MeridianBet has released a business update outlining the company’s growth throughout 2023. The company operates in several markets worldwide, including those in Latin America, Europe and Africa.
During 2023, the company reported 25% revenue growth, surpassing its results from the previous year. MeridianBet also posted year-over-year increases in EBITDA and net profit of 10% and 6% respectively.
Along with financial growth, the company continued expanding globally. MeridianBet recently established a fully operational casinos and sportsbooks in Brazil. The company also submitted an “expression of interest” to gain a gaming license in Brazil.
Company CEO Zoran Milosevic elaborated further on MeridianBet’s results by saying, “We are extremely pleased with our strong year-on-year operating results and continued expansion into new regulated markets.
“We are especially excited about the recent legislation for online casino and sportsbook in Brazil one of the world’s largest gambling markets. “
MeridianBet also published its latest update on the proposed acquisition of Golden Matrix Group. Golden Matrix signed a definitive deal to purchase MeridianBet Group, along with its related companies. Both companies have agreed to a cash and stock transaction of close to $300m and agreed to continue operations under their current brand names.
Milosevic went on to discuss the company’s ongoing deal with Golden Matrix and said, “We look forward to the completion of the acquisition by Golden Matrix, now expected in the first quarter of 2024, and how the combined company will offer state-of-the-art B2B and B2C gaming platforms in multiple jurisdictions worldwide.
“The completion of this acquisition will drive long-term value for all our stakeholders as we benefit from economies of scale, and from both companies’ historical revenue and profit growth.”
