Valletta, Malta, 11 March 2025 - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its strategic expansion by applying for a Class 2 iGaming license in Romania. This license, issued by Romania’s National Gambling Office (ONJN), will allow Expanse Studios to distribute its proprietary gaming content to licensed operators across the regulated Romanian market.

According to Statista, the Romanian online gambling sector has emerged as one of Europe’s key gaming markets, with revenue expected to hit $2.2 billion in 2025 and reach $2.56 billion by 2029. The casino and casino games segment alone is projected to generate $1.39 billion this year, demonstrating strong demand for premium gaming content.

"Securing a Romanian license will be a crucial step in our European expansion strategy," said Damjan Stamenkovic, CEO of Expanse Studios. "With a thriving iGaming sector and a strong regulatory framework, Romania represents a key growth opportunity. This move aligns with our broader vision of delivering high-quality content to new, regulated, and lucrative markets."

This European expansion follows Expanse Studios' strong momentum in the U.S., where the company has integrated with multiple social casino and sweepstakes operators, making its content available in 40+ states. The ability to operate across both North American and European markets strengthens Expanse Studios' position as a globally recognized B2B content provider.

With more than 55 proprietary games, including slots, crash games, and table games, Expanse Studios is well-positioned to serve operators in both established and emerging regulated markets. The company continues to leverage strategic partnerships, advanced gaming solutions, and regulatory approvals to fuel its international expansion.

Founded in 2017, Expanse Studios, part of Golden Matrix Group (NASDAQ: GMGI), is a leading B2B iGaming content provider, specializing in high-quality slots, crash games, table games, and gamified casino experiences. With a portfolio of over 55 proprietary games, Expanse Studios delivers market-adapted content for regulated markets, sweepstakes platforms, and social casinos worldwide.

For more information, visit expanse.studio or contact contact@expanse.studio.

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