LAS VEGAS, NV - May 2, 2025 (NEWMEDIAWIRE) - Golden Matrix Group Inc. (NASDAQ: GMGI) (“Golden Matrix”, “GMGI” or the “Company”) today announced that, through its subsidiary Expanse Studios, the Company has expanded its U.S. footprint through a new partnership with Blazesoft, a leading provider in the social gaming sector. The integration, carried out via Casimba Gaming, adds five additional social casino platforms - Fortune Coins, Zula Casino, Sportzino, YayCasino.com and YayCasino.us - to GMGI’s network and increases its GMGI’s total number of U.S. partnerships to 10.

The Blazesoft partnership extends the reach of Expanse Studios’ proprietary portfolio, which includes slots, crash games and table games, to a broader audience in North America. By leveraging Blazesoft’s platform capabilities, Expanse Studios aims to strengthen its U.S. presence and deliver a seamless gaming experience tailored for the North American market.

"Reaching a total of 10 integrations in the U.S., a critical expansion market, marks a substantial milestone in our growth strategy," said Damjan Stamenkovic, CEO of Expanse Studios. "Partnering with Blazesoft allows us to scale our proprietary content more effectively while continuing to expand our B2B network across the U.S. and beyond."

Strategic Expansion, Proprietary Content and Cost Efficiency

Golden Matrix’s expansion strategy centers on increasing the global footprint of its proprietary content. By integrating with new distribution partners, the company brings Expanse Studios games to larger audiences while reinforcing long-term control over its content pipeline.

Key benefits of the partnership with Blazesoft include:

• Broader Market Reach - Access to millions of players across multiple states, strengthening Expanse Studios’ presence in the U.S.;
• Cost Optimization - Increased focus on proprietary content helps reduce operational costs and improve margins; and
• Enhanced B2B Network - Integration with Blazesoft accelerates GMGI’s market penetration through a proven platform.

Accelerating U.S. Growth

With 10 U.S. integrations now complete, including this and another recent partnership with Blazesoft, Expanse Studios continues to build on its social casino strategy, delivering market-adapted content that meets player engagement standards. The Company’s proprietary titles are now available in 46 states, offering free-to-play slots, crash games and table games to a rapidly growing player base.

About Golden Matrix

Golden Matrix Group, based in Las Vegas NV, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.

About Expanse Studios

Founded in 2017, Expanse Studios, part of Golden Matrix Group (NASDAQ: GMGI), is a B2B iGaming content provider, specializing in slots, crash games, table games, and gamified casino experiences. With a portfolio of 55 proprietary games, the studio delivers high-quality, market-adapted content for regulated markets. For more information, visit expanse.studio or contact contact@expanse.studio.

About Blazesoft

Blazesoft is a pioneering force in the online entertainment industry, dedicated to redefining the boundaries of entertainment through cutting-edge technology and innovative gaming experiences. As a leading provider of online entertainment solutions, Blazesoft has garnered a reputation for excellence, marked by its commitment to player satisfaction, industry-leading partnerships, and a diverse range of high-quality games. 

Founded on a vision of delivering immersive and engaging gaming experiences, Blazesoft has rapidly emerged as a trusted name in the gaming landscape. With an ever-expanding portfolio of brands, including FortuneCoins.com, ZulaCasino.com, Sportzino.com, YayCasino.com, and YayCasino.us, the company is set to shape the future of online gaming. For more information, please visit blazesoft.ca.

About Casimba Gaming

Casimba Gaming is a premier iGaming aggregator and platform provider, offering game aggregation, white-label casino solutions, and player account management (PAM) systems. Known for its customization and scalability, Casimba Gaming enables fast casino launches and supports both social and real-money casinos. The company partners with top-tier providers to deliver high-quality game content and comprehensive operational support. For more information, visit casimbagaming.com.

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ICR

Investors:
Brett Milotte
Brett.Milotte@icrinc.com

Press:
Greg Michaels
Gregory.Michaels@icrinc.com

FORWARD-LOOKING STATEMENTS

Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements.

Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the ability of the Company to obtain the funding required to pay certain Meridianbet Group acquisition post-closing obligations, the terms of such funding, potential dilution caused thereby and/or covenants agreed to in connection therewith; potential lawsuits regarding the acquisition; dilution caused by the terms of the Note and Warrant, the Company’s ability to pay amounts due under the Note and covenants associated therewith and penalties which could be due under the Note and securities purchase agreement for failure to comply with the terms thereof; the business, economic and political conditions in the markets in which the Company operates; the effect on the Company and its operations of the ongoing Ukraine/Russia conflict and the conflict in Israel, changing interest rates and inflation, and risks of recessions; the need for additional financing, the terms of such financing and the availability of such financing; the ability of the Company and/or its subsidiaries to obtain additional gaming licenses; the ability of the Company to manage growth; the Company’s ability to complete acquisitions and the availability of funding for such acquisitions; disruptions caused by acquisitions; dilution caused by fund raising, the conversion of outstanding preferred stock, convertible securities and/or acquisitions; the Company’s ability to maintain the listing of its common stock on the Nasdaq Capital Market; the Company’s expectations for future growth, revenues, and profitability; the Company’s expectations regarding future plans and timing thereof; the Company’s reliance on its management; the fact that the sellers of the Meridianbet Group hold voting control over the Company; related party relationships; the potential effect of economic downturns, recessions, increases in interest rates and inflation, and market conditions, decreases in discretionary spending and therefore demand for our products and services, and increases in the cost of capital, related thereto, among other affects thereof, on the Company’s operations and prospects; the Company’s ability to protect proprietary information; the ability of the Company to compete in its market; the effect of current and future regulation, the Company’s ability to comply with regulations and potential penalties in the event it fails to comply with such regulations and changes in the enforcement and interpretation of existing laws and regulations and the adoption of new laws and regulations that may unfavorably impact our business; the risks associated with gaming fraud, user cheating and cyber-attacks; risks associated with systems failures and failures of technology and infrastructure on which the Company’s programs rely; foreign exchange and currency risks; the outcome of contingencies, including legal proceedings in the normal course of business; the ability to compete against existing and new competitors; the ability to manage expenses associated with sales and marketing and necessary general and administrative and technology investments; and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company’s products, including potential recessions and global economic slowdowns. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this press release are reasonable, we provide no assurance that these plans, intentions or expectations will be achieved.

Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company’s publicly-filed reports, including, but not limited to, under the “Special Note Regarding Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, including, but not limited to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Report on Form 10-Q for the quarter ended January 31, 2024, and future periodic reports on Form 10-K and Form 10‑Q. These reports are available at www.sec.gov.

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