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. (NASDAQ: MRDN), formerly Golden Matrix Group, Inc. (NASDAQ: GMGI), generates a steady flow of news as an online gaming and iGaming technology company operating across multiple regulated markets. Based in Las Vegas, Nevada and listed on The NASDAQ Capital Market, the company reports on developments in its B2B platform business, B2C betting operations, acquisitions, and corporate governance through press releases and SEC-related disclosures. The company changed its corporate name and ticker symbol effective March 2026.
News about Meridian Holdings often highlights activity within its key subsidiaries and divisions. Meridianbet, a subsidiary and major segment of the group, features in announcements about licensing in new jurisdictions, product enhancements for online sports betting and gaming, and expansion of B2B operations in regulated markets. Expanse Studios, the company’s B2B iGaming content arm, appears in updates on new game launches, distribution partnerships, and certifications that enable it to supply proprietary slots, crash games, table games, and gamified casino experiences to operators worldwide.
Coverage of MRDN also includes items related to its proprietary GM-AG (Atlas) iGaming aggregator platform, which research summaries describe as offering access to a large catalog of games and incorporating AI-driven user learning and betting recommendation capabilities. Investors and industry followers can find news on platform enhancements, market entries, and the use of artificial intelligence to support user engagement and recurring revenue models.
Corporate and capital markets developments form another important category of Meridian Holdings news. Recent communications and Form 8-K filings have addressed leadership transitions, including the appointment of an Interim Chief Executive Officer, Board-level changes, share repurchase authorization, and acquisition-related consideration being settled in common stock. Earnings-related press releases referenced in Form 8-K filings provide updates on quarterly performance and the use of non-GAAP financial measures.
This news page for MRDN (formerly GMGI) brings together these items in one place, helping readers follow updates on licensing milestones, new products and content, strategic partnerships, governance changes, and financial communications as they are announced.
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.
Golden Matrix Group (OTC PINK: GMGI) announced the launch of its first custom-built online sportsbook platform in a significant market, coinciding with the Indian Premier League kickoff. The platform is powered by Amelco UK, a leading sports betting provider. CEO Brian Goodman highlighted the opportunity to tap into a massive sports audience with 2-3 billion cricket fans. The integration of this sportsbook into their GM-X technology platform aims to enhance player engagement. The company plans to roll out the system with more clients over the next six weeks and seeks U.S. gaming approval later this year.
Golden Matrix Group (OTC Pink: GMGI) announced the acquisition of the GMX-Ag aggregate gaming system from Gamefish Global Pty. Ltd. This strategic move aims to enhance GMGI's global market presence. The GMX-Ag platform will feature over 10,000 casino games, integrating with operators’ systems and offering tools for player acquisition and retention. GMGI plans to target developing markets, including Asia, Latin America, and Eastern Europe. CEO Anthony Goodman highlights the company’s expansion efforts through this acquisition and the hiring of industry veterans.
Golden Matrix Group (GMGI) reported an anticipated record revenue of approximately $1.9 million for the fourth fiscal quarter ended January 31, 2021, exceeding its earlier projection of $1.7 million. January 2021 alone contributed around $740,000. This represents a 28% increase from the previous quarter's revenue of $1.49 million and a 117% improvement year-over-year compared to $876,753. The revenue growth is attributed to licensing fees from gaming operators in the Asia Pacific region, supported by a user base of about 3.9 million.