Meridianbet (GMGI) Launches "Watch & Bet" -- New In-Play Feature to Accelerate User Monetization and Core Revenue Growth

Core Insights - Meridianbet, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has launched a new mobile feature called "Watch & Bet" that allows users to stream live sports in full-screen mode while placing in-play bets simultaneously [1][6] - This feature aims to enhance user engagement by increasing in-play betting volume, extending session duration, and driving higher revenue per active user, thereby supporting growth in turnover, user value, and margin [1][6] Company Overview - Meridianbet was founded in 2001 and is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America [4][7] - The company utilizes proprietary technology and scalable systems to support multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming [4][7] Financial Performance - Golden Matrix Group Inc. reported FY24 GAAP revenue of $151.1 million and organic revenue of$159.7 million (unaudited) [6]