The Meridianbet Group 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.

Game on! 🎮@GMGI_Official rings today’s Opening Bell to celebrate their recent acquisition of @MeridianBet_ofc.$GMGI, one of the world’s leading iGaming groups, has joined forces with @MeridianBet_ofc, one of the largest sports betting and gaming groups to create a global… pic.twitter.com/T19LULFryC
— Nasdaq Exchange (@NasdaqExchange) April 19, 2024

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 Capital Market 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.”

Meridianbet is also a founder and member of the European Association for Gaming Law (EOGL), based in Brussels.

It is also a member of the UN Global Compact, the global coalition of the United Nations for socially responsible business, which is a recognition for more than 200 CSR actions organized last year alone.