Meridianbet
Meridianbet Expands Its Global Political Betting Offer Amid US Regulatory Shifts
LAS VEGAS and VALETTA, Malta, May 14, 2024 (GLOBE NEWSWIRE) — Meridianbet, a prominent global sports betting and iGaming operator and a part of the Golden Matrix Inc. Group (Nasdaq: GMGI), continues its commitment to offering extensive political betting options amid significant regulatory developments in the USA.
With over 15 years of experience in political betting, Meridianbet continues to set industry benchmarks with its innovative offerings and extensive market reach.
Over 15 years of pioneering political betting
- Tradition of Excellence: For over 15 years, Meridianbet, a part of the Golden Matrix Inc. Group (Nasdaq: GMGI), has been offering bets on the outcomes of political elections
- Wide Range of Markets: Their betting portfolio includes elections in the USA, the UK, France, Spain, Italy, Germany, and the countries of Southeast Europe
- Extensive Odds: Meridianbet provides an extensive range of odds, offering between 500 and 1000 different options per political event.
Focus on US Presidential Elections
Meridianbet’s current focus is on the USA elections, where they offer hundreds of betting options. Customers can place bets on a wide array of outcomes, including:
- The new presidentâs name
- The winning party
- Election results by state
- Popular vote winner and more
This comprehensive offering ensures that bettors have numerous ways to engage with the political process, making Meridianbet a leader in this niche market.
A Proactive and Compliant Approach
Amid the latest news from the USA, where the Commodity Futures Trading Commission (CFTC) has moved to ban event contracts tied to political outcomes to avoid putting the futures exchange “in the role of an election cop” ahead of a crucial election in November, Meridianbet continues to solidify its unique market position.
Unlike others, Meridianbet excels at offering betting on political and other non-sports events, setting itself apart in the market.
Extensive Event and Odds Offerings
Meridianbet is a market leader, offering an impressive array of betting options:
- Pre-match Sporting Events: With some 58,000 pre-match sporting events across 46 sports per month, bettors have a vast selection to choose from
- Live Betting Opportunities: Each month, nearly 53,257 live betting opportunities provide customers with continuous engagement
- In 2023, Meridianbet offered a total of 681,084 matches, including 361,931 in real sports, setting a new industry benchmark.
Innovative Feature: The Empty Bet
One of Meridianbet’s standout features is the Empty Bet, which allows customers unparalleled customization:
- Customization at its Best: The Empty Bet feature allows customers to submit their own unique wager ideas, as long as they meet legal, ethical, and industry standards
- Global Reach: This feature is available to players worldwide, both online and in Meridianbet’s retail network of around 700 shops across Europe, the Americas, and Africa.
Meridianbet offers political betting within the broader framework of Empty Bets, offering a level of customization and engagement that is unparalleled in the industry. This feature distinguishes Meridianbet from other betting platforms and provides bettors with a unique and engaging experience.
Disclaimer
Meridianbetâs offer is restricted subject to legal, regulatory, and licensing restrictions by respective national jurisdictions.
About Meridianbet
Founded in 2001, the Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 20 jurisdictions across Europe, Africa and South America. The Groupâs successful business model is underpinned by the use of proprietary technology and a scalable system allowing it to operate in multiple countries and currencies and an omni-channel approach to markets, including retail, desktop online and mobile. For more information, visit https://ir.meridianbet.com.
Meridianbet is part of the Golden Matrix Group, based in Las Vegas, Nevada, (NASDAQ: GMGI) is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets.
Contact: [email protected]Â
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a52dad1e-c0b9-4ce6-9e61-07fdd3a163a3
NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) — Meridianbet, one of Europeâs oldest and leading global sports betting and iGaming operator and part of Golden Matrix Group (NASDAQ: GMGI) announced that its CEO Zoran Milosevic, participated in the Citi 2024 Global TMT Conference. Milosevic discussed Meridianbetâs strategic growth, highlighting the companyâs balanced approach to B2B and B2C operations, as well as its plans for expansion into key emerging markets, including Brazil and South Africa. The panel featured worldâs most prominent corporate entities of the entertainment industry.
During his talk, Milosevic emphasized how Meridianbetâs proprietary technology, combined with Golden Matrix Groupâs resources, positions the company as a leader in the highly competitive iGaming and sports betting industries.
Key Takeaways from Meridianbetâs CEO Talk:
- Meridianbetâs Legacy and Global Presence
Meridianbet has a 25-year history rooted in Europe, now operating in 18 regulated jurisdictions across the globe. With over 1,200 employees, including 100 software developers, Meridianbet delivers innovative gaming experiences through both retail and online platforms, offering 50+ in-house casino games.
- Balancing B2B and B2C Operations
Although Meridianbet initially started as a B2B provider, the B2C segment now contributes 85% of the companyâs revenue. Meridianbet is preparing a significant upgrade and strategic focus on its B2B segment, which will be formally announced at the upcoming G2E Las Vegas Expo. This effort will reposition Meridianbet as a top-tier provider in the iGaming space, with its advanced B2B platform playing a central role.
- Expansion into New Markets
Mr Milosevic discussed the companyâs strategic focus on expanding into key new markets, including Brazil and South Africa, leveraging its strong B2B offerings. He pointed out that Meridianbetâs presence in multiple jurisdictions allows it to take advantage of global growth opportunities, particularly as the regulatory landscape evolves.
- Maintaining Profitability in a Competitive Industry
Unlike many worldwide competitors relying on raising significant capital to fuel growth, Meridianbet has successfully maintained a focus on profitability by identifying and capitalizing on niche opportunities. “We operate efficiently and focus on strategic markets where we can maintain profitability while still achieving growth,” Milosevic said.
- iGaming as the Future of the Industry
Milosevic highlighted that iGaming is experiencing faster growth than traditional sports betting. He noted that younger generations are drawn to fast-paced casino games, which continue to grow at double-digit rates, compared to the single-digit growth in sports betting. “In the future, casino games will look more like video games, resembling the popular formats of todayâs gaming industry.”
- Global Growth Strategy
Milosevic discussed Meridianbetâs multi-layered approach to growth, including organic expansion, a strong B2B entry strategy, and targeted acquisitions. The companyâs expansion into Asia, where 60% of the worldâs population resides, is seen as the next major opportunity, driven by a wave of impending regulation in the region.
“As we look ahead, our focus is on securing footholds in emerging markets, with Brazil and Asia as key targets. Our expertise in both B2B and B2C gives us a competitive advantage as we continue to expand.”
For more information about the insight shared during the Citi 2024 Global TMT Conference in New York, visit the Meridianbet Investor relations page at ir.meridianbet.com
About Meridianbet
Founded in 2001, Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 18 jurisdictions across Europe, Africa and South America. The Meridianbet Group’s successful business model utilizes proprietary technology and scalable systems, allowing it to operate in multiple countries and currencies with an omni-channel approach to markets, including retail, desktop online, and mobile. The Company is part of the Golden Matrix Group (Nasdaq: GMGI).
For more information, visit https://ir.meridianbet.com
YouTube – https://www.youtube.com/@MeridianbetIR
Twitter – https://twitter.com/meridianbet_ofc
Email: [email protected]Â
GMGI
Golden Matrix Group Provides Update on Entering U.S. Market and Expansion into Additional European Markets
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Golden Matrix Group announced that the Company is progressing in its efforts to expand its market presence, particularly with its anticipated entry into the U.S. iGaming market. The Company, through its subsidiary Expanse Studios, which specializes in the production and distribution of iGaming content, is currently in the process of applying for the New Jersey Casino Service Industry Enterprise license.
GMGI has initiated discussions with several licensed gaming operators in New Jersey. Once the licensing process is finalized and the necessary approvals are obtained, the Company plans to serve as a B2B provider of its proprietary Expanse Studios iGaming content to fully regulated and licensed online casino and sportsbook operators in the state of New Jersey.
The Company intends to build on its U.S. presence by applying for additional licenses and servicing operator agreements in states where iGaming has been regulated.
Additionally, GMGIâs wholly owned Expanse Studios division has secured an iGaming license for the Bulgarian market and is actively pursuing licenses in Croatia and Romania, key markets that will further expand Expanse Studiosâ European footprint.
Critical to its long-term growth strategy, GMGI, through its recently acquired subsidiary Meridianbet, is also focused on implementing its brand in other key markets, including Brazil, Peru, and South Africa.
As one of the select global operators with a pending federal license in Brazil, Meridianbet will be uniquely positioned to access Brazilâs substantial market, which is projected to grow to approximately $20 billion with a potential player base of 106 million by 2025 (Next.io, 2024). Based on current timelines, the licensing process in Brazil is expected to be completed by the end of December 2024, positioning Meridianbet as one of the companies likely to operate in the rapidly expanding market going forward.
Meridianbet, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), announced that it has been shortlisted for an exclusive sports betting and iGaming license in Brazil.
The application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators who will be part of one of the most anticipated market launches in the global sports betting and iGaming industry.
The window for prioritized license applications in Brazil closed on August 20, 2024, with a total of 113 operators submitting their applications ahead of the deadline.
By securing its place in this priority group, Meridianbet has ensured that its license will be processed by January 1, 2025, which is the forecasted launch date for Brazilâs legal sports betting and iGaming market.
Meridianbetâs inclusion on this exclusive list underscores its status as one of the key players in the global gaming industry. With Brazil poised to become one of the worldâs largest gaming markets, this license represents a significant opportunity for Meridianbet and Golden Matrix Group.
Meridianbetâs application includes both sports betting and iGaming (online casino) under Brazilâs comprehensive licensing regime, making it one of the few operators positioned to offer a full suite of gaming experiences to Brazilian players. The Brazilian gambling industry is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association (IBIA).
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