VALLETTA, Malta and LAS VEGAS, Dec. 01, 2025 (GLOBE NEWSWIRE) — Expanse Studios, a B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has been granted a Class 2 license by Romania’s National Gambling Office (ONJN), authorizing the company to distribute specialized gaming software across one of Europe’s fastest-growing regulated markets.

The license, granted under Decision No. 273, enables Expanse Studios to provide its portfolio of proprietary slot games, crash games, and casino content to licensed Romanian operators. This approval positions the company to serve a market that generated approximately €600 million in gross gaming revenue in 2024 and maintains one of Europe’s highest channelization rates at over 90%.

Strategic Entry into High-Growth Regulated Market

Romania represents one of Eastern Europe’s most dynamic iGaming jurisdictions, with internet penetration reaching 88% of its 19 million population and a regulatory framework that has attracted over 50 licensed operators. The market has demonstrated consistent growth, with total industry turnover exceeding €2 billion in 2023, reflecting a 15% year-over-year increase.

The Class 2 B2B license allows Expanse Studios to distribute content to Romania’s licensed B2C operators without establishing a Romanian entity or paying Romanian corporate taxes, while providing access to a market where mobile gaming dominates and player engagement continues to accelerate.

Romania’s stringent licensing requirements under Government Emergency Ordinance 77/2009 make ONJN approval a significant credential for B2B providers. The regulatory framework emphasizes technical compliance, player protection, and operational transparency—requirements that align with Expanse Studios’ existing European operations across 1,300+ casino brands.

“Securing ONJN approval validates our technical capabilities and regulatory compliance standards in one of Europe’s most demanding jurisdictions,” said Damjan Stamenkovic, CEO of Expanse Studios. “Romania offers substantial distribution opportunities through licensed operators serving a tech-savvy player base with strong engagement metrics. This license strengthens our European B2B footprint and demonstrates our ability to meet the compliance requirements of mature regulated markets.”

Expanding B2B Distribution Infrastructure

The Romanian license complements Expanse Studios’ recent European partnerships, reflecting accelerating demand for the company’s content across regulated jurisdictions. With 56 proprietary titles including Super Heli, Titan Roulette, and Wild Icy Fruits, Expanse continues scaling its high-margin B2B operations across Europe, Latin America, and North America.

Romania’s market characteristics—including preference for mobile platforms, strong affinity for slot content, and established payment infrastructure—align well with Expanse Studios’ content portfolio and distribution model. The company’s games will be available to Romanian operators seeking certified, compliant content for their licensed platforms.

This license approval reinforces Golden Matrix Group’s broader strategy of expanding regulated B2B operations in jurisdictions with transparent licensing frameworks and sustainable growth trajectories.

About Expanse Studios

Expanse Studios, part of the Golden Matrix Group (NASDAQ: GMGI), is a B2B iGaming content provider specializing in slots, crash games, turn-based strategies, and card games. With a growing portfolio of 56 proprietary titles, Expanse powers over 1,300 casino brands across Europe, LATAM, and North America.

Learn more at expanse.studio.

About Golden Matrix

Golden Matrix Group Inc. (NASDAQ: GMGI), based in Las Vegas, is a gaming technology company operating globally through B2B divisions (GMAG, Expanse Studios) that develop and license proprietary platforms, and B2C operations including RKings (UK competitions), Mexplay (Mexico online casino), Classics (Australian – based subscription and loyalty business) and Meridianbet—a leading sportsbook licensed in 18 jurisdictions across Europe, Africa, and South America. Learn more at goldenmatrix.com.

Contact: [email protected]

LAS VEGAS, Nov. 29, 2025 (GLOBE NEWSWIRE) — Expanse Studios, an online casino content developer and a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), Expanse Studios, a next-generation B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced a new strategic content distribution agreement with MerkurXtip, Southeast European-based gaming operator and member of the globally recognized Merkur Group (formerly Gauselmann Group).

The agreement marks a new chapter in Expanse Studios’ expansion across regulated European markets and strengthens GMGI’s broader B2B strategy. It will see Expanse’s most successful titles—Super Heli, Titan Roulette, Wild Icy Fruits, 100 Super Icy and others—integrated into MerkurXtip’s online and land-based network through Bragg Gaming aggregation platform.

This partnership marks another milestone in Expanse Studios’ ongoing European expansion strategy and reflects Golden Matrix Group’s broader vision of scaling its high-margin B2B operations. The expansion across highly regulated European markets demonstrates Expanse’s dedication to providing engaging, region-specific gaming content via strong distribution partnerships.

“MerkurXtip is a respected and innovative operator in the European gaming ecosystem. This deal confirms the rising demand for our high-performing, localized content, and we’re proud to expand our reach with such a strong partner. Our focus remains on driving growth through quality content and scalable B2B distribution models,” said Damjan Stamenkovic, CEO of Expanse Studios.

Nenad Aleksić, Head of Online at MerkurXtip, added: “We’re committed to offering the best content to our players, both online and in retail. Expanse Studios brings fresh and dynamic games that align with our vision of constant innovation. We expect this collaboration to deliver exceptional added value on both ends.”

About Expanse Studios

Expanse Studios, part of the Golden Matrix Group (NASDAQ: GMGI), is a B2B iGaming content provider specializing in slots, crash games, turn-based strategies, and card games. With a growing portfolio of 56 proprietary titles, Expanse powers over 1,300 casino brands across Europe, LATAM, and North America. The studio distributes content for real-money gaming, alternative casino formats, and social platforms.

Learn more at expanse.studio.

About Merkur XTip

MerkurXtip is a regulated gaming and betting operator offering both online and retail services, with a network of over 100 shops throughout Southeast European markets. The company is part of the internationally recognized Merkur Group (formerly Gauselmann Group), a long-standing leader in the development and distribution of games, entertainment systems, and gaming technology.

About Golden Matrix

Golden Matrix Group (NASDAQ: GMGI), based in Las Vegas, is a gaming technology company operating globally through B2B divisions (GMAG, Expanse Studios) that develop and license proprietary platforms, and B2C operations including RKings (UK competitions), Mexplay (Mexico online casino), and Meridianbet—a leading sportsbook licensed in 18 jurisdictions across Europe, Africa, and South America. Learn more at www.goldenmatrix.com.

Contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/01c09e2e-ea4f-4929-a9e8-617c0a62abb1

LAS VEGAS, Nov. 28, 2025 (GLOBE NEWSWIRE) — Expanse Studios, the B2B iGaming content development arm of Golden Matrix Group Inc. (NASDAQ: GMGI), has signed a strategic European content partnership with AdmiralBet, a betting and gaming operator and member of the global Novomatic Group.

The collaboration enables AdmiralBet to integrate and distribute a portfolio of Expanse Studios’ top-performing proprietary titles, including Super Heli, Titan Roulette, 100 Super Icy, and Wild Icy Fruits, across its online platforms.

This partnership marks another milestone in Expanse Studios’ ongoing European expansion strategy and reflects Golden Matrix Group’s broader vision of scaling its high-margin B2B operations across various tightly regulated, tech-driven markets, and especially Expanse’s commitment to delivering innovative, localized content through robust distribution frameworks.

“Partnering with Admiral Bet, a highly respected operator in one of the most competitive and well-regulated markets in Europe, is very important news for us,” said Damjan Stamenkovic, CEO of Expanse Studios. “This collaboration underscores our European-wide momentum and our ability to deliver engaging, top-performing content through scalable B2B integrations. We continue to prioritize regulated growth and long-term value creation.”

About Expanse Studios

Expanse Studios, part of the Golden Matrix Group (NASDAQ: GMGI), is a B2B iGaming content provider specializing in slots, crash games, turn-based strategies, and card games. With a growing portfolio of 56 proprietary titles, Expanse powers over 1,300 casino brands across Europe, LATAM, and North America.

Learn more at expanse.studio.

About Admiral Bet

AdmiralBet is a sports betting and gaming company operating in Serbia and the Southeast Europe. The company is part of the Novomatic Group, which employs more than 21,000 people in over 45 countries. AdmiralBet operates a network of gaming venues and online platforms across the region.

About Golden Matrix

Golden Matrix Group, based in Las Vegas, NV, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division (GMAG, Expanse Studios) develops and licenses proprietary gaming platforms to an extensive list of clients, while its B2C division operates RKings Competitions, a high-volume eCommerce site enabling end users to enter paid-for competitions. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. Meridianbet, founded in 2001 and acquired by Golden Matrix in 2024, is a leading online sports betting and gaming operator, licensed in multiple jurisdictions across Europe, Africa, and South America.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f3c740b-b867-417d-9983-691a870f8cd6