Expanse Studios (GMGI) Secures Brazilian iGaming Certification
Rhea-AI Summary
Expanse Studios, a subsidiary of Golden Matrix Group (NASDAQ: GMGI), has achieved a significant milestone by securing Brazilian iGaming certification from Gaming Laboratories International (GLI) for its proprietary crash game Super Heli.
The certification, issued under GLI Report Number MO-711-MEN-24-03-711, confirms the game's compliance with Brazil's federal iGaming technical standards. This development follows Golden Matrix's recent acquisition of a definitive license for Meridianbet's online and retail betting operations in Brazil.
The Brazilian market shows promising potential, with projections indicating $5.6 billion in gross gaming revenue (GGR) for 2025, according to H2 Gambling Capital data.
Positive
- Secured Brazilian iGaming certification for Super Heli game
- Entry into Brazilian market with projected $5.6B GGR in 2025
- Recent acquisition of Meridianbet's Brazilian operations license
Negative
- None.
Las Vegas, Nevada--(Newsfile Corp. - April 2, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has received the game certification for the Brazilian market. Issued by Gaming Laboratories International (GLI). The certification covers Expanse's proprietary crash game Super Heli, one of the company's best-performing titles globally. The game was certified under GLI Report Number MO-711-MEN-24-03-711, in full compliance with Brazil's federal iGaming technical standards.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Expanse Studios, a subsidiary of Golden Matrix Group (NASDAQ: GMGI), has received official certification for its top-performing crash game Super Heli in Brazil, issued by Gaming Laboratories International (GLI)
- The expectation for 2025 is very optimistic, with projections to generate US
$ 5.6 billion in gross gaming revenue (GGR) alone, according to data from H2 Gambling Capital. - This certification follows Golden Matrix's recently secured definitive license for Meridianbet's online and retail betting operations in Brazil
Click image above to view full announcement.
About Super Heli
Super Heli is an innovative crash-type iGaming title where players bet on a rising multiplier and attempt to cash out before it crashes.
“Our first certification in Brazil marks a significant milestone in our global expansion strategy,” said Damjan Stamenkovic, CEO of Expanse Studios. “Brazil’s regulated iGaming market offers substantial growth potential, and Super Heli’s certification opens the door for the broader deployment of our proprietary content. Together with Meridianbet’s definitive betting license, we are well-positioned to create long-term value for our shareholders in this important market.”
About Expanse Studios
Founded in 2017, Expanse Studios, part of Golden Matrix Group (NASDAQ: GMGI), is a leading B2B iGaming content provider specializing in slots, crash games, table games, and gamified casino experiences. With a portfolio of 55+ proprietary games, Expanse Studios delivers market-adapted content across regulated markets, sweepstakes platforms, and social casinos worldwide. For more information, visit expanse.studio.
About Golden Matrix Group
Golden Matrix Group (NASDAQ: GMGI) is a developer and licensor of advanced online gaming platforms and content. The Company operates in regulated markets globally through its B2B and B2C business units, including Expanse Studios and Meridianbet. For more information visit goldenmatrix.com.
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/247074
FAQ
What certification did Expanse Studios (GMGI) receive for the Brazilian market?
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Which game from Expanse Studios received Brazilian certification?
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