Press Releases

Kambi’s same game parlays shine as Super Bowl LVIII goes down to the wire

Published

2 years ago

on

February 13, 2024

By

GamingAmericas.com

kambi’s-same-game-parlays-shine-as-super-bowl-lviii-goes-down-to-the-wire

SGPs account for more than a quarter of total Super Bowl handle for the first time

Super Bowl LVIII saw engagement with same game parlays (SGPs) reach new heights, as the product grew to account for 26% of handle on the NFL’s blue-ribbon event – a five percentage point increase on last year’s total.

Following Kambi’s first to market launch of in-game and cash out for SGPs ahead of last year’s Super Bowl, the growth in live SGPs across the Kambi network was particularly noteworthy, with share of in-game handle more than tripling in 2024. The overall in-game total was boosted by the ‘result of drive’ market which Kambi pioneered, the most popular in-game market after moneyline, spread and total points.

A night which saw a Patrick Mahomes-inspired Kansas City Chiefs win their third Super Bowl in five years delivered the biggest single event on the Kambi network over the last 12 months. Total handle was more than 150% higher than the 2023 UEFA Champions League final between Manchester City and Internazionale – the second biggest event on the Kambi network.

Although he put on an MVP performance, neither Mahomes nor his fellow quarterback Brock Purdy of the San Francisco 49ers featured in the top three most popular players to bet on, with that accolade going the way of 49ers’ running back Christian McCaffrey, followed by Travis Kelce and Isiah Pacheco of the Chiefs.

The importance of offering a comprehensive range of player props before and during the event was underlined by their rise to 26% of total handle on Super Bowl LVIII, up from 20% on Super Bowl LVII.

Kambi’s Head of US Sports, Hans Neskvern, said: “The Super Bowl is always one of the biggest nights of the year across the Kambi partner network, and continual enhancements made to our NFL product have seen us deliver an offering which leads the market in depth and combinability.

“A dramatic conclusion in which the Chiefs further cemented a dynasty not seen since the days of Tom Brady and the New England Patriots rounded off a thrilling season for the NFL and Kambi, which we look forward to building on with our partners throughout 2024.”

To find out more about Same Game Parlays tune in to the KambiCast Spotlight, with the inaugural episode featuring the insights of Simon Noy, alongside Director of Product Analysis and Eilers and Krejcik Jimmy Neilly and Earnings+More Editor Scott Longley.

Related Topics:Press Releases sports betting

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

Published

5 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

8 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.