Core Insights - Meridianbet, the sports betting and iGaming division of Golden Matrix Group, has been recognized on Oracle's Global Reference Page for its innovative AI-driven approach to customer engagement and marketing solutions [1][2][4]. Company Recognition - Meridianbet is the first and only betting company from Southeast Europe to be featured on Oracle's Global Reference Page, highlighting its advanced use of Oracle technology [2][3]. - This recognition positions Meridianbet alongside major global enterprises that leverage AI for optimizing business operations [3][4]. AI-Driven Marketing and Engagement - The company has developed a fully integrated real-time marketing and player engagement system using Oracle tools, allowing for instant customer segmentation and AI-driven personalization [5][7]. - Meridianbet's AI model adapts in real-time to send targeted offers based on player habits, maximizing marketing impact while controlling costs [6][8]. Efficiency and Growth - The data-driven approach has led to improved customer lifecycle value, reduced acquisition costs, and enhanced engagement efficiency, all while ensuring compliance with industry regulations [8]. - Meridianbet's AI-powered engagement model not only benefits its direct-to-consumer business but also strengthens its B2B partnerships by providing scalable, technology-driven solutions [9][10]. Technological Leadership - Meridianbet is part of the "5% Club," indicating that it has built and owned its technology from the start, allowing for faster innovation and seamless AI integration [11]. - The company has recently secured a Brazilian operating license, demonstrating its commitment to long-term cost efficiency and operational scalability through AI-driven customer acquisition and retention tools [11].

Meridianbet (GMGI) Listed on Oracle's Global Tech Reference PageFebruary 07, 2025 8:28 AM EST | Source: Reportable, Inc.Las Vegas, Nevada--(Newsfile Corp. - February 7, 2025) - Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI) has been featured on Oracle's Global Customer Reference Page--a dedicated platform showcasing the most advanced, high-impact projects implemented with Oracle technology, a global leader in enterprise tech powering the world's top ...

Company Overview - Expanse Studios is a leading developer of online casino games, offering a diverse portfolio including slots, crash games, table games, and other innovative iGaming titles [4] - The company is known for pushing the boundaries of iGaming and delivering high-quality, immersive experiences tailored to players worldwide [4] - Expanse Studios is the in-house development division of Golden Matrix Group Inc (NASDAQ: GMGI) [1] Market Expansion and Growth - Expanse Studios has doubled the number of games it supplies in just a few weeks since entering the US sweepstakes casino market in late 2024 [1][6] - The company has achieved 7x player engagement growth in 2024 compared to 2023, reflecting strong adoption and retention of proprietary gaming content [6] - Expanse Studios continues to expand its global presence by partnering with major operators across regulated markets [4] Operational Strategy - In-house production has expanded the B2B network and reduced reliance on third-party suppliers, lowering operational costs [6] - The company maintains a commitment to technological excellence and creative innovation [4]

LAS VEGAS, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ:GMGI) ("Golden Matrix" or the "Company"), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that it has resumed its existing stock repurchase program. Under the repurchase program previously authorized by the board of directors, the Company may repurchase its outstanding shares of common stock from time to time in open market or privately-negotiated transactions, including accelerate ...

Group 1 - Golden Matrix Group Inc. will participate in the 2025 ICR Conference from January 13-15, 2025, at the Grande Lakes Resort in Orlando, FL [1] - Zoran Milosevic, CEO of Meridianbet, will engage in a fireside chat with an equity research analyst on January 13, 2025, at 2:30 PM ET and will be available for meetings during the conference [2] - Golden Matrix Group is a B2B and B2C gaming technology company operating in multiple international markets, focusing on developing and licensing proprietary gaming platforms [4] Group 2 - Meridianbet, part of Golden Matrix Group, operates in 18 jurisdictions across Europe, Africa, and South America, utilizing proprietary technology and scalable systems for its online sports betting and gaming services [5] - The company employs an omni-channel approach, providing services through retail, desktop online, and mobile platforms [5]

LAS VEGAS, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ:GMGI) ("Golden Matrix" or the "Company"), a global developer, licensor, and operator of online gaming platforms, today announced Expanse Studios, a rising leader in the iGaming sector and part of the Golden Matrix Group, is thrilled to announce the commencement of the filing process for its B2B Gaming License registration in Ontario, Canada. This pivotal step marks a significant advancement in the Company's global expansion strate ...

A Closer Look Into Golden Matrix Group's (GMGI) Sweepstakes Business Segments: Adding to Meridianbet's SuccessDecember 13, 2024 9:04 AM EST | Source: Reportable, Inc. Sliema, Malta--(Newsfile Corp. - December 13, 2024) - Golden Matrix Group, Inc. (NASDAQ: GMGI), the parent company of renowned brands such as Meridianbet, has seen significant contributions from its sweepstakes business segments as well - RKings Competitions and Classics for a Cause. These two brands have emerged as strong perfor ...

Meridianbet (GMGI) and Crvena Zvezda Seal Euroleague's First Logo Integration DealNovember 21, 2024 12:22 PM EST | Source: Reportable, Inc.Sliema, Malta--(Newsfile Corp. - November 21, 2024) - Meridianbet, a global sports betting and gaming brand, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), has advanced its strategic partnership with Euroleague basketball powerhouse Crvena Zvezda. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways ...

VALLETTA, Malta, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a global sports betting and gaming brand, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), has advanced its strategic partnership with Euroleague basketball powerhouse Crvena Zvezda. Building on over two years of collaboration, Meridianbet has achieved a first-of-its-kind branding integration in Serbia and the region by incorporating its logo into the club’s emblem. This innovative sponsorship represents a next-generation business model for ...

Stock Issuance and Acquisitions - The Company issued 1,000 shares of Series C Preferred Stock to the Sellers at the closing of the Purchase Agreement on April 4, 2024[26]. - The company entered into a Share Exchange Agreement to acquire an 80% ownership interest in Classics for a total consideration of approximately $4,430,052 in cash and 810,390 restricted shares[54]. - The company completed the acquisition of 100% of MeridianBet Group effective April 1, 2024, enhancing its market position[81]. - The Company agreed to pay $5,000,000 in contingent cash consideration and 5,000,000 restricted shares of common stock as part of the acquisition of MeridianBet Group[136]. - The total estimated purchase consideration for the acquisition was $107,942,941, with goodwill valued at $58,188,969 and intangible assets at $30,210,000[133]. Financial Performance - For the three months ended September 30, 2024, total revenues reached $40,992,329, a significant increase from $22,209,657 for the same period in 2023, representing a 84.5% growth[107]. - Revenue for the three months ended September 30, 2024, was $40,992,329, an increase of 85% compared to $22,209,657 in the same period of 2023[177]. - The B2B segment generated $4,111,174 in revenue for the three months ended September 30, 2024, compared to $232,373 in the same period of 2023, marking a 1,669% increase[107]. - The B2C segment's online casino revenue was $11,604,744 for the three months ended September 30, 2024, up from $8,906,040 in the same period of 2023, reflecting a 30% increase[107]. - The total revenue contribution from MeridianBet Group for the nine months ended September 30, 2024, was $75,768,638, resulting in a net income of $8,477,531[135]. Expenses and Liabilities - The Company incurred amortization expenses of $1,962,157 and $420,801 for the three months ended September 30, 2024, and 2023, respectively, and $4,317,523 and $1,357,453 for the nine months ended September 30, 2024, and 2023, respectively[35]. - General and administrative expenses rose by $10,516,288, or 82%, to $23,379,550 for the three months ended September 30, 2024, largely due to stock-based compensation and increased salaries[179]. - Interest expense surged by $786,144, or 19,416%, to $790,193 for the three months ended September 30, 2024, primarily due to the amortization of debt discount[180]. - Long-term liabilities amounted to $35,265,611 as of September 30, 2024, compared to $0 as of December 31, 2023, reflecting the company's recent financing activities[78]. - The company recorded a debt discount of $3,322,177 related to the issuance of a secured convertible note, with an unamortized debt discount of $2,593,118 as of September 30, 2024[78]. Cash Flow and Capital Management - Cash provided by financing activities was $32,716,355 for the nine months ended September 30, 2024, mainly from loans and convertible notes, compared to cash used of $3,063,919 in the same period of 2023[173]. - The increase in cash of $17,999,655 between September 30, 2024, and December 31, 2023, was mainly due to proceeds from loans and borrowings[173]. - The company may need to seek additional capital to meet obligations and support operations, which could lead to shareholder dilution if additional equity is issued[171]. - MeridianBet Group had $38,404,951 in cash on hand as of September 30, 2024, sufficient to meet current working capital and capital expenditure requirements for at least twelve months[168]. Taxation - The company reported an income tax expense of $1,864,122 for the three months ended September 30, 2024, and $2,670,788 for the nine months ended September 30, 2024[115]. - The company had accrued a tax expense of $1,468,472 as a contingent liability for a tax dispute with Greek authorities[116]. - The statutory tax rate for the company's operations in the United States is 21%, while in Australia it is 30%[110]. Assets and Inventory - Total inventory was $4,414,399 as of September 30, 2024, up from $133,905 at December 31, 2023[37]. - The inventory of prizes increased to $4,286,893 as of September 30, 2024, compared to $0 at December 31, 2023[36]. - As of September 30, 2024, total deposits and prepaid assets increased to $5,997,157 from $5,586,495 as of December 31, 2023, representing a growth of approximately 7.4%[68]. - The company recorded total intangible assets of $65,312,279 as of September 30, 2024, up from $21,977,966 as of December 31, 2023[64]. Shareholder and Management Compensation - The total salary paid to CEO Zoran Milošević during the three months ended September 30, 2024, was $25,671, compared to $4,321 in 2023, reflecting a year-over-year increase of 495%[84]. - The company granted 250,000 restricted stock units to CEO Zoran Milošević on May 9, 2024, as part of his employment agreement[84]. - The total salary paid to Ms. Božović during the three months ended September 30, 2024, was $25,671, compared to $4,321 in 2023, marking a significant increase[86]. - The Board approved an increase in the annual base salary of Mr. Brett Goodman to $108,000 effective August 1, 2024[38]. Market Presence and Strategy - The Company has subsidiaries in multiple countries, including Australia, the United Kingdom, Mexico, and Serbia, indicating a broad market presence[27]. - The MeridianBet Group operates in 15 markets across Europe, Central and South America, and Africa, employing approximately 1,200 personnel[141]. - The company has established revenue-sharing agreements with numerous third-party casino providers, enhancing its game library and customer engagement[143]. - The company aims to maintain organic revenue growth in all B2C markets and expand its global reach by obtaining gaming licenses in existing and newly regulated markets[166]. Technology and Innovation - The integration of advanced Machine Learning technologies aims to personalize user experiences by providing tailored bets and real-time odds updates, reducing manual oversight[145]. - The MeridianBet Group has developed 52 in-house slot games available online, enhancing its proprietary casino platform[143]. - The company is committed to investing in technology and innovation to enhance its product offerings and improve overall margins[166].