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 president’s 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
Meridianbet’s 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 Group’s 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]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a52dad1e-c0b9-4ce6-9e61-07fdd3a163a3
Meridianbet
Meridianbet Redefines Sports Sponsorship with Europe’s First Emblem Integration Deal with BC Crvena Zvezda
VALLETTA, Malta, Nov. 21, 2024 (GLOBE NEWSWIRE) — Meridianbet, a global sports betting and gaming brand, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), has advanced its strategic partnership with Euroleague basketball powerhouse Crvena Zvezda.
Building on over two years of collaboration, Meridianbet has achieved a first-of-its-kind branding integration in Serbia and the region by incorporating its logo into the club’s emblem. This innovative sponsorship represents a next-generation business model for sports partnerships, aligning with Meridianbet’s growth trajectory and global market positioning.
Breaking New Ground – Key Facts
- First permanent logo integration in European basketball
- Strong, ongoing partnership with a top-tier Euroleague club
- Strategic amid NBA’s expanding interest in Europe
This partnership is not just a branding milestone but a reflection of Meridianbet’s long-term vision to reshape the future of sports sponsorship. Operating across 18 global markets and supporting over 100 professional and amateur sports clubs, Meridianbet demonstrates a forward-looking approach that integrates its brand into the core identity of its partners, fostering mutual growth and innovation.
Legacy Meets Innovation
This partnership unites two titans: Meridianbet, with 23 years of leadership in digital gaming, and Crvena Zvezda, a basketball dynasty with deep cultural significance for the entire Southeast Europe. As European basketball undergoes transformation and anticipates further global integration, this collaboration exemplifies how traditional sports values can harmonize with cutting-edge business strategies.
By embedding its brand into Crvena Zvezda’s crest, Meridianbet transcends conventional sponsorship, creating a long-term alliance that underscores its commitment to innovation, market leadership, and a shared vision for growth within the rapidly evolving sports landscape.
Group – Wide CSR Statement
Beyond the court, this move highlights Meridianbet’s broader ethos as part of Golden Matrix Group. As outlined in GMGI’s recent Q3 report, the company prioritizes investments in corporate social responsibility (CSR), funding grassroots sports initiatives, supporting youth education programs, and fostering sustainable development. Meridianbet’s sponsorships extend beyond financial transactions, representing a commitment to tangible community impact and long-term partnerships.
This strategic partnership also signals Meridianbet’s growing global ambitions. As part of Golden Matrix Group, the company continues to expand its presence in key markets while reinforcing its reputation as an innovator in sports betting and gaming. With proprietary technology and personalized customer experiences at its core, Meridianbet positions itself as a global leader deeply rooted in the communities it serves.
Crvena Zvezda’s fans, known for their passionate support, now carry a crest that combines legacy with innovation. For Meridianbet, this partnership is more than a branding exercise—it’s a statement of intent, a commitment to shaping the future of sports sponsorship in Serbia and beyond.
A New Era for European Basketball
Crvena Zvezda’s crest, now a blend of tradition and innovation, represents the convergence of two forces driving change in European sports. For Meridianbet, this initiative is not just a sponsorship—it’s a strategic declaration to shape the future of sports partnerships on a global scale.
As part of Golden Matrix Group, Meridianbet continues to expand its global footprint while pioneering next-generation solutions in sports betting and gaming. With proprietary technology and an unwavering commitment to personalized customer experiences, the company remains at the forefront of an industry poised for exponential growth.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, NV, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across multiple international 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.
About Meridianbet
Founded in 2001 and acquired by Golden Matrix in April 2024, Meridianbet Group is a well-established online sports betting and gaming group, licensed and/or currently operating in 17 jurisdictions across Europe, Africa, and South America. Meridianbet’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.
Contact: [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6b32238b-79fd-4bf2-bb5b-d191d8b6e5d3
Brian Goodman CEO of Golden Matrix
Golden Matrix Group Inc. Reports Strong Q3 2024 Earnings and Continued Operational Growth
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Revenue Growth: Q3 2024 consolidated revenue increased by 85% to $41 million, with year-to-date revenue up 55% to $105.3 million, driven by consistent performance across key markets.
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Gross Profit Increase: Gross profit grew 39% in Q3 to $22.4 million, with year-to-date gross profit rising 24% to $61.8 million, reflecting improvements in operational efficiency and product margins.
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AEBITDA: Adjusted EBITDA for Q3 reached $4.3 million, reflecting resilient performance across multiple revenue channels with marginal impacts from currency fluctuations across subsidiaries.
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Balance Sheet Strength: As of September 30, 2024, Golden Matrix maintained a robust financial position with over $38.4 million in cash and equivalents and short-term debt of $17.5 million. Shareholder equity also grew 60% to $94 million, reinforcing the Company’s ability to pursue strategic growth initiatives.
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Meridianbet Strong Growth Continues: Meridianbet’s Q3 revenue grew 16% YoY, led by a 19% online increase and 6% in retail. Deposits rose to $61.9M (+13% QoQ), with new registrations up 23% to 125K. Online casino GGR margin hit 3.37% (+21% turnover), sports betting rose 7.4% YoY with GGR at 9.5%, retail sports GGR at 10.3% (record 14.1% in August), and retail slots up 17.5% YoY.
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Expansion of GMAG Platform: The GMAG B2B aggregator platform saw substantial growth, with wagering volume increasing 84% to $1.4 billion. Enhanced customer retention tools and the addition of high-margin games have driven engagement and profitability.
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Classics for a Cause Acquisition: This newly acquired Australian business added $2.1 million in revenue and $503,000 in EBITDA within two months, expanding Golden Matrix’s market reach and contributing to overall profitability.
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Mexplay Growth: Mexplay, the Company’s online casino in Mexico, reported a 56% increase in active players and a rise in gross gaming revenue to $15 million, underscoring growth potential in Latin America.
Meridianbet
Meridianbet Launches AI-Powered “I’m Feeling Lucky” Online Casino Feature, Setting New iGaming Industry Standard
- Revolutionary feature combines spontaneous game discovery with AI-driven personalization
- Early adoption shows 40% increase in new game exploration
- Projected to drive 15% increase in player lifetime value
- Seamlessly integrated with Meridianbet’s AI Casino Recommender
VALLETTA, Malta, Nov. 01, 2024 (GLOBE NEWSWIRE) — Meridianbet, a leading European online gaming operator and part of the Golden Matrix Group Inc. (NASDAQ:GMGI), announces the launch of its innovative “I’m Feeling Lucky” feature across its global player platform.
This AI-powered feature directly addresses user acquisition costs and retention metrics, two key drivers of profitability in the iGaming sector.
The “I’m Feeling Lucky” feature transforms the online casino experience by offering instant access to expertly curated games based on player preferences and AI-driven recommendations. This innovative solution addresses a common challenge in online gaming – choice overwhelm – while maintaining the excitement of spontaneous discovery.
Advanced AI Integration
Building upon Meridianbet’s recently launched AI Casino Recommender 2.0, the “I’m Feeling Lucky” feature employs sophisticated machine learning algorithms to ensure that even randomized selections align with player preferences.
Key features include:
- Intelligent Game Selection: Games are randomly chosen from a pre-filtered pool based on player preferences and historical data
- Adaptive Learning System: Continuous refinement of recommendations based on player interactions
- Seamless Platform Integration: Consistent functionality across web and mobile platforms
The expected output is:
- An average 25% reduction in customer acquisition costs
- 40% improvement in player retention rates
- Real-time optimization of game offerings based on player behavior
Proven Player Engagement Results
Initial data from beta testing demonstrates exceptional performance:
- 47% increase in game discovery rates
- 35% reduction in time-to-play for new users
- 28% increase in average session duration
- 31% boost in cross-category gameplay exploration
Full Focus on Gaming Experience
The “I’m Feeling Lucky” feature represents Meridianbet’s commitment to innovation in the online gaming space. By combining spontaneity with advanced AI recommendations, the Meridianbet division of the Golden Matrix Group is creating an entirely new way for players to discover and enjoy our extensive game portfolio while significantly improving their overall gaming experience.
About Meridianbet
Established in 2001, Meridianbet, part of the Golden Matrix Group Inc. (NASDAQ:GMGI) portfolio, stands as a leading online sports betting and gaming group. With B2C licenses in 18 jurisdictions across Europe, Africa, and South America, Meridianbet leverages proprietary technology and scalable systems for multi-country and multi-currency operations.
For more information, visit https://ir.meridianbet.com
Twitter – https://twitter.com/meridianbet_ofc
Contact: [email protected]
Disclaimer: Gaming services are subject to legal restrictions in certain jurisdictions. Please verify compliance with local laws and regulations before accessing gaming services.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b057c7c5-29bc-4d73-8ac9-590bd900af14
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