Golden Matrix Set to Finalize Purchase of MeridianBet

MeridianBet Group, an online casino and sports betting operator, has seen significant growth in its operations, leading to a pending acquisition by Golden Matrix Group. The company has reported a 25% revenue growth in 2023, as well as a 10% increase in EBITDA and a 6% increase in net profit. These figures demonstrate the stable growth of the company’s operations over the recent years.

The growth is attributed to the introduction of new products and continued expansion across regulated gaming markets. Meridian’s proprietary gaming platform, Atlas, was successfully launched in around 40% of all the jurisdictions covered in 2023. Additionally, the company had seven new slot releases approved by respective markets and its Expanse Studios launched a new numbers game called WinGo, which recorded a 55% monthly sales growth rate with November figures hitting $2 million.

In 2023, Meridian also partnered with six new online gaming operators and entered 36 partnerships with media outlets for promotional purposes. The company reinforced its position as a founding member of the Brussels-based European Organization for Gaming Law through continued involvement in legislative and regulatory discussions. As a result of these activities, Meridian now operates in 15 regulated gaming markets across Europe, Africa, and South America, with plans to further expand into Kenya, South Africa, and Brazil.

Meridian’s CEO, Zoran Milosevic, expressed excitement about the recent legislation for online casino and sportsbook in Brazil, one of the world’s largest gambling markets. He also mentioned the pending acquisition by Golden Matrix, which is expected to be completed in the first quarter of 2024. The combined company is anticipated to offer state-of-the-art B2B and B2C gaming platforms in multiple jurisdictions worldwide, driving long-term value for stakeholders.

The acquisition will enable the company to benefit from economies of scale and historical revenue and profit growth. Overall, Meridian’s expansion and growth in various gaming markets demonstrate its strong performance and potential for further success in the future.