Meridianbet Group Reports Record-Breaking August 2024 Performance
Golden Matrix Group, Inc. (NASDAQ: GMGI) (“Golden Matrix” or the “Company”), a developer and licensor of online gaming platforms, systems, and gaming content, is pleased to announce that pursuant to preliminary revenue estimates, its wholly owned subsidiary, Meridianbet, delivered record-breaking results for the month of August 2024, particularly in its B2C iGaming and sports betting operations.
The exceptional performance in August 2024 reflects Meridianbet’s continued global expansion and operational excellence across multiple jurisdictions.
Key Highlights from August 2024:
- Online casino revenue: Meridianbet’s online casino operations are expected to achieve an all-time high, surpassing the monthly average for 2024, by 13%.
- Online sports betting: Online sports revenue is expected to have increased by 9% over the monthly average for 2024.
- Europe (exc. UK): Delivered its best monthly result of all time for online casino, with revenue expected to be 11% above the average for 2024.
- Americas: Set a total revenue record, driven primarily by online (sports & casino) growth, which was expected to be 72% higher than the monthly average for 2024.
- Africa: Online casino revenue expected to grow by 8% compared to the 2024 monthly average
Brian Goodman, CEO of Golden Matrix Group, commented, “Meridianbet’s August performance is a testament to our consistent and strategic growth strategy as well as our commitment to excellence in both our iGaming and sports betting markets. These record-breaking results demonstrate operational strength across multiple regulated markets and further solidify our standing as a global leader specifically in the iGaming space. With continued focus on delivering superior experiences to our customers, we are confident that we will maintain this upward trajectory and strong momentum in the coming months.”
About Golden Matrix Group
Golden Matrix Group (GMGI), based in Las Vegas, NV, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms, while its B2C operations, through Meridianbet, provide sports betting and gaming services across 18 regulated jurisdictions globally. Golden Matrix is committed to delivering cutting-edge technology and innovation to its clients and customers. For more information, visit www.goldenmatrix.com
About Meridianbet
Founded in 2001, Meridianbet 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.meridianbet.com
