Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference

In a dynamic session at the highly esteemed ICR 2025 Conference, Zoran Milosevic, CEO of Meridianbet, captivated a discerning audience of elite investors with the compelling growth narrative of Golden Matrix Group Inc. (GMGI). He highlighted a series of strategic market entries that firmly position the company for significant value creation as 2025 unfolds. Notably, GMGI led the conference in securing one-on-one meetings with investors, reflecting an impressive appetite for the company’s future prospects.

This world-class event, often heralded as the financial market’s Super Bowl, is recognized globally as the premier conference for small and medium-cap companies listed in the United States. The conference attracted over 3,000 participants, including institutional investors, sell-side analysts, investment bankers, and private equity professionals—all key stakeholders in the future of the gaming industry.

Building on GMGI’s success at the 2024 Citi Global TMT Conference, where they shared insights alongside industry heavyweights such as DraftKings, FanDuel, and IBM, the momentum continues to swell.

61% Year-Over-Year Growth Positions GMGI as a Gaming Industry Leader

At the conference, the elite investor audience was presented with GMGI’s preliminary FY 2024 revenue, which soared 61% year-over-year to an astounding $150 million, with pro forma consolidated revenue projected at $163 million. This extraordinary growth trajectory, fueled by strategic market expansions and cutting-edge technological innovations, underscores GMGI’s burgeoning dominance within the global gaming sector.

"We have reported a significant financial milestone and are set to continue this upward trajectory," said Milosevic during his presentation, emphasizing GMGI’s robust operational strategy.

Brazil: A Game-Changing Market Entry

Meridianbet’s recent acquisition of a coveted federal license in Brazil marks a potential game-changer. The Brazilian gaming market is projected to expand to between $2.5 billion and $4 billion annually. With immediate access to over 100 million potential customers across its 26 states, this strategic entry positions GMGI to capture a considerable share in one of the most lucrative markets worldwide.

"Securing our operating license in Brazil represents a monumental step forward for our business," stated Milosevic, who is optimistic about the growth opportunities this market presents.

North American Expansion Accelerates

The Group’s traction in North America exemplifies its agile multi-market growth strategy, which includes:

Strategic entry into the swiftly advancing U.S. sweepstakes gaming market, utilizing proprietary game content developed by Expanse Studios.
A pending gaming license application in Ontario, which stands as Canada’s largest regulated market.
Deployment of AI-driven gaming solutions to enhance player engagement and retention significantly.

GMGI’s Unified Ecosystem: A Competitive Moat

During his address, Milosevic articulated how Meridianbet’s six synergistic companies create a formidable competitive advantage, showcasing a unique ecosystem that includes:

A presence in 18 regulated jurisdictions, bolstered by a dedicated workforce of over 1,200 employees, including 100 software engineers.
Proprietary game development through Expanse Studios, leading to high-margin revenue and a reduced reliance on third-party content.
Ownership of strategic assets across vital growth landscape extensions, such as Mexplay in South America, Rkings in the UK, and Classics for a Cause in Australia.

2025: Multiple Growth Catalysts Ahead

As we look towards 2025, a perfect storm of strategic initiatives is set to propel GMGI into a new chapter of accelerated growth:

Anticipated revenue surges from the Brazilian market ramp-up.
Enhanced player monetization via proprietary AI technology deployment.
First-mover advantages in a suite of newly regulated markets.
Continued margin improvement through operational efficiencies.

For investors keen on tapping into the explosive growth of the global gaming sector, GMGI presents a unique opportunity as a proven operator with proprietary technology, diverse growth avenues, and strategic footholds in the most promising gaming markets.

To remain informed about these developments, visit the Group’s Investor Relations page or follow their social media channels:

About the Author

Kristal O’ Gribin, the Business Development Manager at Gambling Industry News, brings over 15 years of digital marketing experience within the iGaming sector. Formerly the Head of Casino at Entain and with past roles at Betfair and Amaya Gaming, Kristal’s extensive expertise positions her as a leading voice in driving growth and innovation in the gambling industry.