Expanse (GMGI) Submits Application for iGaming License in Romania

Rhea-AI Summary

Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has submitted an application for a Class 2 iGaming license to Romania's National Gambling Office (ONJN). The license will enable Expanse Studios to distribute its proprietary gaming content to licensed operators in the regulated Romanian market.

This strategic expansion follows the company's successful growth in the U.S. market, where its content is currently available in more than 40 states through sweepstakes and social casino partnerships. The Romanian iGaming market represents a significant opportunity, with projections indicating it will reach $2.2 billion in 2025.

Positive

• Expansion into Romanian market worth $2.2 billion by 2025
• Strong U.S. presence with operations in 40+ states
• Strategic entry into high-growth European gaming market

Negative

• License approval pending and not guaranteed
• Entry into competitive European market may require significant resources

Valletta, Malta--(Newsfile Corp. - March 11, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its strategic expansion by applying for a Class 2 iGaming license in Romania. This license, issued by Romania's National Gambling Office (ONJN), will allow Expanse Studios to distribute its proprietary gaming content to licensed operators across the regulated Romanian market.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Expanse Studios has applied for a Class 2 iGaming license in Romania, to enable B2B content distribution in one of Europe's high-growth gaming markets
• Romania's iGaming market is projected to reach $2.2 billion in 2025, with steady growth expected, reinforcing the strategic importance of this expansion.
• This move follows Expanse Studios' rapid U.S. expansion, where its content is now available in 40+ states through sweepstakes and social casino partnerships

Click image above to view full announcement.

About Expanse Studios

Founded in 2017, Expanse Studios, part of Golden Matrix Group (NASDAQ: GMGI), is a leading B2B iGaming content provider, specializing in high-quality slots, crash games, table games, and gamified casino experiences. With a portfolio of over 55 proprietary games, Expanse Studios delivers market-adapted content for regulated markets, sweepstakes platforms, and social casinos worldwide.

Contacts:
Milan Koricanac
milan.koricanac@meridianbet.com

Source: Meridianbet Group

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244090

FAQ

What type of license has Expanse Studios (GMGI) applied for in Romania?

Expanse Studios has applied for a Class 2 iGaming license from Romania's National Gambling Office (ONJN) for B2B content distribution.

What is the projected size of Romania's iGaming market in 2025?

Romania's iGaming market is projected to reach $2.2 billion in 2025.

How many U.S. states currently offer Expanse Studios' (GMGI) gaming content?

Expanse Studios' content is available in over 40 U.S. states through sweepstakes and social casino partnerships.

What will the Romanian gaming license allow GMGI's Expanse Studios to do?

The license will allow Expanse Studios to distribute its proprietary gaming content to licensed operators across the regulated Romanian market.