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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.

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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.

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Spinmatic, leading developer of premium casino games and part of Softquo Holding, is thrilled to announce a landmark partnership with OPAP and their flagship digital brand Pamestoixima, marking an incredible step forward in one of Europe’s hottest regulated markets – where we’ve already been making a strong impact.

With over 60 years of history, OPAP is one of the most established names in Europe. Through Pamestoixima, its renowned digital platform, OPAP has earned the trust of millions of players thanks to its reliability, cutting-edge features and strong commitment to responsible gaming. Basically: if you play in Greece, you know Pamestoixima.

So it was only natural for Spinmatic to join them. After months of building momentum in Greece with several operators, our top-performing games have now found their place at Pamestoixima.

“Partnering with OPAP and its brand Pamestoixima is not just a milestone for Spinmatic – it is a turning point for the Greek online gaming market. Together with the OPAP casino team, we are building a synergy that combines Spinmatic’s innovative, high-performing content with OPAP’s unrivalled market leadership and player trust. This is more than a go-live: it is the foundation of a shared journey, where both teams work as one to deliver excitement, responsible content and real value to the Greek gaming ecosystem.” Vassileios Efthymiou, Softquo’s Country Director for Greece.

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IRRESISTIBLE CONTENT

This partnership is a powerful validation of our content and a unique opportunity to grow alongside one of Europe’s most influential operators. It places Spinmatic at the heart of Greece’s vibrant online gaming ecosystem, allowing us to strengthen our presence.

“This partnership with OPAP/Pamestoixima is a true validation of our strategic focus on delivering top-performing content tailored to local markets. We are confident that our locally-focused games, combined with OPAP/Pamestoixima’s unparalleled market leadership, will ensure a long-term winning experience for players. We are incredibly excited about the journey ahead.” Norbert Mathies, Spinmatic’s Managing Director.

So, what’s hitting Pamestoixima? Spinmatic’s hottest titles have finally joined one of the country’s biggest platforms. Think thrilling adventures, creative twists and non-stop entertainment – the kind of games already keeping players hooked elsewhere. Now it’s Pamestoixima’s turn.

The post Spinmatic plays big in Greece with Pamestoixima appeared first on European Gaming Industry News.

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Company united under the SkillOnNet umbrella in show of “unity, clarity and strength”

Global entertainment brand SkillOnNet is celebrating 20 years of innovation, growth and success with the launch of a rebranded website and logo and the unveiling of a bold new company identity.

A new corporate structure will bring together all areas of the business – SkillonNetOPS, SkillonNetMarketing, SkillonNetR&D, SkillonNetCORP, and SkillonNetGames – into one collaborative, unified organization under the SkillonNet umbrella, designed to drive sustainable growth across the company’s roster of B2C and partner brands.

The milestone was marked with a weekend of celebrations kicking off September 11, with international staff from across SkillOnNet’s offices flying to Limassol, Cyprus to join the festivities. Parties were held each evening over the weekend, with keynote speeches that reflected on the company’s journey, its future vision, and the strength of its employees.

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“Today, we present our new company identity, which unites all of our offices under one strong, recognizable brand – a brand that reflects our culture: fun and passionate, but above all, one that unites us as a single, powerful team,” said Ohad Narkis, co-founder of SkillonNet’s flagship brand PlayOJO, adding that the change was about “unity, clarity, and strength reflecting internally within the organization as well as externally with partners and suppliers .”

“It helps us move faster, work smarter, and deliver our values: We’re experts in play, hands on, and always better together,” he added.

Founded in 2005 with a focus on online backgammon, SkillOnNet quickly pivoted into casino entertainment, laying the foundation for a platform that now powers some of the industry’s most successful brands, including PlayOJO, DrückGlück, BacanaPlay and Genting.

Today, the company holds more than a dozen local licenses across Europe, South America, and North America, and serves millions of players worldwide.

“We are now truly an entertainment company, with a proprietary technology and best of class operation serving millions – players who are, after our employees, our greatest asset,” Kfir Chervinski SkillOnNet Founder said; “As we celebrate 20 years in iGaming, this rebrand marks more than just a fresh identity – it’s a milestone that reflects who we are and where we’re headed. So, here’s to the next decade of growth, innovation, and delivering the best in play.”

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