridianbet has announced that it has been named the title sponsor of the Maltese FA Cup. Now officially rebranded as the Meridianbet FA Trophy, the deal aims to underscore the operator’s commitment to supporting local clubs and enhancing the football community in Malta, with an emphasis on ‘promoting national pride and unity’. Stefan Pavlovic, Director of Meridian Gaming Ltd, commented: …

Meridianbet has announced a partnership with Cypriot football team FC AEL Limassol.  Described as the biggest sponsorship agreement in Cypriot football, Meridianbet’s branding will be seen on the front of the team’s shirts. The deal also aims to underscore the operator’s decades-long local presence and support for paramount sports in the region. Chrysothemi Valanidou, CEO of Meridianbet Cyprus, said: “We …

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 …