Curated News
By: NewsRamp Editorial Staff
October 03, 2024
Meridian Gaming Brasil Successfully Passes Brazil's Exclusive Licensing Process for Sports Betting and iGaming
Discuss on RedditTLDR
- Meridian Gaming Brasil is one of only 89 companies selected at the Federal level for Brazil’s sports betting and iGaming market, positioning it to capture significant market share.
- Meridian Gaming Brasil passed another crucial round of Brazil’s exclusive licensing process for sports betting and iGaming, securing its place among the newly shortlisted operators.
- Meridian Gaming Brasil’s successful licensing process will allow it to tap into Brazil’s rapidly expanding market, reaching a diverse and eager audience, contributing to the country’s gaming industry growth.
- Brazil’s gambling industry is projected to generate $34 billion in sports betting turnover by 2028, providing insight into the market's potential and growth.
Impact - Why it Matters
This news matters as it highlights the strategic positioning of Golden Matrix Group Inc.'s subsidiary, Meridian Gaming Brasil, in Brazil’s lucrative sports betting and iGaming market, with the potential to capture a significant market share. The company's successful passage through the licensing process signifies its technological and operational leadership, as well as its capability to offer a full suite of gaming experiences to Brazilian players.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI) subsidiary, Meridian Gaming Brasil SPE LTDA, has successfully passed a crucial round of Brazil’s exclusive licensing process for sports betting and iGaming, positioning the company to operate nationwide during the adaptation period until December 31, 2024. Meridian Gaming Brasil's proprietary platform and marketing strategies have secured its place among the newly shortlisted operators, allowing it to tap into Brazil’s rapidly expanding market and reach a diverse audience.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Meridian Gaming Brasil Successfully Passes Brazil's Exclusive Licensing Process for Sports Betting and iGaming
