Latest news with #Meridianbet
Yahoo
5 days ago
- Business
- Yahoo
Meridianbet Seals Sponsorship Deal with Aquatic Sports Association of Malta (ASA)
Two-year agreement expands Meridianbet and Golden Matrix's (GMGI) sports sponsorship portfolio across regulated European markets Aquatic Sports Association of Malta VALLETTA, Malta, June 04, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting and iGaming division of Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and licensor of B2B and B2C gaming platforms, today announced the signing of a two-year exclusive sponsorship agreement with the Aquatic Sports Association of Malta (ASA), the official governing body for water polo, swimming, and artistic swimming in Malta. Under the terms of the agreement, Meridianbet becomes the exclusive betting partner of ASA, gaining integrated brand exposure across ASA events, digital platforms, and physical venues. The sponsorship includes the launch of the branded national cup competition - Meridianbet Super Cup, as well as LED road signage, scoreboard branding, and apparel sponsorships across Malta's aquatic sports federations. 'Water polo and aquatic sports are a vital part of Malta's sporting culture,' said Stefan Pavlovic, Malta territory director at Meridianbet. 'This partnership reflects our continued commitment to supporting national sports ecosystems, building long-term brand visibility in regulated markets, and delivering value to fans, players, local institutions and shareholders.' The ASA partnership builds on Meridianbet's growing sponsorship portfolio across 25+ international jurisdictions, where it supports sports ranging from football, basketball and MMA to eSports and grassroots competitions. This announcement also aligns with Meridianbet's broader ESG strategy. In 2024 alone, the company conducted 293 community engagement initiatives, reaching over 18,000 direct and indirect beneficiaries through education, healthcare, sports, and advocacy programs. Key Highlights of the Deal: Meridianbet named exclusive betting partner of Malta's ASA (governing body for water polo, swimming, artistic swimming) Launch of the Meridianbet Super Cup Brand exposure via LED ads, digital platforms, and team apparel To learn more about Meridianbet's community impact programs, visit 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 (Nasdaq: GMGI). For more information, visit IR Presentation - YouTube - Twitter - Email: ir@ A photo accompanying this announcement is available at
Associated Press
30-05-2025
- Business
- Associated Press
GMGI Insider Buying: Group CFO Picks Up 10,000 Shares
Las Vegas, Nevada--(Newsfile Corp. - May 30, 2025) - Golden Matrix Group Inc. (NASDAQ: GMGI), a global provider of iGaming and sportsbook technology, announced an insider purchase of 10,000 GMGI shares at $1.36 per share, as disclosed in a recent SEC Form 4 filing dated May 27, 2025. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Golden Matrix Group (NASDAQ: GMGI) Golden Matrix Group Inc. develops and distributes proprietary gaming platforms, sports betting solutions, and promotional games across over 25 international markets. Its portfolio includes Meridianbet, Expanse Studios, GMAG, R Kings Competitions, and Classics for a Cause. Contacts: Milan Koricanac [email protected] Source: Meridianbet Group To view the source version of this press release, please visit
Yahoo
22-05-2025
- Business
- Yahoo
A Quiet Green Revolution of Meridianbet (Golden Matrix Group): 80 Sustainability Projects in Q1 2025 Only
A Public Company's Grassroots Approach to Ecology and Sustainability Meridianbet Ecology Projects VALLETTA, Malta, May 22, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing commitment to environmental and social responsibility, Meridianbet, a key member of the Golden Matrix Group (NASDAQ: GMGI), continues to implement impactful green initiatives across the markets where it operates. In 2024 alone, the company organized nearly 300 CSR initiatives, and in the first quarter of 2025, that momentum has accelerated with over 80 projects focused on health, education, community impact, responsible betting — and increasingly, environmental protection. Fruška Gora Cleanup: Sport Meets Sustainability Earlier this year, Meridianbet led a major environmental cleanup tied to the 32nd Fruška Gora MTB Marathon in Serbia, where the company served as the main sponsor. Combining sport, recreation, and ecological action, Meridian employees and volunteers led a large-scale effort to clean forest trails and protect one of the country's most treasured national parks. This event — driven by both Meridian and the Meridian Foundation — illustrates the company's belief that environmental care is not just a corporate checkbox, but a shared social responsibility. 'Today's action isn't just symbolic — it shows how small acts, done together, can drive real change,' said Jovan Ignjatović, Meridian Foundation representative. From Local Action to Regional Inspiration The success of the Fruška Gora initiative sparked similar efforts in other markets the country operates. One landmark example is Tanzania, where local CSR teams embraced the same environmental values. What began as a local cleanup grew into a multi-country movement, strengthening community ties and spreading ecological awareness across borders. Epic Trail: Connecting Nature, Sports, Community - and Brand Trust As part of almost 300 community-focused campaigns carried out in 2024, Meridianbet also organized the Epic Trail — a sports and recreation event that brought together runners, cyclists, and local communities across several markets where the company operates. The campaign aimed to promote healthy lifestyles, social inclusion, and long-term brand trust through direct engagement on the ground. This initiative is another example of how Meridianbet builds its presence not just through numbers, but through real, measurable social impact. A Broader ESG Vision While Q1 2025 activities focused heavily on ecology, both Meridianbet and its parent company Golden Matrix Group see sustainability as a long-term global mandate. Future campaigns will target greenhouse gas reduction, biodiversity protection, waste minimization, and the promotion of innovative green technologies. Leading the Way in Responsible Business Through these efforts, Meridianbet is not only supporting the communities it serves — it is also positioning itself as a global role model for environmentally conscious gaming. As part of a publicly listed company, these programs form an integral part of Golden Matrix Group's ESG strategy, aligning growth with positive global impact. Meridianbet is part of the publicly listed Golden Matrix Group (NASDAQ: GMGI) About Meridianbet Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America. Its proprietary technology and scalable systems allow for multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming. Meridianbet is a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI). For more information, visit or contact ir@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
A Quiet Green Revolution of Meridianbet (Golden Matrix Group): 80 Sustainability Projects in Q1 2025 Only
A Public Company's Grassroots Approach to Ecology and Sustainability Meridianbet Ecology Projects VALLETTA, Malta, May 22, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing commitment to environmental and social responsibility, Meridianbet, a key member of the Golden Matrix Group (NASDAQ: GMGI), continues to implement impactful green initiatives across the markets where it operates. In 2024 alone, the company organized nearly 300 CSR initiatives, and in the first quarter of 2025, that momentum has accelerated with over 80 projects focused on health, education, community impact, responsible betting — and increasingly, environmental protection. Fruška Gora Cleanup: Sport Meets Sustainability Earlier this year, Meridianbet led a major environmental cleanup tied to the 32nd Fruška Gora MTB Marathon in Serbia, where the company served as the main sponsor. Combining sport, recreation, and ecological action, Meridian employees and volunteers led a large-scale effort to clean forest trails and protect one of the country's most treasured national parks. This event — driven by both Meridian and the Meridian Foundation — illustrates the company's belief that environmental care is not just a corporate checkbox, but a shared social responsibility. 'Today's action isn't just symbolic — it shows how small acts, done together, can drive real change,' said Jovan Ignjatović, Meridian Foundation representative. From Local Action to Regional Inspiration The success of the Fruška Gora initiative sparked similar efforts in other markets the country operates. One landmark example is Tanzania, where local CSR teams embraced the same environmental values. What began as a local cleanup grew into a multi-country movement, strengthening community ties and spreading ecological awareness across borders. Epic Trail: Connecting Nature, Sports, Community - and Brand Trust As part of almost 300 community-focused campaigns carried out in 2024, Meridianbet also organized the Epic Trail — a sports and recreation event that brought together runners, cyclists, and local communities across several markets where the company operates. The campaign aimed to promote healthy lifestyles, social inclusion, and long-term brand trust through direct engagement on the ground. This initiative is another example of how Meridianbet builds its presence not just through numbers, but through real, measurable social impact. A Broader ESG Vision While Q1 2025 activities focused heavily on ecology, both Meridianbet and its parent company Golden Matrix Group see sustainability as a long-term global mandate. Future campaigns will target greenhouse gas reduction, biodiversity protection, waste minimization, and the promotion of innovative green technologies. Leading the Way in Responsible Business Through these efforts, Meridianbet is not only supporting the communities it serves — it is also positioning itself as a global role model for environmentally conscious gaming. As part of a publicly listed company, these programs form an integral part of Golden Matrix Group's ESG strategy, aligning growth with positive global impact. Meridianbet is part of the publicly listed Golden Matrix Group (NASDAQ: GMGI) About Meridianbet Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America. Its proprietary technology and scalable systems allow for multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming. Meridianbet is a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI). For more information, visit or contact ir@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Golden Matrix Q1 Revenue Soars as Global Expansion Accelerates
Raffle segment saw all-time highs in revenue, ticket sales, prize values; user registrations surged 146% year-over-year Retired $9.6M in Lind Global debt and converted $9.5M in acquisition-related debt into equity, strengthening balance sheet Q1 revenue rose 72% YoY to $42.7M, despite a 4% negative FX impact Gross profit hit $24.2M with a 57% margin; Meridianbet segment gross margin improved to 72% Meridianbet secured new or renewed licenses in Brazil, Nigeria, and Serbia; expanded U.S. presence via Expanse Studios Full-year revenue guidance set at $190M–$195M, driven by tech investments, global growth By Jarrett Banks Global online gaming platform (NASDAQ: GMGI) saw first quarter revenue surge while significantly enhancing its financial position and expanding its geographic footprint. The company's raffle segment hit all-time highs across revenue, ticket sales, and prize values, with a 146% increase in user registrations compared to Q1 2024. Meanwhile, Golden Matrix improved its financial flexibility by eliminating approximately $9.6 million in Lind Global debt and converting over $9.5 million in Meridianbet acquisition obligations into equity. Consolidated revenue reached $42.7 million, a 72% increase from the prior year, partially tempered by foreign exchange headwinds. Gross profit rose to $24.2 million, with a 57% consolidated gross margin. Meridianbet's gross margin grew to 72%, while GMAG and Rkings/CFAC segments improved to 29%. 'We entered fiscal 2025 with elevated operating efficiency and diversified revenue streams that continue to scale across high-growth markets,' said Brian Goodman, CEO of Golden Matrix. 'Our raffle segment reached all-time highs, our debt profile strengthened meaningfully, and our B2B and B2C businesses are both operating from positions of renewed financial and strategic strength.' Adjusted EBITDA remained strong at $5.6 million, down slightly due to increased investment in technology and geographic expansion. Meridianbet CEO Zoran Milosevic highlighted the quarter's operational progress, including major regulatory wins. The segment secured a permanent betting license in Brazil, launched B2B operations in Nigeria, and renewed its Serbian license. User activity surged, with first-time deposits up 56% and registrations up 22% YoY. Meridianbet also expanded its North American footprint through Expanse Studios, with five new integrations into U.S.-based sweepstakes casinos. 'Our Q1 results demonstrate focused execution across regulated markets, bolstered by operational efficiency and continuous innovation,' said Milosevic. 'We are deepening user engagement, expanding licensing coverage, and strengthening our position as a global operator of choice.' Golden Matrix reaffirmed its full-year 2025 revenue guidance of $190 to $195 million, representing 26%–29% growth. The company continues to prioritize innovation, international licensing, and operational efficiency. 'We're executing on disciplined capital allocation and long-term strategic investments,' said CFO Rich Christensen. 'Our improving net leverage, healthy free cash flow, and scalable platform position us to accelerate growth across 2025 and beyond.' Contact: Editor@ X: @IPOEdge Instagram: @IPOEdge
