Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that Meridianbet, its subsidiary, has been shortlisted for an exclusive sports betting and iGaming license in Brazil. By securing its place in this priority list, Meridianbet has ensured that its license will be processed by January 1, 2025, the forecasted launch date for Brazil’s legal sports betting and iGaming market. Meridianbet is among a total of 113 operators that submitted their applications ahead of the August 20, 2024, deadline.
“The Brazilian market is set to be a game-changer for all of Golden Matrix Group, but also for the global gaming industry as a whole,” said Brian Goodman, CEO of Golden Matrix Group. “Brazil is expected to become the third-largest gaming market in the world, and this opportunity marks another key milestone for our company. Brazil’s multifaceted approval process reflects the complexity and scale of this market, and we are excited about the tremendous potential that lies ahead. This is one of the defining moments for our company as we continue to expand our global footprint, and being part of this exclusive group of operators reflects our commitment to excellence and our strategic vision for the future of gaming.”
To view the full press release, visit https://ibn.fm/q97te
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is an established business-to-business (“B2B”) and business-to-consumer (“B2C”) gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. Besides Meridianbet and Expanse Studios, the company also owns and operates MEXPLAY, a regulated online casino in Mexico. The company’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current U.S. law.
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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