Golden Matrix Group’s (NASDAQ: GMGI) subsidiary Meridian Gaming Brasil SPE LTDA (CNPJ: 56.195.600/0001-07) has successfully passed an additional crucial round of Brazil’s exclusive licensing process for sports betting and iGaming, placing it in a narrow pool of companies eligible to operate in the Brazilian gambling industry. According to an announcement released Thursday morning, Meridian Gaming Brasil has been shortlisted alongside 88 other companies. As one of the companies on the shortlist released by the Brazilian Ministry of Finance, the subsidiary remains well-positioned to continue operating in Brazil during the adaptation period, which runs until December 31, 2024.
“Passing this additional round reaffirms Meridian Gaming Brasil’s technological and operational leadership in the rapidly evolving Brazilian market. With our state-of-the-art platform, comprehensive marketing strategies and unwavering focus on responsible gambling, we are well-equipped to capture significant market share in what is forecasted to become one of the world’s largest gaming markets,” said Brian Goodman, CEO of GMGI.
To view the full press release, visit https://ibn.fm/v1NLO
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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