Home » Golden Matrix Group Subsidiary Meridianbet Secures Online Betting License in Brazil

Golden Matrix Group Subsidiary Meridianbet Secures Online Betting License in Brazil

Golden Matrix Group Subsidiary Meridianbet Secures Online Betting License in Brazil

LAS VEGAS – (NewMediaWire) – January 2, 2025 – Golden Matrix Group Inc. (NASDAQ: GMGI) (“Golden Matrix” or the “Company”), a developer and licensor of online gaming platforms, systems, and gaming content, announced today that its subsidiary, Meridianbet, has officially secured an online betting license in Brazil, enabling access to one of the largest and most lucrative regulated gaming markets in the world.

The license establishes Meridianbet as an authorized operator in Brazil’s rapidly growing sports betting and iGaming industry, which is projected to generate $5.6 billion in gross gaming revenue (GGR) by 2025, according to H2 Gambling Capital. Meridianbet will now be able to operate across both online and physical channels in the Brazilian market, unlocking a transformational opportunity in a country with significant growth potential.

“Our entry into the Brazilian market is a defining moment for Golden Matrix and our stakeholders,” said Brian Goodman, CEO of Golden Matrix Group. “Brazil represents an extraordinary market opportunity, and securing this license positions us to deliver substantial and lasting value to those in the region. With our proven technology and operational expertise, we are poised to make a meaningful impact on Brazil’s regulated gaming landscape in 2025 and beyond.”

The license details are as follows:

  • Authorization Number: SPA/MF n 2.104 45

  • Request Number/Year: 0086/2024

  • Corporate Name: MERIDIAN GAMING BRASIL SPE LTDA

  • CNPJ: 56.195.600/0001-07

  • Brand: MERIDIANBET

  • Segments: Sports-themed and online gaming combined

  • Modalities: Physical and virtual combined

Golden Matrix’s strategic entry into Brazil reinforces its commitment to targeting high-growth markets and delivering innovative, localized gaming experiences that drive both customer engagement and shareholder returns.

About Golden Matrix Group

Golden Matrix Group (GMGI), based in Las Vegas, NV, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms, while its B2C operations, through Meridianbet, provide sports betting and gaming services across 18 regulated jurisdictions globally. Golden Matrix is committed to delivering cutting-edge technology and innovation to its clients and customers. For more information, visit www.goldenmatrix.com

About Meridianbet

Founded in 2001, Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 18 jurisdictions across Europe, Africa, and South America. The Meridianbet Group’s successful business model utilizes proprietary technology and scalable systems, allowing it to operate in multiple countries and currencies with an omni-channel approach to markets, including retail, desktop online, and mobile. The Company is part of the Golden Matrix Group (Nasdaq: GMGI).