Curated News
By: NewsRamp Editorial Staff
March 20, 2025

Meridianbet Secures Definitive License in Brazil, Unlocking New Revenue Streams

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Source News Release

TLDR

  • Golden Matrix's subsidiary, Meridianbet, secures a definitive federal license in Brazil, unlocking substantial revenue opportunities in the gaming market.
  • Meridianbet, through Meridian Gaming Brasil SPE Ltda, receives license No. 0086/2024 from Brazil's Ministry of Finance Secretariat of Prizes and Betting.
  • Meridianbet's newly granted license allows for market expansion, providing a best-in-class gaming experience to millions of players, driving success and growth in Brazil.
  • Meridianbet's nationwide online betting license marks a historic moment, solidifying its position in Brazil's regulated gaming sector with immense growth potential.

Impact - Why it Matters

This news is significant as it highlights Meridianbet's entry into the lucrative Brazilian gaming market, providing them with a platform for substantial revenue growth. The authorization to operate both online and retail betting in Brazil positions the company for long-term success and expansion. This development also underscores Golden Matrix Group's commitment to global expansion and shareholder value.

Summary

Golden Matrix Group Inc. subsidiary Meridianbet has been granted a definitive federal license by Brazil's Ministry of Finance Secretariat of Prizes and Betting, authorizing them to operate online and retail fixed-odds betting until December 31, 2029. The CEO of Golden Matrix Group, Brian Goodman, expressed excitement over this milestone, highlighting the revenue-generating potential in the Brazilian market.

This move cements Golden Matrix's strategic expansion in one of the world's largest gaming markets and positions Meridianbet for significant growth. With Brazil's Gross Gaming Revenue projected to reach $10 billion by 2029, the company's fully licensed status in the country opens up opportunities for market share capture and customer base expansion.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Meridianbet Secures Definitive License in Brazil, Unlocking New Revenue Streams

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