Golden Matrix Group (Meridianbet, Expanse Studios) Officially Enters the U.S. Market

Golden Matrix Group (GMGI) has made a significant breakthrough by launching its game development division, Expanse Studios, into the highly lucrative U.S. market. This strategic entry marks a pivotal moment in GMGI’s North American expansion plan and showcases the company’s commitment to innovation and growth within the social casino gaming sector.

The integration of over 50 popular games from Expanse Studios—including groundbreaking slots, crash games, and social casino experiences—positions the company as a formidable player within the U.S. social casino gaming market, currently valued at $5.6 billion. Analysts anticipate this sector will double, surpassing $11 billion by 2025, underlining the critical nature of this new venture.

Reflecting on 2024, a year of transformation for Meridianbet, GMGI has not only listed on NASDAQ but also embarked on a global AI rollout and several market expansions. This shift is indicative of a broader trend in the gambling industry, where technology is increasingly driving engagement and profitability. For a detailed recap of their journey thus far, please follow this link: Journey Recap.

Damjan Stamenkovic, CEO of Expanse Studios, emphasized the significance of this entry: “Establishing ourselves in the U.S. market is a major milestone for Expanse Studios. Our games provide a unique, high-quality experience that distinguishes us in a fast-evolving industry. North America is crucial to our global growth strategy, and we are eager to explore the vast business opportunities that lie ahead on this continent.” Notably, shares of Golden Matrix Group can be traded through authorized brokers under the ticker code GMGI.

This statement is intended for informational purposes only and should not be construed as investment advice or a solicitation to buy or sell securities. Trading shares comes with inherent risks and is subject to relevant regulations in Malta.

In Q3 of 2024, Golden Matrix Group reported an impressive revenue growth of 75% year-over-year, demonstrating robust performance metrics. Specifically, total revenue for the first half of the year increased by 41%, while gross profit surged by 31%, underscoring the company’s trajectory of success.

The Golden Matrix Group encompasses several key brands in the gaming sector:

Meridianbet: One of the country’s oldest and fully licensed betting operators, renowned for integrity and customer service.
Expanse Studios: The fastest-growing iGaming development studio in Europe, known for its cutting-edge game design and innovation.
Rkings: A leading platform for both physical and digital sweepstakes in the UK, setting standards for player engagement.
Classics for a Cause: A dominant brand in sweepstakes and loyalty in Australia, combining entertainment with a philanthropic edge.
Mexplay: The most sought-after online casino platform in South America, capturing a large market share with localized offerings.
GM-AG: The largest global platform for the development and licensing of gaming software solutions, catering to diverse market needs.

As Golden Matrix Group and Expanse Studios continue to innovate and expand, their proactive approach to market growth and commitment to delivering high-quality gaming experiences positions them well for future success in the competitive landscape of the gambling industry.

For more insights and updates related to the gambling sector, stay connected as we explore emerging trends and success stories that shape this dynamic industry.