Press Releases

Paysafe predicts a soar in sports betting with the introduction of 5G

Published

6 years ago

on

February 6, 2020

By

Zoltan Tundik

New consumer research from Paysafe shows almost half (49%) of weekly sports bettors say the introduction of 5G to sports arenas is important to them

41% of sports bettors expect to be able to place in-stadium and in-play bets at large sporting events

Paysafe, a leading specialised payments platform, has unveiled international research into the impact of 5G on mobile sports betting in the US, UK and Germany. The report reveals that just under half (42%) of regular (e.g. weekly) sports bettors across countries anticipate increasing their in-play sports betting activity with the emergence of 5G. And over a fifth (21%) say that 5G means they plan to increase the number of sports they bet on.

At present, only 14% of sports bettors have no concerns at all about placing bets during events. Almost a quarter (22%) of sports bettors have concerns over delays in placing bets, and a fifth (19%) are worried about poor internet connection via their mobile device when placing a bet. One in five (18%) of sports bettors think they don’t have enough information at their fingertips be to be comfortable with making in-play bets.

With 37% of all active players preferring to place bets on a smartphone or tablet, the advent of 5G suggests that players will feel more comfortable betting more, as the risk of slow connectivity will be reduced. Furthermore, over half (55%) of all current sports bettors said that the ability to make payments from anywhere was the reason why they used a mobile platform.

5G presents an opportunity for better connectivity and increased bandwidth, which, in turn, provides more real-time data enabling players to make faster and better informed betting decisions. This will support the two thirds of current and prospective players (61%) wanting to be able to make more wagers on mobile platforms across the US, UK and Germany.

In contrast, almost half (51%) of regular sports bettors are currently reluctant to place bets when attending a sports event due to the varying quality of 4G connections. 49% of consumers felt that the introduction of 5G in sports arenas is important to them, with almost half (48%) saying they would be more likely to place a bet through their mobile app if they were at a game with 5G coverage.

There is also an expectation that in-play and in-stadium betting will soon be commonplace with 41% of all sports bettors surveyed saying they expected this to be available at most large sporting events in the future.

Daniel Kornitzer, Chief Business Development Officer at Paysafe, says: “5G offers a lot of growth opportunities for operators of mobile betting platforms as it gives better searching, faster transactions and improved in-play functionality. Our research clearly indicates that consumers have the appetite for the progress and flexibility we see with the emergence of this new standard of wireless connectivity. For players, it’s all about being able to place bets safely, anytime and anywhere. We would urge sports betting operators to be ready for the increased traffic on their platforms – it’s a huge opportunity for them.”

The full report, can be found here: https://www.paysafe.com/mobile-sports-betting-2020/. Paysafe and its brands Skrill, NETELLER, paysafecard and Income Access will be attending ICE London, taking place at ExCel London this week, at booth number N7-320.

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

Published

52 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.