Golden Matrix Group
MeridianBet Joins the Nasdaq Capital Market
The Meridianbet Group, a premier force in sports betting and igaming, marked a pivotal moment on April 19 as it joined the Nasdaq Capital Market (Nasdaq CM) under the Golden Matrix Group Inc. (Nasdaq: GMGI) banner.
The Opening Bell Ceremony at Nasdaq MarketSite in New York Times Square featured key executives from both companies and symbolized the beginning of a new era for expanded market reach and global strategic opportunities.
This significant event follows the recent acquisition of MeridianBet Group by Golden Matrix Group, Inc. (Nasdaq: GMGI), further solidifying their integration within the global market.
The transaction between Meridianbet and Golden matched not only their operations but also their strategic visions, reshaping the igaming and sports betting industry in the following years. MeridianBet was founded in 2001 and currently operates across 15 jurisdictions.
“This is a defining moment for both entities,” stated Brian Goodman, CEO of Golden Matrix. “Leveraging MeridianBet’s impressive market presence, technology and expertise and our advanced diversified offerings, we are set to redefine industry standards globally.”
“Joining the Nasdaq as part of Golden Matrix will scale our operations significantly,” noted Zoran Milosevic, CEO of MeridianBet. “We are excited about the increased market visibility and the opportunities to expand even further into new territories. This partnership will leverage our combined strengths, focusing on innovation and profitability.
Operational synergies and future growth
The combined entity is now poised to be one of globally leading proprietary technology and gaming platforms, already known for their high-margin, asset-light business model. The integration will particularly underline competitive advantages, supporting over 650 third-party casino brands and millions of registered retail and online customers worldwide. The Nasdaq listing means greater efficiency and a stronger platform from which to launch further expansions and innovations.
The team behind success and impact
Both companies remain dedicated to their teams and communities, recognizing the efforts of over 1,000 staff members who have been integral to their success. “A heartfelt thank you to everyone who has contributed to this journey,” Milosevic expressed. “Your dedication has been key to our growth and will continue to be vital as we set new records and deliver significant shareholder value.”
Aleksandar Milovanović founder and largest shareholder of Meridianbet
Meridianbet’s Largest Shareholder Aleksandar Milovanovic Completes $500,000 Cash-to-Equity Conversion Under Post-Closing Agreement with Parent Company
Reading Time: < 1 minute
Aleksandar Milovanović, founder and largest shareholder of Meridianbet, has completed a $500,000 cash-to-equity conversion under the Post-Closing Cash Consideration Conversion Agreement, as specified in the Eighth Amendment to the Amended and Restated Sale and Purchase Agreement with the parent company, Golden Matrix Group (GMGI).
The Eight Amendment was signed on August 29, 2025 and entered into force on September 9, 2025. The underlying SPA was signed June 27, 2023, and the acquisition closed on April 9, 2024 (effective April 1, 2024).
The conversion was executed in five scheduled tranches from September 9 to September 26, 2025.
With the final tranche today, the full $500,000 conversion is complete as agreed. These issuances were made as restricted shares pursuant to the SPA terms and do not affect the overall economics of the post-closing consideration.
The completion of the scheduled tranches converts cash obligations into equity as outlined in the agreement, without changing the overall post-closing economic terms. This process manages cash flow timing and maintains consistency with the agreed-upon shareholder structure.
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.
The post Meridianbet’s Largest Shareholder Aleksandar Milovanovic Completes $500,000 Cash-to-Equity Conversion Under Post-Closing Agreement with Parent Company appeared first on European Gaming Industry News.
Expanse Studios, a cutting-edge game developer focused on innovative iGaming experiences and a subsidiary of Golden Matrix Group, has entered into a content partnership with Bragg Gaming Group, a global B2B iGaming content and technology provider. The agreement significantly expands the distribution of Expanse Studios’ proprietary slots, crash and table games across over 30 regulated markets globally, including the US, Canada, Latin America, and Europe.
The partnership brings together Expanse Studios’ diverse portfolio of 55+ proprietary games and Bragg Gaming’s extensive distribution capabilities, creating powerful synergies for both parties. By combining Expanse Studios’ high-quality content with Bragg’s robust global network, the collaboration enhances global reach for both parties while offering operators a broader range of engaging iGaming experiences.
“Our partnership with Bragg Gaming is a strategic milestone in our efforts to scale rapidly across the U.S. and European markets. The combination of our unique proprietary content and Bragg’s powerful distribution network creates a compelling proposition for operators seeking to enrich their iGaming portfolios. The partnership reflects our ongoing commitment to providing exceptional gaming experiences around the world,” said Damjan Stamenkovic, CEO of Expanse Studios.
Bragg’s “Hub” platform offers access to a vast network of regulated markets, enabling Expanse Studios to accelerate its growth and strengthen its position as a leading global B2B iGaming content provider. The integration allows for the seamless deployment of Expanse Studios’ content, supported by Bragg’s cutting-edge analytics and player engagement tools.
Hristofor Hristov, Commercial Director, Aggregation at Bragg Gaming Group, said: “We’re delighted to be able to expand our content reach across the US, Latin America and Europe, all of which are important markets for Bragg. This is especially true in the U.S., which is a key focus area for our continued expansion in 2025. I look forward to seeing a warm reception to Expanse Studios’ content from our operator partners, especially for the firm’s crash games, which have proven to be a very popular addition to the Bragg content slate.”
The post Expanse Studios Secures U.S. and EU Distribution Deal with Bragg Gaming appeared first on Gaming and Gambling Industry in the Americas.
Golden Matrix Group Inc., a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
Zoran Milosevic, Chief Executive Officer of Meridianbet, will participate in a fireside chat with an equity research analyst on Monday, January 13, 2025, at 2:30 PM ET and will also be available for meetings during the conference.
-
Aquisitions/Mergers5 days agoGregorio Araneta to Sell its Entire 57% Stake in PhilWeb to Nexora Holdings and Velora Holdings
-
ArenaPlus5 days ago
DigiPlus Announces Partnership with Bayad
-
Baltics5 days ago
SEOBROTHERS ambassador Jevgenijs Aleksejevs crowned IBF Europe Middleweight boxing champion
-
Latest News5 days agoWhale.io Launches Battlepass Season 3, Featuring $77,000 in Crypto Casino Rewards
-
Angela Martin Head of Marketing UK & Ireland at GGPoker5 days ago
JOHNNY VEGAS LEADS GGPOKER’S BOLD NEW ‘FACE-OFF’ PROJECT TO BRING THE DRAMA, TENSION AND THRILLS BACK TO BRITISH POKER
-
Baltics5 days ago
Bombay announces strategic C-Suite appointments with a view towards regulated online growth
-
Latest News4 days ago
Golden Boomerang League off to a strong start, Boomerang Partners reports
-
Latest News5 days ago
BC.GAME News Secures Front-of-Jersey Deal with Deccan Gladiators for Abu Dhabi T10 2025
