Golden Matrix completes MeridianBet acquisition


Golden Matrix Group today announced the closing of the previously announced acquisition agreement, pursuant to which Golden Matrix acquired ownership of the MeridianBet Group and its related companies, in a cash, debt and stock transaction.

The acquisition was approved by Golden Matrix’s Board of Directors and by the Company’s shareholders at the special meeting held on March 19, 2024.

The combination of the two companies’ dynamic business-to-business (B2B) and business-to-consumer (B2C) casino, sports betting and tournament platforms creates a global enterprise operating in 17 countries on four continents.

The common stock of the combined company will continue trading on The Nasdaq Capital Market under the ticker symbol “GMGI.”

“This is a momentous occasion, and one that we believe will result in a fundamental, as well as a transformational, change for our rapidly growing company,” said Golden Matrix Chief Executive Officer, Brian Goodman, who continued, “The consolidated businesses are expected to deliver significant increases in both revenues and profitability; and we believe we are now well-positioned to continue our growth trajectory and deliver incremental value to all our stakeholders.”

The Loev Law Firm, PC acted as legal counsel to Golden Matrix in connection with the transaction and Howard & Howard acted as legal counsel to the sellers.

More information regarding the closing and relating transactions is described in the Current Report on Form 8-K filed today by Golden Matrix with the Securities and Exchange Commission.