The acquisition of MeridianBet Group significantly strengthens Golden Matrix’s global presence and significantly increases the company’s revenues.
Golden Matrix Group Incorporated (NASDAQ: GMGI), a leading developer, licensor and global operator of online games and e-commerce platforms, has completed the acquisition of the MeridianBet group and its related companies in cash, debt and equity transactions. This acquisition was approved by Golden Matrix’s board of directors and shareholders at a special meeting held on March 19, 2024.
The creation of a combined company that combines dynamic casino, sports betting and tournament platforms focused on B2B and B2C has created a global enterprise spanning four continents.
Shares of the combined company will continue to trade on the Nasdaq Capital Market under the ticker symbol “GMGI.”
Brian Goodman, CEO of Golden Matrix, commented: “This is a momentous occasion and one that we believe will result in a fundamental as well as a transformational change for our rapidly growing company. The consolidated businesses are expected to deliver significant increases in both revenues and profitability and we believe we are now well-positioned to continue our growth trajectory and deliver incremental value to all our stakeholders.”
Zoran Milosevic, Chief Executive Officer for MeridianBet Group, added: “Today marks a major milestone for our combined entity. By joining forces, we are not only expanding our reach but enhancing our ability to provide customers with a diverse and comprehensive offering whilst creating a leading global betting group.”
Loev Law Firm advised Golden Matrix on this transaction, while Howard & Howard provided legal advice to the sellers. Details of the closing and related transactions are contained in Golden Matrix’s Form 8-K report filed today with the Securities and Exchange Commission.
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