Tag Archives: NASDAQ

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 …

Read More »

Gambling.com sets high 2025 targets as M&A drive accelerates value 

SBC News Gambling.com sets high 2025 targets as M&A drive accelerates value 

Gambling.com Group has reiterated its financial targets  for 2025, carrying confidence from record results achieved in 2024.  The online gaming affiliate group revealed revenue of 17% to $127.1m (2023: $108.6m) white adjusted EBITDA was up 33% to $48.7m ($36.7m) with a margin of 38% (34%). A transformative year for the Nasdaq media group, which ended with the company joining a …

Read More »

Nasdaq warns Codere Online of audit liabilities ahead of January probe

Codere Online

Codere Online must address its urgent corporate liabilities to maintain its status as a Nasdaq-listed enterprise. The warning comes as the Global Nasdaq Exchange notified markets that, on 20 December, Marcum LLP had resigned as the independent auditor of Codere Online, a company that has yet to file its corporate accounts for the year ending 31 December 2023. Marcum resigned …

Read More »

Codere Online stands firm against Nasdaq delisting

Codere Online

Codere Online has received a warning from the Nasdaq Exchange regarding the potential delisting of its securities. Nasdaq cited Codere Online’s failure to meet its listing obligations, specifically its inability to file a Form 20-F providing corporate accounts for the year ending 31 December 2023. This constitutes a violation of Nasdaq’s Listing Rule 5250. As a result, Codere has been …

Read More »

Gambling.com outperforms market-&-corporate expectations to elevate 2024 landing

SBC News Gambling.com outperforms market-&-corporate expectations to elevate 2024 landing

Gambling.com has once again raised its full-year 2024 guidance, reinforcing confidence in meeting its commercial and operational targets. The upgrade follows record-breaking Q3 results, with the Nasdaq-listed iGaming media group posting $32m in revenue, a 37% increase from the $23.5m in Q3 2023. During the quarter, Gambling.com’s media network delivered over 116,000 new depositing customers (NDCs) to clients, a 35% …

Read More »

Gambling.com ups 2024 earnings target on high Q2 activity

SBC News Gambling.com ups 2024 earnings target on high Q2 activity

Gambling.com Group has upgraded its full-year 2024 guidance, following the highest commercial activity recorded by its media network. The global Nasdaq-listed media group published its Q2 2024 accounts, in which it delivered 108,000 (+18%) new depositing customers (NDCs) to its iGaming clients. Notably, the KPI on NDCs outperformed year-on-year comparatives, which had benefitted from an “atypically strong growth in U.S. …

Read More »

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 …

Read More »

Codere Online at risk of Nasdaq expulsion

Codere Online

Codere Online has informed the Securities and Exchange Commission (SEC) that it risks expulsion from the US Global Nasdaq index. On May 20, the company received a warning letter from the Nasdaq Stock Market for not submitting its 2023 accounts on time. As a result, Codere Online does not meet the standard requirements to continue trading on the US stock …

Read More »