Golden Matrix Announces Completion of Acquisition of the MeridianBet Group

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Acquisition expands Golden Matrix’s global footprint and significantly increases revenues

Golden Matrix Group Incorporated (NASDAQ:GMGI) (Golden Matrix), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, has announced the closing of the previously announced acquisition agreement pursuant to which Golden Matrix acquired ownership of the MeridianBet Group and its related companies, in a cash, debt and stock transaction. The acquisition was approved by Golden Matrix’s board of directors and by the company’s shareholders at the special meeting held on March 19, 2024.

The combination of the two companies’ dynamic business-to-business (B2B) and business-to-consumer (B2C) casino, sports betting and tournament platforms creates a global enterprise operating on four continents.

The common stock of the combined company will continue trading on The Nasdaq Capital Market under the ticker symbol ‘GMGI’.

“This is a momentous occasion and one that we believe will result in a fundamental as well as a transformational change for our rapidly growing company,” the Chief Executive Officer for Golden Matrix, Brian Goodman, said. “The consolidated businesses are expected to deliver significant increases in both revenues and profitability and we believe we are now well-positioned to continue our growth trajectory and deliver incremental value to all our stakeholders.”

“Today marks a major milestone for our combined entity,” the Chief Executive Officer for MeridianBet Group, Zoran Milosevic, said. “By joining forces, we are not only expanding our reach but enhancing our ability to provide customers with a diverse and comprehensive offering whilst creating a leading global betting group.”

The Loev Law Firm, PC, acted as legal counsel to Golden Matrix in connection with the transaction and Howard & Howard acted as legal counsel to the sellers. More information regarding the closing and relating transactions is described in the current report on Form 8-K filed today by Golden Matrix with the Securities and Exchange Commission.

The post Golden Matrix Announces Completion of Acquisition of the MeridianBet Group appeared first on European Gaming Industry News.

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