Meridianbet
Meridianbet (GMGI) Becomes Title Sponsor of the Maltese FA Trophy
VALLETTA, Malta, Aug. 02, 2024 (GLOBE NEWSWIRE) — Meridianbet, a well-established online sports betting and gaming group operating in 18 jurisdictions worldwide and part of Golden Matrix Group (NASDAQ: GMGI), is proud to announce it has become the title sponsor of the FA Trophy, the Maltese FA Cup. This prestigious partnership reflects Meridianbet’s mission to support local clubs and strengthen the football community in Malta, fostering national pride and unity.
The Maltese FA Cup competition, now officially known as the Meridianbet FA Trophy, will see Meridianbet’s extensive experience and community-focused approach supporting both amateur and professional football in Malta. This three-year deal signifies a continued commitment from Meridianbet to support the sports culture in Malta, aligning perfectly with their longstanding presence and dedication to the community.
Stefan Pavlovic, Director of Meridian Gaming Ltd (Meridianbet Malta), expressed his enthusiasm about the sponsorship deal, stating, “We are thrilled to partner with the Malta Football Association as the title sponsor of the Maltese FA Cup. With our 17-year presence in Malta, we have consistently strived to give back to the community. This sponsorship not only supports the growth of football at all levels but also reinforces our ongoing initiatives.”
Malta FA President Bjorn Vassallo, concluded, “The Maltese FA is committed to growing and improving the game of football and the people in it at all levels. Our partnership with Meridianbet, a company with a deep-rooted presence in Malta, is an ideal fit as we strive to inspire people, achieve high standards, and embrace a sporting culture. Together, we aim to foster positive social change and champion national pride.”
Decades – Long Community Engagement in Malta
This partnership extends beyond the football pitch. Meridianbet has been actively involved in various community initiatives, demonstrating its commitment to Malta’s social fabric. The company recently launched the “Meridianbet Betting Awareness” initiative in collaboration with the Responsible Gaming Foundation, focusing on promoting safe gambling practices and supporting individuals affected by gambling addiction, but also securing the integrity of the sports matches offered.
In line with its community engagement efforts, the company has also shown support for environmental conservation. Meridianbet recently backed the Malta Ranger Unit, contributing to local ecosystem preservation and sustainability promotion. These initiatives highlight the company’s holistic approach to corporate responsibility in Malta.
The sports betting operator’s engagement with the local business community was further demonstrated through its participation in a corporate Padel tournament, competing alongside industry peers. This event showcased Meridianbet’s commitment to fostering positive relationships within the Maltese business ecosystem.
As Meridianbet embarks on this exciting partnership with the Maltese FA Trophy, it reaffirms its commitment to Malta’s sporting landscape and broader community. This collaboration is a testament to Meridianbet’s holistic approach – championing sports excellence, fostering responsible gaming practices, and supporting environmental initiatives. By intertwining its business goals with community welfare, Meridianbet continues to solidify its role as a responsible corporate citizen, deeply invested in Malta’s social and cultural fabric.
About Meridianbet
Established in 2001, Meridianbet Group has grown into a prominent player in the online sports betting and gaming industry. With operations spanning 18 jurisdictions across Europe, Africa, and South America, the company has built a robust global presence. As a part of Golden Matrix Group (NASDAQ: GMGI), Meridianbet leverages cutting-edge proprietary technology to offer a seamless, multi-currency betting and iGaming experience across retail, desktop, and mobile platforms.
Meridianbet’s operations in Malta, encompassing both B2C and B2B operations, fully align with its globally successful business model as it utilizes proprietary technology and scalable systems.
For further information, please visit:
ir.meridianbet.com
x.com/meridianbet_ofc
www.youtube.com/@MeridianbetIR
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f106640a-fd97-4965-87d5-7f263f126f55
Golden Matrix Group, Inc. (Nasdaq: GMGI) is pleased to announce that its subsidiary Meridianbet has received formal notice from Brazil’s Ministry of Finance, through its Secretariat of Prizes and Betting (SPA) division, that it may proceed with the licensing process to operate in the country. This critical milestone affirms Meridianbet’s compliance with Brazil’s regulatory requirements and marks a significant step toward entering one of the world’s most promising gaming markets.
The notice enables the company to move forward with paying the licensing fee and submitting additional documentation, including proof of certification.
Meridianbet has already allocated the necessary funds to finalize the licensing payment and will now move forward with fulfilling all conditions to ensure its place on the list of licensed operators authorized to serve Brazilian customers beginning January 1, 2025.
“We are thrilled to be moving forward with an operating license in Brazil and are committed to swiftly meeting the final requirements set forth by the government,” said Brian Goodman, CEO of Golden Matrix Group. “The Brazilian market represents an extraordinary growth opportunity and a key milestone in our global expansion strategy. We are confident that entering the Brazilian market will lead to2025 being a transformational year for the company as we establish a strong presence in one of three most dynamic global growth markets. This milestone reinforces our strategy of entering regions with high growth potential while continuing to deliver gaming experiences that set new quality standards for the industry.”
Golden Matrix is committed to maintaining the highest standards of compliance and innovation, and intends to strengthen its presence in Brazil over the near and long term while continuing to deliver value to its stakeholders.
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.
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