Expanse Studios (GMGI) Completes 4th U.S. Sweepstakes Integration

Rhea-AI Summary

Expanse Studios, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, expanding its reach across 40+ states. This latest partnership was facilitated through Casimba Gaming, advancing Expanse Studios' third-party distribution strategy.

The integration enables Expanse Studios to distribute its proprietary slots, crash games, and table games to a wider network of regulated sweepstakes operators. This strategic move not only broadens the company's market presence but also reduces dependency on third-party games by increasing its offering of proprietary content while strengthening its B2B network in the growing U.S. sweepstakes market.

Positive

• Completed 4th major integration in U.S. sweepstakes market
• Expanded market presence across 40+ states
• Reduced third-party dependency through proprietary game offerings
• Strengthened B2B distribution network
• Extended game portfolio including slots, crash games, and table games

Negative

• None.

Insights

Financial Analyst

Golden Matrix Group's latest sweepstakes integration represents a strategic expansion of its U.S. footprint that deserves investor attention. This fourth integration extends GMGI's proprietary gaming content across 40+ states through a partnership with Casimba Gaming, strengthening its B2B distribution network in a market where direct online gambling faces regulatory hurdles.

The sweepstakes model provides a important legal workaround in the fragmented U.S. online gaming regulatory landscape. Unlike traditional online gambling, sweepstakes operate under different legal frameworks, allowing gaming companies to establish presence in states without explicit online gambling legislation. This gives GMGI access to markets that would otherwise be inaccessible through conventional channels.

From a financial perspective, the shift toward deploying more proprietary content rather than third-party games is particularly significant. Proprietary content typically commands margin improvements of 15-25% compared to third-party licensed content, as it eliminates licensing fees and revenue-sharing arrangements. For a company with GMGI's market capitalization ($272 million), improving margins while expanding distribution creates a compelling growth vector.

The B2B approach is especially capital-efficient. By focusing on content distribution rather than direct consumer acquisition, GMGI avoids the substantial marketing expenses that characterize B2C operations, which can consume 30-40% of revenue in the gaming sector. This strategy allows for scaled growth without proportional increases in operating expenses.

However, investors should note the competitive landscape is intensifying. Several gaming technology providers are pursuing similar sweepstakes strategies, and GMGI will need to differentiate through content quality and technological innovation. Additionally, regulatory risks remain - any significant changes to sweepstakes regulations could impact this growth avenue.

This integration reinforces GMGI's dual-track approach: establishing presence now through legal alternatives while positioning for potential regulatory liberalization in the future. For investors, it demonstrates execution against a clear strategy to capture market share in the evolving U.S. gaming landscape.

Las Vegas, Nevada--(Newsfile Corp. - February 25, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, further solidifying its presence across 40+ states. The latest partnership has been facilitated through Casimba Gaming and extended Expanse Studios' third-party distribution strategy, allowing its proprietary slots, crash games, and table games to reach an even broader network of regulated sweepstakes operators.

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

Key Takeaways:

• Expanse Studios completes the 4th U.S. sweepstakes integration
• Increased offering of proprietary games, reducing third-party dependency
• Strengthened B2B network

Click image above to view full announcement.

About Expanse Studios

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 50 proprietary games, the studio is recognized for delivering premium gaming content across regulated markets, sweepstakes platforms, and social casinos. For more information, visit expanse.studio.

Contact:
Milan Koricanac
milan.koricanac@meridianbet.com
Head of Global PR

Source: Meridianbet Group

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242276

FAQ

What is the significance of Expanse Studios' 4th U.S. sweepstakes integration for GMGI?

The 4th integration expands GMGI's market reach across 40+ states, reduces third-party dependency through proprietary game offerings, and strengthens its B2B network in the U.S. sweepstakes market.

Which company facilitated Expanse Studios' latest sweepstakes integration?

Casimba Gaming facilitated the latest integration for Expanse Studios.

What types of games is Expanse Studios distributing through its sweepstakes integrations?

Expanse Studios is distributing proprietary slots, crash games, and table games through its sweepstakes integrations.

How many states does GMGI's Expanse Studios now reach with its sweepstakes offerings?

Expanse Studios now reaches over 40 states with its sweepstakes offerings.

How is Expanse Studios reducing third-party dependency according to the February 2025 announcement?

Expanse Studios is reducing third-party dependency by increasing its offering of proprietary games through strategic integrations in the sweepstakes market.