Press Releases

Playtech BGT Sports and Betfred sign SSBT extension

Published

6 years ago

on

January 16, 2020

By

Zoltan Tundik

Long-term deal reflects key role in UK retail’s revitalisation

Playtech BGT Sports (PBS), the market-leading provider of omni-channel sports betting solutions, has extended its long-term partnership to supply self-service betting terminals (SSBTs) to Betfred.

The contract, which now runs until the end of December 2021, will continue to cover the operator’s high street shops throughout the UK.

The extension of the successful partnership reflects the growing customer demand for PBS’ award-winning SSBTs, which have bucked the trend in retail sports betting to produce double digit growth year-on-year.

A host of exciting new content and unique features will ensure they deliver the latest sporting events and information direct to shop customers, alongside thousands of pre-match and in-play betting opportunities.

With Betfred customers able to enjoy more live action, comprehensive stats and a wider range of betting markets than ever, Lee Drabwell, Regional Manager UK, ROI, Belgium and Italy at Playtech BGT Sports, said:

“We’re delighted to be extending our deal with Betfred and look forward to continuing to deliver the latest sporting events and information directly to their customers’ fingertips via our award-winning SSBTs.

“With an action-packed summer of football ahead, we’re confident that 2020 will prove to be another record-breaking year for PBS as we deliver the most modern, digitised, in-shop user experience available on the market.”

Mark Stebbings, Group Chief Operating Officer at Betfred Group added:

“Self-service betting has quickly become an integral part of our retail estate’s offering and we’re thrilled to be extending our agreement with PBS through to 2021.

“Our partnership with them means we can continue to provide our customers with an increasing number of excellent in-shop betting options via PBS’ SSBTs; all proven to drive footfall and incremental revenue.”

PBS is set to unveil its latest innovative products and features designed to boost both customer engagement and revenue for retail operators at next month’s ICE 2020.

To view PBS’ complete armoury of engaging content and customer-friendly tools, visit Playtech BGT Sports on stand N6-140 at London’s ExCeL conference centre.

1-for-12 reverse split

Golden Matrix Group to Rebrand as Meridian Holdings Inc, Aligning Corporate Identity with Flagship Meridianbet Brand

Published

33 minutes ago

on

February 26, 2026

By

Wladimir P.

Golden Matrix Group (NASDAQ: GMGI) has officially announced a transformative corporate rebrand to Meridian Holdings Inc., effective March 3, 2026. The strategic move aligns the holding company’s identity with its flagship global betting brand, Meridianbet.

The company will also change its Nasdaq ticker symbol from GMGI to MRDN, reinforcing the new corporate identity as it enters its next growth phase.

Strategic Alignment with Meridianbet Brand

Meridianbet has long served as the operational backbone and most internationally recognized brand within the group’s portfolio. By adopting the Meridian Holdings name, the company aims to unify its corporate structure under the brand most familiar to partners, regulators, and players worldwide.

The rebranding signals:

A streamlined global identity
Clearer brand alignment across markets
Stronger recognition in regulated gaming jurisdictions
Simplified investor communication

As Meridianbet continues expanding across international markets, the corporate name now directly reflects the group’s dominant revenue engine.

Reverse Stock Split to Optimize Capital Structure

Alongside the name change, the company’s Board of Directors approved a 1-for-12 reverse stock split of its common stock.

Key details include:

Effective Date: March 3, 2026 (12:01 AM ET)
New Ticker Symbol: MRDN
New CUSIP: 381098409
Split Ratio: 1-for-12

The reverse stock split will:

Reduce outstanding shares from 151,692,749 to 12,641,062
Reduce authorized shares from 300,000,000 to 25,000,000
Increase the nominal share price proportionally

According to company leadership, the consolidation is designed to ensure compliance with Nasdaq Listing Rule 5550(a)(2) minimum bid requirements and to strengthen the company’s capital markets positioning.

The reverse split was approved by the board in accordance with Nevada Revised Statutes, without requiring shareholder approval.

Capital Markets Strategy and Institutional Positioning

Company executives described the reverse stock split as a strategic optimization of the capital structure. By consolidating shares, Meridian Holdings aims to:

Enhance institutional investor appeal
Align with public gaming industry benchmarks
Improve liquidity perception
Support long-term shareholder value creation

The restructuring allows leadership to focus on executing growth initiatives across its online gaming and betting platforms while maintaining Nasdaq compliance.

What This Means for Investors and the Gaming Sector

The rebrand and capital restructuring signal several broader strategic themes:

Brand-Centric Corporate Identity
Aligning the holding company name with Meridianbet strengthens brand equity and global recognition.
Regulatory and Market Readiness
The streamlined share structure enhances credibility in public markets.
Institutional Accessibility
A higher nominal share price may attract broader institutional participation.
Growth-Focused Execution
With compliance concerns addressed, management can prioritize expansion and operational scaling.

As Meridian Holdings Inc. begins trading under ticker MRDN, the company positions itself as a more consolidated, brand-driven, and capital-efficient international gaming operator.

What is a reverse stock?

https://www.nasdaq.com/articles/what-is-a-reverse-stock-split-and-how-does-it-work

This article explains reverse stock splits and market implications, providing context similar to Meridian Holdings’ restructuring announcement.

The post Golden Matrix Group to Rebrand as Meridian Holdings Inc, Aligning Corporate Identity with Flagship Meridianbet Brand appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Latest News

QTech Games partners with Wicked to add more magic to its premier platform

Published

9 hours ago

on

February 26, 2026

By

Wladimir P.

QTech Games partners with Wicked to add more magic to its premier platform , Wicked Games has gone live with QTech Games, bringing its full portfolio of high-volatility slot titles to operators connected to QTech’s leading aggregation platform for emerging markets.

Under the agreement, Wicked Games’ catalogue — including standout titles such as Transformers and Jack — is now instantly available to QTech’s global operator network. The deal significantly expands Wicked Games’ distribution across key growth regions, including Asia, Africa, Eastern Europe, and Latin America.

Recognised for its striking visual style and high-impact gameplay mechanics, Wicked Games creates titles built to cut through crowded casino lobbies. By integrating with QTech, the studio gains efficient access to fast-growing markets where mobile-first design and strong engagement features play a central role in operator success.

Khadija El Abi, Head of Partnerships at Wicked Games, said:

“Going live with QTech Games represents a meaningful step in our international expansion strategy. Their reach across emerging markets and robust distribution infrastructure open the door to high-growth regions where distinctive content thrives. We’re excited to see our full portfolio available through their platform.”

Philip Doftvik, CEO at QTech Games, added:

“We’re naturally thrilled that Wicked’s range of bold, innovative and sometimes ironic games, which playfully guy with conventional norms, is now available via QTech’s leading game-aggregation platform for emerging markets. We look forward to seeing how these games perform across a range of emerging markets which, in many cases, break new ground for Wicked.”

Through a single integration, operators connected to QTech Games can now deploy the complete Wicked Games portfolio, along with future releases from the studio’s upcoming roadmap.

The post QTech Games partners with Wicked to add more magic to its premier platform appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.