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. (NASDAQ: GMGI) has announced a $5 million stock repurchase program authorized by its Board of Directors. The program is set to expire on July 15, 2025, unless extended or discontinued. CEO Anthony Brian Goodman highlighted potential benefits, including counteracting short interest, mitigating market overhang, and providing an attractive use of capital. Shares may be repurchased in the open market or through negotiated transactions, with repurchases made at management's discretion. The program will be funded using the Company's working capital and does not obligate GMGI to purchase any specific number of shares.
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