Meridianbet Secures Online Betting License in Brazil
Meridianbet, a leading global sports betting and gaming operator and part of the Golden Matrix Group (NASDAQ: GMGI), has officially secured an online betting license in Brazil, unlocking access to one of the most lucrative gaming markets in the world.
The news comes only few days after it was announced that Golden Matrix Group, which includes Meridianbet and Expanse Studios, among others, officially enters the U.S. gaming industry.
This achievement allows Meridianbet to offer sports betting and iGaming services across both online and physical channels in a market projected to generate $5.6 billion in gross gaming revenue (GGR) by 2025, according to H2 Gambling Capital.
The online betting license in Brazil – Key Details:
Authorization Number: SPA/MF nº 2.104 – 45
Corporate Name: MERIDIAN GAMING BRASIL SPE LTDA
Brand: MERIDIANBET
“This is a defining moment for the entire Golden Matrix Group and our shareholders,” said Brian Goodman, CEO of Golden Matrix Group and Zoran Milosevic, CEO of Meridianbet. “Brazil represents an extraordinary market opportunity, and securing this license positions Meridianbet to deliver substantial value. With our proven proprietary technology and operational expertise, we are poised to make a meaningful impact on Brazil’s regulated gaming landscape, starting in 2025.”
Golden Matrix Group – A Success Story in 2024
In the third quarter of 2024, Golden Matrix recorded an impressive revenue growth of 75% compared to the same period the previous year. Total revenue for the first half of the year increased by 41%, while gross profit rose by 31%.
The Golden Matrix group includes:
- Meridianbet, one of the country’s oldest and fully licensed betting operator
- Expanse Studios, the fastest-growing iGaming studio in Europe for game development
- Rkings, a leading platform for physical and digital sweepstakes in the UK
- Classics for a Cause, the strongest brand in sweepstakes and loyalty businesses in Australia
- Mexplay, the most popular online casino platform in South America
- GM-AG, the largest global platform for developing and licensing gaming software solutions
