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 (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.