Connect with us
Prague Gaming & TECH Summit 2024

Meridianbet

MeridianBet to Showcase New Games at ICE London Amid a Robust 55% Online Casino Growth in FY2023

Published

on

meridianbet-to-showcase-new-games-at-ice-london-amid-a-robust-55%-online-casino-growth-in-fy2023
  • The Group’s subsidiary Expanse Studios to showcase three new games at ICE London 2024
  • Online casino revenue surges by 55% in FY2023, supported by 833,000 new registrants across 15 global B2B and B2C platforms
  • The MeridianBet Group is being acquired by Golden Matrix Group, Inc. (NASDAQ: GMGI), with completion expected by late March 2024

VALETTA, Malta and LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) — The MeridianBet Group (Meridian), one of the world’s leading sports betting and gaming groups, operating in multiple markets across Europe, Africa and Latin America, announced today that Expanse Studios, Group’s dedicated subsidiary specializing in online casino game development, will be featuring its three latest game releases at ICE London 2024 (February 6-8).

GMGI Meridianbet (1)

According to Meridian CEO, Zoran Milosevic, Expanse Studios’ three new exciting games – Leprechaun Wish, Shaolin Crew and Pinata Loca – “represent the cutting edge of casino entertainment and bring a new dimension to online gaming, offering an array of features and benefits that will be extremely popular with casino operators and their players. We are excited to be highlighting these games at one of the largest gaming conferences in the world, and expect them to be very well-received.”

The MeridianBet Group is now being acquired by the Golden Matrix Group, Inc. (NASDAQ: GMGI), with the transaction expected to close in late March 2024.

“Mr. Milosevic added that Meridian’s online casino full-year revenue surged by an impressive 55% in 2023, underpinned by the substantial addition of 833,000 new registrants across the company’s extensive network of 15 B2B and B2C platforms operating worldwide.”

“We are pleased with Meridian’s continued profitable growth and expansion, as we become a much larger enterprise within an outstanding public gaming company,” said Mr. Milosevic. “It comes at an opportune time when new legalized jurisdictions are opening up globally, and we have applied for licenses in several of the world’s largest and best gaming markets. We are confident that the transition into a combined company with Golden Matrix will go smoothly, lead to improved operational and financial efficiencies, and create exceptional long-term value for our many stakeholders.”

About MeridianBet Group

Advertisement

Founded in 2001, the MeridianBet Group is a well-established online sports betting and gaming group, licensed and currently operating in 15 jurisdictions across Europe, Africa and South America. The MeridianBet Group’s successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omni-channel approach to markets, including retail, desktop online and mobile. For more information, visit https://ir.meridianbet.com.

About Golden Matrix

Golden Matrix Group, Inc. (NASDAQ: GMGI), based in Las Vegas NV, is an established business-to-business (B2B) and business-to-consumer (B2C) gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary 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. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.

Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.

Connect with us:

Advertisement

The MeridianBet Group
Contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f3762bf-473b-421e-b215-32e2b74aac65

Continue Reading
Advertisement

Golden Matrix

Golden Matrix Provides Corporate Update on Pending (MeridianBet) Acquisition

Published

on

golden-matrix-provides-corporate-update-on-pending-(meridianbet)-acquisition

 

Golden Matrix Group, Inc., a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today provided a corporate update on its pending acquisition of MeridianBet Group, one of Southeast Europe’s leading business-to-consumer (B2C) sports betting and gaming groups, with headquarters in Malta, operating in multiple markets across Europe, Africa and Latin America.

As previously reported, on September 27, 2023, the Company and the owners of MeridianBet entered into a First Amendment to Amended and Restated Purchase Agreement, pursuant to which GMGI had agreed to acquire the MeridianBet Group and its related companies. Among the various amendments to the prior agreement as set forth in the 1st amendment (as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on September 28, 2023), the prior agreement was amended: 1) to extend the required closing date thereof; and 2) to modify financial closing terms of the previously announced definitive agreement.

The modification to the financial closing terms allows for the use of up to $20 million of cash-on-hand of MeridianBet Group to pay a portion of the $30 million cash payable by Golden Matrix at the closing of the transaction, to the extent approved in the sole discretion of the sellers.

Subsequently, on September 29, 2023, Golden Matrix filed a Current Report on Form 8-K, disclosing excerpts from certain presentations used by GMGI in connection with the funding sought by Golden Matrix to close the transaction.

Advertisement

“These recent filings reinforce the importance of this strategic acquisition, and demonstrate both companies’ willingness and ability to close the transaction,” said GMGI CEO, Anthony Brian Goodman, who continued, “The amendment allowing GMGI and the sellers to use up to $20 million of the MeridianBet Group’s cash-on-hand at closing (subject to the sole discretion of the sellers), not only provides the Company with potential greater flexibility on financing, but we believe also demonstrates the sellers’ confidence in the value of creating a combined entity capable of being greater than the sum of its parts.”

Mr. Goodman noted that the MeridianBet Group has increased its year-to-date revenues considerably against last year’s revenues; and the proforma performance of the combined company, following the acquisition, is now projected to be approximately $132 million in revenues and $27 million in Adjusted EBITDA, for the October 31, 2023 fiscal year.

“Both MeridianBet Group CEO, Zoran Milosevic, and I are confident that the completion of this acquisition will drive long-term value for all our stakeholders as we seek to benefit from economies of scale and both companies’ historical revenue and profit growth. We are also working closely with our bankers in an effort to raise the most beneficial financing available for the transaction,” concluded Mr. Goodman.

Golden Matrix expects to file the required proxy statement requesting shareholder approval for the issuance of the shares of common stock issuable in connection with the transaction, and other matters, with the SEC for shareholder approval very soon.

The acquisition is expected to close in the fourth quarter of 2023 or first quarter of 2024, subject to customary conditions to closing including, but not limited to GMGI shareholder approval, and Nasdaq approval, to the extent required, and other items.

Advertisement

For additional information regarding the purchase agreement, as amended, and the terms of the 1st amendment, including a breakdown of all of the consideration payable thereunder, please refer to Golden Matrix’s Current Report on Form 8-K, which was filed with the Securities and Exchange Commission on September 28, 2023 and is available at www.sec.gov

Continue Reading

Meridianbet

Meridianbet Official Sponsor of FK Sarajevo, Strengthening the Investments in Southeast European Football

Published

on

meridianbet-official-sponsor-of-fk-sarajevo,-strengthening-the-investments-in-southeast-european-football

VALETTA, Malta and SARAJEVO, Bosnia and Herzegovina, Sept. 08, 2023 (GLOBE NEWSWIRE) — The Meridianbet Group, known not only for delivering world-class entertainment but also for its profound commitment to social responsibility and community engagement, has taken a significant step in reinforcing its support for sports, particularly in Southeast Europe.

Today, Meridian proudly announced its sponsorship of FK Sarajevo, a football club with a storied history and a prospective future. Founded in 1946, their illustrious achievements include being crowned champions of former Yugoslavia twice, securing the title of Bosnia and Herzegovina champions five times, winning the Bosnia and Herzegovina Cup seven times, and clinching the Bosnia and Herzegovina Super Cup once.

This sponsorship further underscores Meridian’s commitment to promoting and uplifting sports on a global scale. The partnership with FK Sarajevo, Bosnia and Herzegovina’s most popular clubs, showcases Meridianbet’s dedicated efforts to back teams filled with ambition, talent, and a rich history.

Meridianbet’s community investment in Bosnia and Herzegovina is decades-long. The company has recently won the special charity auction to buy a signed Edin Džeko national team jersey to raise donations to support children with spinal muscular atrophy in Southeast Europe. The project intends to gather funds from supporters, businesses, and investors to help families financially with the costly treatments associated with SMA.

Meridianbet’s International Sponsorship Footprint

Advertisement

Meridian’s sports sponsorship horizon is vast and varied. As a leading global betting partner, the brand supports over 30 amateur and professional clubs worldwide, providing not only financial aid, but also essential sports and technical equipment.

In Southeast Europe, the brand is official sponsor of KK Crvena zvezda, Turkish Airlines Euroleague participant.

The brand remains a driving force behind various humanitarian tournaments and competitions, all channeled towards helping children faced with life-threatening and rare diseases.

As a testimony to its global influence, Meridian sponsors more than 30 premier football, basketball, and other sports teams and associations worldwide.

Cultivating Talent and Upholding Excellence

Advertisement

Beyond its sports-centric endeavors in both amateur and professional sports, Meridian is committed to shaping the future. Over the past two years, Meridian has awarded scholarships to a plethora of students and subsequently provided opportunities to these bright young minds. They’ve been at the forefront of developing advanced solutions in sectors like artificial intelligence, big data, and digital marketing.

Recognized for their unwavering commitment to best business practices, Meridianbet has, since 2020, held the prestigious ICC – WCF SME Certificate from the World Federation of Chambers of Commerce (ICC-WCF).

This accolade proudly positions Meridian amongst the top 900 most reputable companies in the EU.

Corporate Communications and Queries

Founded in 2001, Meridianbet is a well-established online sports betting and gaming group, licensed and operating in more than 15 jurisdictions across Europe, Africa, and South America. The company employs over 1,500 professionals and is committed to providing entertainment for players and shared opportunities for communities, employees, and shareholders. With a primary focus on sports betting, the company also offers various casino and fixed-odds games, operating exclusively in regulated markets.

Advertisement

For more information, to make additional queries with the Company, contact:

Meridian Gaming Ltd.

Lyons Range 20, Office No 3, Bisazza Street, Sliema, Malta

Further information on MeridianBet Group can be found at www.ir.meridianbet.com

Twitter – https://twitter.com/meridianbet_ofc

Advertisement

Contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/23fff6ae-ecd9-4fa6-b59f-be321a8ea610

Continue Reading

Meridianbet

Meridianbet Becomes Official Sponsor of the Football Association of Montenegro (FSCG)

Published

on

meridianbet-becomes-official-sponsor-of-the-football-association-of-montenegro-(fscg)

PODGORICA, Montenegro and VALETTA, Malta, June 20, 2023 (GLOBE NEWSWIRE) — In an uplifting development for Montenegrin football, the Football Association of Montenegro (FSCG) and the country’s as well the region’s leading sports betting operator – Meridianbet, have announced an elevated level of partnership, making Meridianbet an official sponsor of the country’s FA.

The sponsorship agreement, signed in the House of Football by Dejan Savićević, President of the Football Association of Montenegro and the European football legend, and Jovana Klisić, Executive Director of Meridianbet Montenegro, will run through to the end of 2024. This represents an advancement in a collaboration that began last year, when Meridianbet started sponsoring the First Montenegrin Football League.

On this occasion, Savićević expressed his delight with the extended collaboration. “We are immensely honored to have the support of Meridianbet, a company with regional and international credibility,” he said. “We are glad that Meridianbet recognized the mutual benefits of this partnership, which we look forward to taking to even greater heights.”

He further praised the timing of this agreement, emphasizing the significance of the upcoming period for the “brave falcons.” He stated, “With Meridianbet on board, the FA and our ‘falcons’ have gained a top collaborator and teammate. The following years will prove the value of this partnership.”

Echoing the optimism, Jovana Klisić highlighted the importance of Meridianbet’s cooperation with FSCG. “The signing of this contract marks a major leap forward, paving the way for a prosperous partnership,” she noted. “As a company recognized as a leader in sports betting and gaming throughout the Southeast Europe, this sponsorship will massively improve the quality of Montenegrin football as well as our reputation for being the region’s top sports sponsor.”

Advertisement

Meridianbet will be present at all official competitions, including domestic leagues and national teams, while also aiding in the development of infrastructure, sports facilities, and youth programs. “Our goal is to contribute to the growth of Montenegrin football and to build a strong foundation for future successes together,” Klisić concluded.

Both Meridianbet and FSCG are eagerly anticipating their journey towards shared success, increased popularity of football in Montenegro, and the achievement of common goals in light of the country’s ongoing EURO 2024 qualifying campaign.

About Meridianbet

Founded in 2001, Meridianbet is a well-established online sports betting and gaming group, licensed and operating in more than 15 jurisdictions across Europe, Africa, and South America. The company employs over 1,500 professionals and is committed to providing entertainment for players and shared opportunities for communities, employees, and shareholders. With a primary focus on sports betting, the company also offers various casino and fixed-odds games, operating exclusively in regulated markets.

For more information, to make additional queries with the Company, contact:

Advertisement

Meridian Gaming Ltd.

Lyons Range 20, Office No 3, Bisazza Street, Sliema, Malta

Further information on Meridianbet Group can be found at www.ir.meridianbet.com

Twitter – https://twitter.com/meridianbet_ofc

Contact: [email protected]

Advertisement

About FSCG

The Football Association of Montenegro (FSCG) is the governing body of football in Montenegro. It organizes and oversees football development at all levels, from youth to professional leagues, including the national teams.

For more information, visit fscg.me

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/69505484-4ff9-4941-9837-fe222551cd30

Advertisement
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania