LAS VEGAS, July 01, 2024 (GLOBE NEWSWIRE) — Expanse Studios, iGaming development studio and part of the Golden Matrix Group (NASDAQ: GMGI) is thrilled to announce a new strategic partnership with Betika, Kenya’s leading online gaming company.

This collaboration, facilitated by our alliance with Casimba Casino, will further increase Expanse Studios’ iGaming experience across Africa, tapping into Betika’s extensive operations across multiple countries including Kenya, Tanzania, Ethiopia, and Nigeria.

This partnership will transform the iGaming landscape in Kenya by delivering Expanse Studios’ diverse portfolio directly to Kenyan iGaming enthusiasts. With Betika’s robust presence in the region, players in Kenya—and extending to Tanzania, Ethiopia, and Nigeria—will now have access to Expanse’s top-tier slot games, innovative crash games, classic card games, and our uniquely gamified turn-based strategy games.

Damjan Stamenkovic, CEO of Expanse Studios, expressed excitement about this new venture, stating, “Partnering with Betika not only expands our footprint in the vibrant and rapidly growing African iGaming market but also aligns perfectly with our mission to deliver superior gaming product through constant innovation.”

Kenya’s iGaming Market: A Hub of Growth and Opportunity

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According to Statista, Kenya’s iGaming market is poised for substantial growth, with online gambling revenues expected to hit €92.44m in 2024 and forecasted to grow at a CAGR of 6.25%, reaching approximately €117.80m by 2028. The online casinos segment alone is anticipated to generate €51.60m in 2024, demonstrating significant market potential.

Moreover, Kenya is distinguished by its high internet penetration rate of 40.8%, predominantly mobile, which enhances access to online gaming platforms. With an expected user base of 366.0k by 2028 and a robust projected ARPU of €312.60, the partnership strategically positions Expanse Studios to tap into this burgeoning market.

Kenya’s vibrant gambling market ranks third in Sub-Saharan Africa and is notable for its youthful demographic. Young Kenyans are increasingly engaged in online gambling, spending significantly more than their counterparts in other African nations.

Partnership Tailored for a Young, Tech-Savvy Audience

By aligning with Betika, Expanse Studios not only capitalizes on Kenya’s dynamic market conditions but also ensures that its innovative gaming solutions are ideally positioned to meet the demands of a diverse and growing player base. This strategic initiative underscores our commitment to expanding our global footprint while enhancing shareholder value through targeted market penetration and sustained growth in emerging iGaming landscapes.

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About Betika

Betika is Kenya’s foremost sports betting platform and a Pan-African leader in gaming. It offers an extensive array of products, including sports betting, casino games, virtual games, and e-sports betting. Betika is committed to responsible gaming and aims to positively impact communities through technology and innovation. With operations spread across Kenya, Tanzania, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Zambia, and DRC, Betika’s vision is to be the leading Pan African sports betting and gaming brand.

About Expanse Studios

Founded in 2017, Expanse Studios is already a trailblazer in the online gaming industry. With a relentless focus on innovation, Expanse merges old-school motifs with state-of-the-art design in iGaming, captivating soundtracks, and immersive animations. The studio has developed an impressive array of more than 50 games, all tailored to offer a seamless mobile-first experience. Their strategic partnerships span across various operators and aggregators, making their games available in over 20 of the most widely spoken languages, catering to a diverse global audience. Expanse Studios is part of the Golden Matrix Group (Nasdaq: GMGI).

For more information, to make additional queries, and to appoint a meeting with the Studio’s team, contact:

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www.expanse.studio

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f38f63eb-89c2-4406-9e62-e266301e398a

LAS VEGAS and BELGRADE, Serbia, June 03, 2024 (GLOBE NEWSWIRE) — Expanse Studios, a subsidiary of Golden Matrix Group Inc. (Nasdaq: GMGI), is thrilled to announce Super Heli, a revolutionary helicopter adventure is currently one of the most sought–after new game in Southeast Europe’s iGaming market.

Namely, the game is featured prominently on the homepage of Mozzart, one of Southeast Europe’s leading operators with extensive market coverage, within a Top 3 position.

This innovative slot game continues to transform traditional gameplay dynamics by offering players a unique, thrilling experience with multiple betting options in a single round, quickly becoming the most sought-after new game in the region’s iGaming market.

Redefining Slot Gaming with Advanced Features

From the Day 1, Super Heli stands out in the crowded market with its novel gameplay mechanics that allow players to place three distinct bets within one round, providing unmatched control and enhancing the excitement of every spin. With a generous return to player (RTP) rate of 97%, Super Heli not only promises great entertainment but also increases the chances for players to achieve significant wins.

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Key Features

• Dynamic Gaming Experience: Integrates classic slot elements with innovative twists, such as scatters and wild symbols alongside modern, engaging features.
• Maximum Gaming Layout: Features 5 reels, 4 rows, and 100 paylines, ensuring that each spin is packed with action and potential for high rewards.
• Simplified Enjoyment: Focuses on pure slot action, steering clear of complicated bonuses or free spins to cater to traditional slot lovers.
• Volatility and Big Wins: Unique symbol arrangements increase volatility and the potential for larger average wins, adding to the thrill of each bet.
• Multiple Jackpots: Offers players the chance to win one of three standard jackpots, enhancing the excitement and potential rewards.
• Gamble Feature: Provides an additional layer of excitement for players who are willing to take a risk to potentially double their winnings.

Strategic Impact

The launch of Super Heli is part of Expanse Studios’ ongoing strategy to innovate within the iGaming sector and expand its market reach. This new game underscores the company’s commitment to developing unique gaming solutions that attract a broad audience and solidify its position in the market. This is another in Expanse Studios’ and Golden Matrix’s efforts to enhance their portfolio and deliver consistent, high-quality gaming experiences that drive engagement and growth.

About Expanse Studios

Founded in 2017, Expanse Studios has rapidly established itself as a key player in the iGaming industry, dedicated to innovation and quality in game development. As part of Golden Matrix Group, Expanse Studios leverages cutting-edge technology to create engaging and profitable gaming solutions that resonate with a global audience.

For more information about Super Heli or to experience the game, visit Expanse Studios’ website or contact [email protected].

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Photos accompanying this announcement are available at:

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LAS VEGAS and VALLETTA, Malta, May 30, 2024 (GLOBE NEWSWIRE) — Expanse Studios, a pioneering iGaming brand and a subsidiary of Golden Matrix Group Inc. (Nasdaq: GMGI), is set to make a significant impact at SiGMA Asia, the leading gaming and tech event in Manila, Philippines.

From June 2 to June 5, 2024, Expanse Studios will welcome visitors at Booth BR601, showcasing its latest innovations in casino game development, so visitors will be able to experience the future of iGaming.

Asia’s Premier Gaming Conference

SiGMA Asia 2024 is the heartbeat of the gaming industry in Asia, bringing together over 20,000 delegates, including top government officials, seasoned C-level executives, and major influencers. The event is renowned for spearheading change and setting industry benchmarks, offering an unparalleled platform for networking and business growth.

Strategic Impact on Investor Relations

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Participation in SiGMA Asia underscores the strategic importance of Expanse Studios within the Golden Matrix portfolio, highlighting its role in strengthening GMGI’s B2B segment and reducing dependency on third-party suppliers. This presence not only showcases Expanse Studios’ capabilities but also reaffirms GMGI’s commitment to innovation and self-reliance, enhancing investor confidence and showcasing the company’s long-term growth potential in the competitive iGaming landscape.

What Expanse Studios Offers

At the core of Expanse Studios’ participation is its dynamic range of gaming products, which include:

• Classic Slots: Combining traditional gameplay with modern visuals
• Crash Games: Offering fast-paced, engaging experiences
• Turn-Based Strategy Games: Merging strategic depth with iGaming fun
• Traditional Card Games: Bringing classic table games to digital platforms

Each game is designed with cutting-edge graphics, immersive animations, and user-friendly mechanics, ensuring that Expanse Studios remains at the forefront of technology and player engagement.

About Expanse Studios

Founded in 2017, Expanse Studios has quickly established itself as a leader in the game development of the iGaming industry. With a focus on innovation, Expanse merges classic motifs with advanced design techniques, creating games that are both captivating and highly functional. Expanse Studios develops its extensive game portfolio to offer a seamless mobile-first experience, ensuring broad accessibility and appeal.

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About Golden Matrix

Golden Matrix Group, headquartered in Las Vegas NV, is a prominent B2B and B2C gaming technology company that operates across multiple international markets. GMGI not only develops and licenses proprietary gaming platforms but also manages MEXPLAY, a regulated online casino in Mexico, RKings, a high-volume eCommerce site for competitions in authorized markets and Meridianbet, the B2B and B2C sports betting and online casino operator operating in Europe, Africa and Americas.

For more information or to schedule a meeting during SiGMA Asia, visit www.expanse.studio or contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e5cda711-068b-4229-b30d-4162fb62ac6b

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