Meridianbet is a leading global sports betting and gaming operator and part of the Golden Matrix Group (NASDAQ: GMGI), which has now officially obtained an online gambling license in Brazil, entering one of the most profitable gaming markets in the world.
According to data from H2 Gambling Capital, this achievement allows Meridianbet to offer sports betting and iGaming services both online and offline, with the market's total gambling revenue (GGR) expected to reach $5.6 billion by 2025.
License details:
Authorization number: SPA/MF nº 2.104 – 45
Company name: MERIDIAN GAMING BRASIL SPE LTDA
Brand: MERIDIANBET
Brian Goodman, CEO of Golden Matrix Group, said: "This is a decisive moment for the entire Golden Matrix Group and our shareholders."
"Brazil represents an extraordinary market opportunity, and obtaining this license will enable Meridianbet to create significant value. With our proven proprietary technology and operational expertise, we will make a significant impact on Brazil's regulated gambling industry starting from 2025."
