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.
Expanse Studios, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, expanding its reach across 40+ states. This latest partnership was facilitated through Casimba Gaming, advancing Expanse Studios' third-party distribution strategy.
The integration enables Expanse Studios to distribute its proprietary slots, crash games, and table games to a wider network of regulated sweepstakes operators. This strategic move not only broadens the company's market presence but also reduces dependency on third-party games by increasing its offering of proprietary content while strengthening its B2B network in the growing U.S. sweepstakes market.
Expanse Studios, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has released its 55th game, Candy's Bonanza, strengthening its position in the U.S. sweepstakes and social casino market. The game is fully compatible with U.S. sweepstakes regulations and supports the company's expansion across more than 40 U.S. states. This launch represents another strategic step in developing and utilizing proprietary content within the Group's B2B iGaming portfolio.
Golden Matrix Group (NASDAQ: GMGI) and its subsidiary Meridianbet are preparing for Super Bowl LVIII with an unprecedented offering of over 880 unique betting options. The company has introduced an AI Sports Betting Recommender system that personalizes betting experiences by analyzing player behavior, past wagers, and real-time trends.
The innovative betting platform includes unique features such as Scorigami, MVP position predictions, shirt number totals, and a custom-wager 'Empty Bet' feature. This AI-driven approach aims to enhance user engagement by providing tailored betting suggestions and maximizing potential opportunities for users.
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.