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.

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GeoLocs, leading provider of advanced geolocation compliance technology for the regulated online gaming industry, is excited to announce its new partnership with operator Superbet.

Among the most widely recognised betting and gaming brands globally, and renowned for their innovative approach to sports betting and gaming, this collaboration will enhance Superbet’s operations as they enter Brazil’s newly regulated online gaming market, whilst strengthening GeoLocs’ position as the geolocation provider of choice in Latin America and emerging iGaming markets.

GeoLocs brings over 12 years of expertise in geolocation technology, having supported more than a dozen operators enter the Ontario market. This extensive experience positions GeoLocs as an ideal partner for Superbet as they navigate the complexities of compliance and player verification in Brazil.

GeoLocs advanced geolocation technology will provide precise and secure location verification, enabling Superbet to meet strict regulatory requirements while safeguarding their players privacy across Brazil. This seamless integration will offer Superbet’s players a superior user experience on iOS, Android, and mobile web, eliminating the need for additional downloads or companion apps.

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“We are excited to partner with Superbet, as they enter Brazil’s regulated online gaming market,” said Stuart Godfree, Managing Director of GeoLocs. “Our technology, built over 12 years, is designed to meet the demands of emerging markets like Brazil, and we’re committed to helping Superbet deliver a compliant, secure, and user-friendly experience for players.”

“As we prepare to expand on the exciting and highly anticipated Brazilian market with a bespoke and localised gaming portfolio, ensuring the highest levels of compliance and player protection is our top priority,” said Alex Fonseca, CEO Superbet Brazil. “Partnering with GeoLocs allows us to achieve this to the highest standards, leveraging their extensive expertise in geolocation technology to deliver a secure and seamless gaming environment for Brazilian players.”

By partnering with GeoLocs, Superbet will be equipped to ensure accurate verification, fraud prevention, and adherence to local gaming regulations, all while providing a unique and engaging player experience.

Aposta Ganha, the fastest-growing Brazilian sports betting and online gaming site, has officially been awarded its sports betting and online games license through the Betting Management System (Sigap) to operate within Brazil’s regulated market.

Aposta Ganha is one of the first betting platforms to be regulated, with registration number 0022 in the Betting Management System. Having operated in Brazil over the past six years, it is perfectly positioned to thrive in Brazil’s new regulated environment, adhering to the rules of the Secretariat of Prizes and Betting (SPA) under the Ministry of Finance

Responsible Gaming continues to be at the heart of Aposta Ganha’s operations, even before the implementation of the stringent measures outlined in the SPA ordinances.

Aposta Ganha will commence its regulated operations from January 1, 2025, depending only on the SPA analysis to obtain the official license from the Brazilian government.

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Hugo Baungartner, Grupo Aposta Ganha CCO, said:  “We’re incredibly proud to announce our successful completion of our federal operating license application laid out by the Ministry of Finance. The strict security criteria ensure greater consumer protection and market integrity. Our hard work has seen us join an exclusive tier of companies authorized to deliver an entertaining and 100% secure gaming experience across the nation.”