Closure: Golden Matrix acquires MeridianBet a year on

April 9, 2024
By
Leer en Español

The deal seeks to expand Golden Matrix's global footprint.

Golden Matrix has today finalized the acquisition of B2C sports betting and gaming group MeridianBet in a deal worth $300m. 

Initially signed on January 12 2023, the deal then became drawn out due to a series of alterations. However, last month the Golden Matrix Board of Directors and shareholders approved the acquisition, which is now officially complete.  

Currently, MeridianBet operates across 15 regulated markets across Africa, Europe and South America as an online sports betting and gaming group. The conversation surrounding alterations of terms first emerged last summer and saw the transaction value of the deal increase, following a strong performance from the operator.  

In October, further amendments were made, as it was agreed that MeridianBet would contribute $30m towards closing costs.  

By acquiring MeridianBet, Golden Matrix is set to extend its global footprint, now operating in 17 countries across four continents. Further, it will be hoping to combine MeridianBet’s B2C knowledge with its own B2B infrastructure to enhance both the company’s growth and its user experience in the coming years. 

Golden Matrix CEO Brian Goodman said, “This is a momentous occasion, and one that we believe will result in a fundamental, as well as transformational, change for our rapidly growing company. The consolidated businesses are expected to deliver significant increases in both revenues and profitability; and we believe we are now well-positioned to continue our growth trajectory and deliver incremental value to all our stakeholders.”  

The finalization of this acquisition comes shortly after Golden Matrix announced record revenue of $11.84m for Q1 2024.  

State-by-State

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.