Golden Matrix celebrates social casino debut by Expanse Studios subsidiary
The company said the launch falls in line with its ongoing global expansion plan.
Las Vegas-based Golden Matrix Group (GMGI) has launched its first social casino, titled Beach Penalties, from its Expanse Studios subsidiary.
Beach Penalties features a soccer penalty shootout on a beach landscape is designed to allow players to score penalties and win prizes while engaging the goalkeeper.
Golden Matrix serves as a licensor, developer and global operator in both the eCommerce and online gaming platforms.
The company said in a statement, “The introduction of Beach Penalties is part of Golden Matrix Group’s broader strategy to diversify its gaming portfolio and leverage emerging trends within the gaming industry.
“The release marks Expanse’s growth into the fast-growing social gaming market, unlocking a new category within the company’s diverse portfolio of gaming products.”
Expanse Studios CEO Damjan Stamenkovic expressed the company’s excitement to make its way onto to the social casino scene by saying, “The launch of Beach Penalties is an exciting development for Expanse Studios as we enter the social gaming market for the first time.
“Social casino games represent a significant opportunity for growth, and Beach Penalties allows us to showcase our ability to create engaging, accessible content that resonates with a wide audience. We look forward to further expanding our social casino offerings and pursuing new opportunities in this thriving market.”
In other GMGI news, Meridianbet Founder Aleksandar Milovanović recently agreed to convert $2m in debt he was owed from GMGI’s recent Meridianbet merger acquisition into company equity.
As a result, his total debt will be reduced from nearly $2.8m to almost $0.8m.
Golden Matrix said that this move, “highlights Milovanović’s confidence in Golden Matrix Group’s performance and his commitment to ensuring the company continues its significant growth trajectory.”
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