Meridianbet, a leading global sports betting and gaming operator and part of the Golden Matrix Group (NASDAQ: GMGI), has officially secured an online betting license in Brazil, unlocking access to one of the most lucrative gaming markets in the world.
This achievement allows Meridianbet to offer sports betting and iGaming services across both online and physical channels in a market projected to generate $5.6 billion in gross gaming revenue (GGR) by 2025, according to H2 Gambling Capital.
The license details:
Authorization Number: SPA/MF nº 2.104 – 45
Corporate Name: MERIDIAN GAMING BRASIL SPE LTDA
Brand: MERIDIANBET
“This is a defining moment for the entire Golden Matrix Group and our shareholders,” said Brian Goodman, CEO of Golden Matrix Group.
“Brazil represents an extraordinary market opportunity, and securing this license positions Meridianbet to deliver substantial value. With our proven proprietary technology and operational expertise, we are poised to make a meaningful impact on Brazil’s regulated gaming landscape, starting in 2025.”