Welcome to our dedicated page for Meridian Holdings news (Ticker: MRDN), a resource for investors and traders seeking the latest updates and insights on Meridian Holdings stock.
Meridian Holdings Inc. reports developments in B2B and B2C online gaming, including sports betting, casino operations, proprietary gaming content and platform licensing. The company, formerly Golden Matrix Group, operates through Meridianbet Group, Expanse Studios, GMAG, RKings Competitions, Mexplay and Classics for a Cause across regulated international markets.
Recurring news themes include operating and financial results, profitability trends, balance-sheet changes, product and platform upgrades, regulated-market activity, governance matters and capital actions. Coverage also reflects the completed corporate rebrand to Meridian Holdings and the alignment of the public company identity with the Meridianbet operating brand.
Golden Matrix Group Inc. (GMGI) announced a registered direct offering to raise $3.5 million by selling 496,429 shares of common stock and corresponding warrants. The shares will be sold at $7.00 each, with warrants exercisable at $8.63 for three years. The offering, facilitated by EF Hutton, is set to close around October 27, 2021, subject to customary conditions. The initiative follows an effective shelf registration statement filed on October 5, 2021.
Golden Matrix Group (OTCQX: GMGI) announced its upgrade to the OTCQX Best Market, the highest tier of OTC Markets, effective September 22, 2021. This milestone reflects the company's adherence to stringent financial standards and corporate governance. CEO Brian Goodman emphasized that the upgrade will enhance their visibility to potential gaming operators and investors, anticipating future growth opportunities. Golden Matrix is a provider of online gaming platforms and content, with a focus on international markets.
OTC Markets Group Inc. announced that Golden Matrix Group, Inc. has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This transition underscores Golden Matrix's compliance with high financial standards and corporate governance, enhancing visibility among U.S. investors. CEO Brian Goodman highlighted that this step is pivotal for the company's growth and aims to increase shareholder value. The trading under symbol GMGI commenced on September 22, 2021.
Golden Matrix Group (GMGI) reported record revenues of $3,251,182 in Q2 '22, marking a 211% increase from $1,045,425 in Q2 '21 and a 23% rise from Q1 '22 revenues of $2,639,402. The net income reached $481,189, up from $127,872 year-over-year. For the first half of fiscal '22, revenues totaled $5,890,584, a 231% increase compared to $1,780,189 in the same period last year. The company is expanding its seamless gaming platform aiming for global market penetration, particularly in Europe and the Americas.
Golden Matrix Group (OTC: GMGI) reported over $3 million in revenue for Q2 2021, marking a significant 200% increase from $1.05 million in Q2 2020. The company has initiated the rollout of its GMX-Ag platform, an innovative gaming system, in the Asia-Pacific region, with plans to onboard 14 additional operators. This platform allows seamless integration with various gaming products and is expected to enhance GMGI's global reach in fast-growing regulated markets.
Golden Matrix Group, Inc. (OTC PINK:GMGI) announced a strategic partnership with Playson Ltd, enhancing its online gaming offerings. The agreement will integrate Playson's popular games, including Buffalo Power: Hold and Win and Solar Queen, onto GMGI's GM-X platform, servicing over 400 operators and 3.5 million users in the APAC region. This integration aims to boost market share and revenue growth, particularly with the upcoming launch of GM-Ag, GMGI's aggregate platform expected to attract global gaming operators.
Golden Matrix Group (OTCPK: GMGI) has reported record revenues of $1 million for June 2021, marking its first month surpassing this milestone. Total revenues for May and June exceeded $2 million, reflecting approximately 100% growth compared to $1.05 million in the same period last year. The increase in revenue is attributed to licensing fees from gaming operators in the Asia Pacific region, with 488 operators and 4.6 million registered users. CEO Anthony Goodman expects sustained growth through organic efforts and acquisitions.
Golden Matrix Group Inc. (GMGI) has announced a distribution agreement with Fantasma Games AB to host its portfolio of casino betting games on GMGI's GM-X platform, enhancing its presence in the online gaming market. The GM-X platform currently serves over 400 operators and 3.5 million users in the Asia Pacific region. This partnership aims to boost GMGI's content offerings and expand into new markets with the upcoming GM-Ag platform. The integration of Fantasma’s games is expected shortly, marking a significant step in GMGI's growth strategy.
Golden Matrix Group (GMGI) reported record revenues of $2,639,402 for Q1 2022, up 259% year-over-year, marking its 11th consecutive quarter of profitability. Net income rose to $127,872 compared to $52,158 in Q4 2021. Adjusted EBITDA reached $663,311. As of April 30, 2021, cash and cash equivalents stood at $11,750,489, with total assets of $15,162,029, and current liabilities of $1,241,070. The acquisition of a seamless aggregation platform positions GMGI for entry into new markets and enhances its global footprint.
Golden Matrix Group (GMGI) reported a significant revenue increase of 59% for fiscal 2021, totaling $5,223,059 compared to $3,288,575 in the prior year. EBITDA stood at $2,366,344, slightly down from $2,476,361 year-over-year. Cash on hand improved by 531% to $11,706,349, and total assets rose 273% to $13,814,574. Total liabilities decreased by 55% to $552,610, further enhancing shareholders' equity by 436% to $13,261,937. The company aims to expand its global customer base and introduce new products in fiscal 2022.