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's (GMGI) subsidiary Expanse Studios has successfully integrated with its second major U.S. social casino operator, expanding its presence in the U.S. sweepstakes market. The integration brings Expanse Studios' portfolio of premium slots, crash games, and table games to players across more than 40 states, including key markets like California, New York, and Florida.
The operator, described as part of one of the largest social sportsbooks in the U.S., will significantly increase visibility for Expanse Studios' sweepstakes-ready gaming content. The company has introduced a dedicated Social Wallet to streamline currency, token, and compliance adaptations, ensuring smooth integration across multiple operators. Additionally, Expanse Studios has launched social casino-compatible games, including Rich Panda and Wild West, with plans for 20+ new operator integrations in the coming weeks.
Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI), has achieved a significant milestone by being featured on Oracle's Global Customer Reference Page. This platform showcases the most advanced, high-impact projects implemented with Oracle technology globally.
The recognition positions Meridianbet among the most advanced AI-driven gaming technology deployments worldwide, making it the first company from Southeast Europe and among very few in Europe to receive this distinction. The company is part of the exclusive 5% Tech club and holds a license in Brazil.
Golden Matrix Group's (NASDAQ: GMGI) in-house development division, Expanse Studios, has significantly expanded its presence in the U.S. sweepstakes casino market. Since its market entry in late 2024, the company has doubled its game portfolio in just a few weeks. The expansion demonstrates notable growth metrics, including a 7x increase in player engagement in 2024 compared to 2023. This rapid expansion through in-house production is strengthening GMGI's B2B network while reducing dependency on third-party suppliers, resulting in lower operational costs.
Golden Matrix Group (NASDAQ: GMGI) has released its 2025 gaming business outlook, highlighting significant achievements and growth prospects. The company reported impressive year-to-date revenue of $105.3 million, marking a 55% growth rate. GMGI maintains strong gross margins exceeding 55% and currently trades at a Price-to-Sales ratio of 1.88, which is below the industry average of 3-5. The company's strategic expansion includes market entry into Brazil and pending licensing in New Jersey, positioning itself for growth in new markets.
Golden Matrix Group (NASDAQ: GMGI) has announced the resumption of its existing stock repurchase program. The company can repurchase outstanding common stock shares through open market or private transactions, with approximately $4.958 million available under the current program. GMGI currently has 129,242,993 shares outstanding.
CEO Brian Goodman reported that all divisions are performing at or above expectations with continued growth anticipated in Q4. As of September 30, 2024, the company maintained a strong balance sheet with $38.4 million in cash, well above its $17.5 million current portion of long-term debt. The company is servicing all debt in cash rather than equity and expects its cash position to support both debt settlement and potential accretive acquisitions.
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, has announced its participation in the 2025 ICR Conference. The event will take place from January 13-15, 2025, at the Grande Lakes Resort in Orlando, FL. Zoran Milosevic, Meridianbet's CEO, will engage in a fireside chat with an equity research analyst on January 13, 2025, at 2:30 PM ET. Management will be available for meetings throughout the conference, with interested parties directed to contact ICR for scheduling.
Golden Matrix Group (NASDAQ: GMGI) has announced that its subsidiary, Expanse Studios, has initiated the filing process for a B2B Gaming License in Ontario, Canada. This strategic move represents a significant step in the company's global expansion plans, targeting one of North America's key regulated iGaming markets.
Expanse Studios, a prominent player in the iGaming sector, boasts a portfolio of over 50 gaming titles, including social casino games, crash games, traditional slots, and table games.
Golden Matrix Group (NASDAQ: GMGI) has reported significant success from its sweepstakes business segments, RKings Competitions and Classics for a Cause. These divisions collectively contributed 27% of Q3 2024 revenue. RKings specializes in luxury prize draws in the UK and Ireland, while Classics for a Cause operates in Australia, focusing on classic car raffles for charitable fundraising. The company's sweepstakes operations demonstrate impressive efficiency with an average customer acquisition cost of approximately $2.
Golden Matrix Group (NASDAQ: GMGI) reported strong Q3 2024 performance with $41 million in consolidated revenue, representing an 85% year-over-year growth. Year-to-date revenue grew 55% to $105.3 million, with gross profit up 39% to $22.4 million. The company maintains a robust financial position with $38.4 million in cash and 60% growth in shareholder equity.
GMGI is approaching formal approval to enter Brazil's regulated market, which is projected to reach $5.6 billion in Gross Gaming Revenue by 2025. The company has also filed an At-The-Market (ATM) offering to enhance financial flexibility, though utilization remains optional based on market conditions.
Golden Matrix Group (NASDAQ: GMGI) announces that its subsidiary Meridianbet has received formal notice from Brazil's Ministry of Finance to proceed with the licensing process for operating in Brazil. The company has allocated funds for the licensing fee and will submit additional documentation, including proof of certification. Operations are expected to begin on January 1, 2025. This development marks a significant step in entering one of the world's most promising gaming markets, with Brazil being among the three most dynamic global growth markets. The company views this as a transformational opportunity for 2025.