Curated News
By: NewsRamp Editorial Staff
December 19, 2025
Golden Matrix Appoints Gaming Veteran Atul Bali to Board
TLDR
- Golden Matrix Group appoints Atul Bali, a gaming expert with 30+ years experience, potentially enhancing governance and strategic growth for competitive advantage.
- Atul Bali joins Golden Matrix's Board and key committees, bringing structured expertise from public companies and regulated gaming sectors across 50+ countries.
- Strengthening Golden Matrix's leadership with experienced governance supports responsible gaming technology development for global markets.
- Atul Bali's career spans leading gaming companies worldwide, including roles at Everi, GTECH, and Aristocrat, now joining Golden Matrix.
Impact - Why it Matters
This board appointment is strategically crucial for Golden Matrix as it seeks to scale its global gaming operations. Atul Bali's unparalleled experience in navigating complex regulatory environments across over 50 countries and guiding companies through major transactions like the $6.3 billion Everi acquisition provides Golden Matrix with immediate credibility and expertise. For investors and industry observers, this move signals Golden Matrix's serious intent to compete at a higher level, potentially accelerating its growth, improving corporate governance, and facilitating future mergers and acquisitions. In the hyper-competitive and heavily regulated global gaming market, having leadership with proven success in licensing, turnarounds, and international expansion is a significant competitive advantage that can directly influence the company's market position, regulatory compliance, and shareholder value.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI), a global gaming technology company based in Las Vegas, has announced a significant board appointment that signals strategic ambitions. The company has appointed Mr. Atul Bali as a Non-Executive Director, effective December 18, 2025. Mr. Bali brings over three decades of deep executive and board-level experience from the highly regulated gaming, lottery, fintech, and digital entertainment sectors, having operated in more than 50 countries. His most recent role was as Lead Independent Director of Everi Holdings Inc., a position he held from 2019 until the company's $6.3 billion acquisition by Apollo Global Management in July 2025. This appointment represents a major coup for Golden Matrix, as Bali's extensive background includes guiding companies through complex phases like IPOs, private equity transactions, operational turnarounds, and navigating stringent regulatory licensing processes across Europe, North America, Latin America, Asia, and Africa.
In addition to his board seat, Mr. Bali has been appointed to key committees, serving as a member of the Audit Committee and the Nominating and Corporate Governance Committee, and taking on the role of Chairman of the Compensation Committee. His career highlights include former President & CEO roles at major industry players like GTECH G2 Ltd. (now part of IGT) and Aristocrat Technologies Inc., as well as Chairman of The Football Pools Ltd. and President & CEO of RealNetworks Inc. William Scott, interim CEO of Golden Matrix, hailed the appointment as a "significant milestone," emphasizing that Bali's proven track record in guiding public companies through growth, mergers and acquisitions, and multi-jurisdictional regulatory landscapes is "directly aligned with our strategic priorities." Mr. Bali is also a Fellow Chartered Accountant with the Institute of Chartered Accountants in England and Wales.
The announcement coincides with the resignation of Mr. Thomas McChesney as an Independent Director, effective December 12, 2025. Golden Matrix is an established B2B and B2C gaming technology firm. Its B2B division develops and licenses proprietary gaming platforms to a wide client list, while its B2C division operates RKings Competitions, a high-volume eCommerce site for paid competitions, and MEXPLAY, a regulated online casino in Mexico. The company's 2024 acquisition of Meridianbet Group, a leading online sports betting and gaming operator licensed across Europe, Africa, and South America, further expands its global footprint. The company emphasizes strict compliance with U.S. law, with software designed to automatically decline gaming requests from within the United States. Investors can view the original release on www.newmediawire.com for further details.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Appoints Gaming Veteran Atul Bali to Board
