Golden Matrix, one of the leading Las Vegas, NV-based suppliers of configurable and scalable white-label gaming platforms, announces it has reached a major agreement with another B2B giant – MeridianBetGroup!
The provider has established itself as one of the most recognizable gaming technology companies, licensors, and global operators of iGaming and eCommerce platforms, systems, and casino content. It has decided to conquer new markets by acquiring one of the leading operators in Europe…
Reaching Major Agreement!
Golden Matrix concludes a significant acquisition deal with MeridianBet Group, expanding its presence in Europe.
Based on the agreement, Golden Matrix will acquire MeridianBet Group and its brands for up to $300 million.
The purchase agreement has been approved by the Board of Directors of each side.
After the transaction is completed, Golden Matrix will have the amazing opportunity to leave its footprint on several key markets where MeridianBet Group is currently present and licensed including 15 jurisdictions across Europe, Africa, and South America.
It is expected that all formalities will be completed by the end of Q1 2023.
However, as stated, both giants will continue to operate under their current names.
The Group and all its brands will become wholly owned subsidiaries of GMGI upon completion of the transaction.
It was also announced that the operator’s structure will remain absolutely the same, with only one change. Namely, Mr. William Scott will step in as Chairman of the Board.
Official Statements!
As we noted, both brands are satisfied with the new agreement, which will mark a major milestone for both parties. Reps enthusiastically commented…
Brian Goodman, CEO of Golden Matrix: “We are thrilled to announce our entry into a purchase agreement with the shareholders of MeridianBet Group. We believe that this acquisition will provide us entry into a well-established and highly scalable B2C vertical in new markets outside of our core markets. MeridianBet Group appealed to us with its proven business model that emphasizes organic growth, resilience to external economic factors, and exceptional products and technology. We are pleased to be on the path to completing this acquisition and look forward to strengthening and growing our position in the global online betting and gaming industry, expanding into new regulated markets, and maintaining our ongoing drive to scale the business as a whole at a rapid growth rate…”
Commenting on the Acquisition, Zoran Milosevic, Chief Executive Officer of MeridianBet Group said: “Today marks a major milestone for MeridianBet Group and its employees. As a public company traded on Nasdaq, in synergy with Golden Matrix, we expect to set an industry standard when it comes to worldwide gaming platforms and to be in an even stronger position to deliver on our aggressive growth strategy and expand into new markets, including Brazil and the US. Our brands, which are well known among worldwide online betting and gaming communities, are stronger together; and I am looking forward to working closely with Brian Goodman as we conclude the acquisition…”
Source:
“Golden Matrix Signs Agreement to Acquire MeridianBet Group’’. globenewswire.com, January 12, 2023.
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