Golden Matrix Group, a prominent player in the gaming industry, has successfully completed its acquisition of the MeridianBet Group and its affiliated companies. The transaction, which involved a combination of cash, debt, and stock, marks a significant milestone for Golden Matrix as it expands its global presence.
The acquisition received unanimous approval from Golden Matrix’s Board of Directors and the company’s shareholders during a special meeting held on the 19th of March, 2024. By joining forces, the two companies have created a formidable enterprise that operates across 17 countries on four continents. This strategic move enables Golden Matrix to leverage the synergies between their business-to-business (B2B) and business-to-consumer (B2C) casino, sports betting, and tournament platforms.
The newly formed entity will continue trading on The Nasdaq Capital Market under the ticker symbol “GMGI,” allowing existing shareholders to retain their investment in the combined company. Golden Matrix’s CEO, Brian Goodman, expressed his excitement about the acquisition, stating, “This marks a momentous occasion and a transformative change for our rapidly growing company.”
He further emphasized the potential for substantial increases in both revenue and profitability resulting from the consolidation of the businesses. Goodman believes that the company is now well-positioned for continued growth, aiming to generate incremental value for all stakeholders.
Legal counsel for the transaction was provided by The Loev Law Firm, PC, representing Golden Matrix, and Howard & Howard, acting on behalf of the sellers. For additional details on the closing and related transactions, interested parties can refer to the Current Report on Form 8-K recently filed by Golden Matrix with the Securities and Exchange Commission.
With this acquisition, Golden Matrix Group consolidates its position as a key player in the gaming industry, poised to capitalize on the growing global demand for online gaming and betting services.
