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Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
GMGIGolden Matrix (GMGI) Newsfile·2025-03-13 12:23

Group 1 - Meridianbet has officially launched its B2B operations in Nigeria, entering a regulated 2billionbettingmarket[1][5]−ThecompanyhassecuredfullregulatoryapprovalfromtheLagosStateLotteriesandGamingAuthority,allowingoperationsinsportsbettingandonlinecasinoverticals[1][5]−Meridianbet′sentryintoNigeriastrengthensits20−yearpresenceinAfrica,leveragingitsproventrackrecordinregulatedmarkets[1][5]Group2−GoldenMatrixGroup,Inc.(NASDAQ:GMGI)projectsFY2024revenueofapproximately2 billion betting market [1][5] - The company has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority, allowing operations in sports betting and online casino verticals [1][5] - Meridianbet's entry into Nigeria strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets [1][5] Group 2 - Golden Matrix Group, Inc. (NASDAQ: GMGI) projects FY 2024 revenue of approximately 150 million, with full financial results expected soon [5] - The company utilizes AI-powered betting innovations and market expansion strategies to position itself for long-term success in Nigeria's gaming industry [5] - Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America [4]