Meridianbet

Meridianbet CEO Shares Key Insights at Citi 2024 Global TMT Conference

Published

3 months ago

September 6, 2024

meridianbet-ceo-shares-key-insights-at-citi-2024-global-tmt-conference

Citi CEO

NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) — Meridianbet, one of Europe’s oldest and leading global sports betting and iGaming operator and part of Golden Matrix Group (NASDAQ: GMGI) announced that its CEO Zoran Milosevic, participated in the Citi 2024 Global TMT Conference. Milosevic discussed Meridianbet’s strategic growth, highlighting the company’s balanced approach to B2B and B2C operations, as well as its plans for expansion into key emerging markets, including Brazil and South Africa. The panel featured world’s most prominent corporate entities of the entertainment industry.

During his talk, Milosevic emphasized how Meridianbet’s proprietary technology, combined with Golden Matrix Group’s resources, positions the company as a leader in the highly competitive iGaming and sports betting industries.

Key Takeaways from Meridianbet’s CEO Talk:

Meridianbet’s Legacy and Global Presence

Meridianbet has a 25-year history rooted in Europe, now operating in 18 regulated jurisdictions across the globe. With over 1,200 employees, including 100 software developers, Meridianbet delivers innovative gaming experiences through both retail and online platforms, offering 50+ in-house casino games.

Balancing B2B and B2C Operations

Although Meridianbet initially started as a B2B provider, the B2C segment now contributes 85% of the company’s revenue. Meridianbet is preparing a significant upgrade and strategic focus on its B2B segment, which will be formally announced at the upcoming G2E Las Vegas Expo. This effort will reposition Meridianbet as a top-tier provider in the iGaming space, with its advanced B2B platform playing a central role.

Expansion into New Markets

Mr Milosevic discussed the company’s strategic focus on expanding into key new markets, including Brazil and South Africa, leveraging its strong B2B offerings. He pointed out that Meridianbet’s presence in multiple jurisdictions allows it to take advantage of global growth opportunities, particularly as the regulatory landscape evolves.

Maintaining Profitability in a Competitive Industry

Unlike many worldwide competitors relying on raising significant capital to fuel growth, Meridianbet has successfully maintained a focus on profitability by identifying and capitalizing on niche opportunities. “We operate efficiently and focus on strategic markets where we can maintain profitability while still achieving growth,” Milosevic said.

iGaming as the Future of the Industry

Milosevic highlighted that iGaming is experiencing faster growth than traditional sports betting. He noted that younger generations are drawn to fast-paced casino games, which continue to grow at double-digit rates, compared to the single-digit growth in sports betting. “In the future, casino games will look more like video games, resembling the popular formats of today’s gaming industry.”

Global Growth Strategy

Milosevic discussed Meridianbet’s multi-layered approach to growth, including organic expansion, a strong B2B entry strategy, and targeted acquisitions. The company’s expansion into Asia, where 60% of the world’s population resides, is seen as the next major opportunity, driven by a wave of impending regulation in the region.

“As we look ahead, our focus is on securing footholds in emerging markets, with Brazil and Asia as key targets. Our expertise in both B2B and B2C gives us a competitive advantage as we continue to expand.”

For more information about the insight shared during the Citi 2024 Global TMT Conference in New York, visit the Meridianbet Investor relations page at ir.meridianbet.com

European Gaming Congress 2024 (Warsaw, Poland)

About Meridianbet

Founded in 2001, Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 18 jurisdictions across Europe, Africa and South America. The Meridianbet Group’s successful business model utilizes proprietary technology and scalable systems, allowing it to operate in multiple countries and currencies with an omni-channel approach to markets, including retail, desktop online, and mobile. The Company is part of the Golden Matrix Group (Nasdaq: GMGI).

For more information, visit https://ir.meridianbet.com
YouTube – https://www.youtube.com/@MeridianbetIR
Twitter – https://twitter.com/meridianbet_ofc
Email: [email protected]

Meridianbet

Meridianbet Redefines Sports Sponsorship with Europe’s First Emblem Integration Deal with BC Crvena Zvezda

Published

21 hours ago

November 21, 2024

GlobeNewswire

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

Published

1 week ago

November 12, 2024

GamingAmericas.com

golden-matrix-group-inc.-reports-strong-q3-2024-earnings-and-continued-operational-growth

Year-to-Date Revenue up 55% to $105.3 Million Company’s Classics for a Cause Acquisition Successfully Integrated

Golden Matrix Group Inc., a global developer, licensor, and operator of online gaming platforms, today announced strong financial and operational results for the third quarter ended September 30, 2024. The results reflect the Company’s robust growth strategy and expansion efforts across key markets, including the successful acquisition and integration of Classics for a Cause.

Brian Goodman, CEO of Golden Matrix, commented, “Golden Matrix’s Q3 performance demonstrates our commitment and success in building sustainable, long-term growth and strengthening our industry position. Once again, we have delivered strong results across our divisions, supported by strategic acquisitions, platform upgrades, and the expansion of our iGaming portfolio.”

Financial Highlights

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.
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.
AEBITDA: Adjusted EBITDA for Q3 reached $4.3 million, reflecting resilient performance across multiple revenue channels with marginal impacts from currency fluctuations across subsidiaries.
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.

Operational Highlights

Golden Matrix achieved significant milestones during Q3 2024, including:

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.
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.
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.
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.

Zoran Milosevic, CEO of MeridianBet, highlighted the company’s strategic advancements, emphasizing the integration of key acquisitions and the enhancement of their operations with their launch of Meridianbet’s 5th generation platform resulting in what they consider to be the world’s most advanced iGaming technology. He mentioned a commitment to maximizing cost efficiencies and leveraging synergies across their global operations to drive sustainable growth and profits. As Golden Matrix enters the fourth quarter, they are focused on operational efficiency and profitability, positioning themselves for a record performance in 2024.

Meridianbet

Meridianbet Launches AI-Powered “I’m Feeling Lucky” Online Casino Feature, Setting New iGaming Industry Standard

Published

3 weeks ago

November 1, 2024

GlobeNewswire

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