Curated News
By: NewsRamp Editorial Staff
August 28, 2024

Golden Matrix Group (NASDAQ: GMGI) Expanding Market Presence and Anticipating Entry into the U.S. iGaming Market

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Source News Release

TLDR

  • Golden Matrix Group is expanding into the U.S. iGaming market, positioning itself to access a projected $20 billion market in Brazil.
  • The Company, through its subsidiary Expanse Studios, is applying for the New Jersey Casino Service Industry Enterprise license to provide iGaming content to licensed operators.
  • GMGI's expansion into new markets will create more opportunities for online gaming and potentially contribute to economic growth in the U.S., Brazil, and other key markets.
  • Meridianbet, a subsidiary of GMGI, will be uniquely positioned to operate in the rapidly expanding Brazilian gambling market, making it a company to watch in the coming years.

Impact - Why it Matters

The expansion and entry into new markets by Golden Matrix Group and its subsidiary, Meridianbet, have the potential to significantly impact the rapidly growing iGaming industry. The company's initiatives in the U.S. and other key markets could open up new opportunities for players and operators, ultimately shaping the landscape of online gaming.

Summary

Golden Matrix Group (NASDAQ: GMGI) is making strides in expanding its market presence, particularly in the U.S. iGaming market. The company is anticipating entry into the New Jersey Casino Service Industry Enterprise license and is in discussions with licensed gaming operators in the state. The company also has plans to expand its presence in other regulated iGaming states and European markets.

Additionally, GMGI's subsidiary, Meridianbet, is focused on implementing its brand in key markets such as Brazil, Peru, and South Africa, with a pending federal license in Brazil and plans to secure licenses in other countries. The licensing process in Brazil is expected to be completed by the end of December 2024, positioning Meridianbet as one of the companies likely to operate in this rapidly expanding market going forward.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Golden Matrix Group (NASDAQ: GMGI) Expanding Market Presence and Anticipating Entry into the U.S. iGaming Market

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