Golden Matrix Group Incorporated (NASDAQ:GMGI), a prominent developer, licensor, and global operator of online gaming and eCommerce platforms, has finalized the acquisition of the MeridianBet Group and its affiliated companies. This strategic move, involving a blend of cash, debt, and stock transactions, was sanctioned by Golden Matrix’s board of directors and shareholders during a special meeting on March 19, 2024.
A Global Gaming Enterprise
The integration of the MeridianBet Group into Golden Matrix heralds a new era, fusing their vibrant business-to-business (B2B) and business-to-consumer (B2C) platforms for casinos, sports betting, and tournaments. This amalgamation propels the combined entity into the global spotlight, with operations spanning across four continents.
Golden Matrix will continue trading its common stock on The Nasdaq Capital Market under the familiar ticker symbol ‘GMGI’.
“This marks a pivotal moment in our journey, promising significant advancements for our flourishing enterprise,” remarked Brian Goodman, the CEO of Golden Matrix. “The consolidated venture is poised to yield substantial growth in revenues and profitability, fortifying our commitment to value creation for all stakeholders.”
Zoran Milosevic, CEO of MeridianBet Group, echoed similar sentiments, stating, “Today is monumental for our unified force. Our collaboration extends our outreach and enriches our ability to furnish customers with a diverse array of offerings, solidifying our stance as a premier global betting conglomerate.”
The successful execution of this transaction owes credit to the legal expertise of The Loev Law Firm, PC, representing Golden Matrix, and Howard & Howard, acting on behalf of the sellers. Further details regarding the closure and associated transactions have been duly disclosed in the Form 8-K report filed by Golden Matrix with the Securities and Exchange Commission.
The acquisition of MeridianBet Group signifies Golden Matrix’s strategic intent to reinforce its foothold in the global gaming arena, promising enhanced services and experiences for its clientele. With a shared vision for innovation and growth, this synergy is poised to redefine the dynamics of online gaming and eCommerce platforms on a global scale.
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