Golden Matrix Group Subsidiary Meridianbet Launches Revolutionary AI-Powered Bet Recommender

Rhea-AI Summary

Golden Matrix Group (NASDAQ: GMGI) has announced the launch of an AI-powered Bet Recommender through its subsidiary Meridianbet. The new system provides real-time, personalized betting suggestions by analyzing thousands of data points from sports events and odds parameters. Built on Meridianbet's Atlas platform, the recommender features data-driven decisions, tailored suggestions, and real-time adaptability with CRM integration.

The Atlas platform supports over 110,000 events monthly and operates across 20+ markets. Meridianbet's operations span Europe, Africa, and Latin America, offering various gaming products including sports betting, iGaming, lotteries, and raffles.

Positive

• Launch of innovative AI-powered betting technology
• Platform handles 110,000+ events monthly
• Extensive market presence across 20+ jurisdictions
• Diversified gaming portfolio across multiple verticals
• Proprietary technology ownership

Negative

• None.

Insights

Tech Product Analyst

The launch of Meridianbet's AI-powered Bet Recommender represents a significant technological advancement in the sports betting industry. The system's microservice architecture and integration with Atlas platform demonstrates robust scalability potential, capable of handling 110,000+ monthly events. The real-time processing capabilities and CRM integration create a compelling competitive advantage in user engagement and retention.

The platform's ability to process thousands of data points for personalized recommendations positions GMGI strongly against competitors. However, the success will largely depend on user adoption rates and the accuracy of the AI predictions. The technology stack suggests strong operational efficiency, but implementation costs and regulatory compliance across different jurisdictions could impact near-term profitability.

Market Research Analyst

This product launch strategically positions GMGI in the high-growth sports betting market. Operating across 20+ markets with a diversified portfolio strengthens the company's market presence. The proprietary technology ownership is particularly valuable, offering both cost advantages and flexibility in product development.

The integration of AI technology addresses the growing demand for personalized betting experiences, a key trend in the industry. The comprehensive geographic footprint across Europe, Africa and Latin America provides multiple growth vectors. However, market success will depend on user acceptance and regulatory compliance in each jurisdiction.

LAS VEGAS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and licensor of online gaming platforms, systems, and content, today announced the launch of the AI-powered Bet Recommender by its sports betting division Meridianbet.

The AI Bet Recommender is designed to offer real-time, personalized betting suggestions, tailored to individual player preferences and habits. By processing thousands of data points from sports events and odds parameters, the AI platform ensures that each bet is informed, timely, and highly relevant to the user.

Key features include:

• Data-Driven Decisions: Utilizing vast sports data and odds to deliver precise betting choices.
• Tailored Suggestions: Customized bet recommendations aligned with individual user behaviors.
• Real-Time Adaptability: Offering dynamic, live bet recommendations during events to capture in-play opportunities.
• Seamless CRM Integration: The AI recommender is fully integrated with top-tier CRM solutions, empowering operators with more effective user engagement and segmentation tools.

This cutting-edge product sets a new standard in personalized sports betting, leveraging the latest AI-driven technology to enhance user experience and optimize betting decisions.

Atlas: The Technology behind the Innovation

The AI Bet Recommender is built on Atlas, Meridianbet’s fifth generation sports betting and online casino platform. Key features of Atlas include:

• Microservice-Based Architecture: Ensures resilience and flexibility, allowing for rapid feature deployment and scaling.
• Top-Tier Performance: Supporting over 110,000 events per month, with seamless adaptability between on-premise and cloud-based installations.
• Unparalleled Scalability: Designed to handle complex operational needs across diverse markets.

Meridianbet’s Legacy of Gaming Innovation

With over two decades of experience in the gaming industry, Meridianbet is a pioneer in both sports betting and iGaming, continually pushing the boundaries of technological innovation. The company operates across 20+ markets, offering a wide portfolio of products and services across B2B, B2C, retail, and online verticals, including lotteries, raffles, and gaming.

Key highlights of Meridianbet include:

• Global Reach: Active across Europe, Africa, and Latin America, with operations in over 25 jurisdictions.
• Diversified Portfolio: A robust business model across retail and online gaming.
• Proprietary Technology: In-house software development ensures unmatched control, scalability, and innovation.

As a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), Meridianbet demonstrates the company’s focus on technological innovation and operational excellence within the sports betting and iGaming sectors. With a strong history of performance, a diversified product portfolio, and proprietary technology, Meridianbet is well-positioned to pursue growth opportunities across both established and emerging markets.

The introduction of the AI Bet Recommender further reflects Golden Matrix Group’s ongoing commitment to enhancing its offerings, while adhering to industry standards and regulations. Both companies remain focused on delivering long-term value through continued innovation and responsible gaming practices, contributing to the evolution of the gaming industry.

About Golden Matrix Group

Golden Matrix Group, based in Las Vegas, NV, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients, while its B2C division, including Meridianbet, operates regulated online sports betting and gaming sites.

Connect with us:

X - https://twitter.com/gmgi_official

Instagram - https://www.instagram.com/goldenmatrixgroup/

About Meridianbet

Founded in 2001, Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 18 jurisdictions across Europe, Africa and South America. Meridianbet's successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omni-channel approach to markets, including retail, desktop online and mobile.

Connect with us:

X: https://x.com/meridianbet_ofc

Email: ir@meridianbet.com

Forward-Looking Statements

Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements.

Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the ability of the Company to obtain the funding required to pay certain Meridianbet Group acquisition post-closing obligations, the terms of such funding, potential dilution caused thereby and/or covenants agreed to in connection therewith; potential lawsuits regarding the acquisition; dilution caused by the terms of the Note and Warrant, the Company’s ability to pay amounts due under the Note and covenants associated therewith and penalties which could be due under the Note and securities purchase agreement for failure to comply with the terms thereof; the business, economic and political conditions in the markets in which the Company operates; the effect on the Company and its operations of the ongoing Ukraine/Russia conflict and the conflict in Israel, changing interest rates and inflation, and risks of recessions; the need for additional financing, the terms of such financing and the availability of such financing; the ability of the Company and/or its subsidiaries to obtain additional gaming licenses; the ability of the Company to manage growth; the Company’s ability to complete acquisitions and the availability of funding for such acquisitions; disruptions caused by acquisitions; dilution caused by fund raising, the conversion of outstanding preferred stock, convertible securities and/or acquisitions; the Company’s ability to maintain the listing of its common stock on the Nasdaq Capital Market; the Company’s expectations for future growth, revenues, and profitability; the Company’s expectations regarding future plans and timing thereof; the Company’s reliance on its management; the fact that the sellers of the Meridianbet Group hold voting control over the Company; related party relationships; the potential effect of economic downturns, recessions, increases in interest rates and inflation, and market conditions, decreases in discretionary spending and therefore demand for our products and services, and increases in the cost of capital, related thereto, among other affects thereof, on the Company’s operations and prospects; the Company’s ability to protect proprietary information; the ability of the Company to compete in its market; the effect of current and future regulation, the Company’s ability to comply with regulations and potential penalties in the event it fails to comply with such regulations and changes in the enforcement and interpretation of existing laws and regulations and the adoption of new laws and regulations that may unfavorably impact our business; the risks associated with gaming fraud, user cheating and cyber-attacks; risks associated with systems failures and failures of technology and infrastructure on which the Company’s programs rely; foreign exchange and currency risks; the outcome of contingencies, including legal proceedings in the normal course of business; the ability to compete against existing and new competitors; the ability to manage expenses associated with sales and marketing and necessary general and administrative and technology investments; and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company’s products, including potential recessions and global economic slowdowns. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this press release are reasonable, we provide no assurance that these plans, intentions or expectations will be achieved.

Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company’s publicly-filed reports, including, but not limited to, under the “Special Note Regarding Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, including, but not limited to, the Company’s Annual Report on Form 10-K for the year ended October 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended January 31, 2024, and future periodic reports on Form 10-K and Form 10‑Q. These reports are available at www.sec.gov.

Contacts

ICR
Brett Milotte
Brett.Milotte@icrinc.com

Greg Michaels
Gregory.Michaels@icrinc.com

Attachment

• Golden Matrix Group Inc,

FAQ

What is Golden Matrix Group's (GMGI) new AI betting product?

Golden Matrix Group has launched an AI-powered Bet Recommender through Meridianbet that provides real-time, personalized betting suggestions based on user preferences and sports event data analysis.

How many events can GMGI's Atlas platform handle monthly?

The Atlas platform can support over 110,000 events per month, with flexibility between on-premise and cloud-based installations.

In how many markets does GMGI's Meridianbet operate?

Meridianbet operates across more than 20 markets, with presence in Europe, Africa, and Latin America, covering over 25 jurisdictions.

What are the key features of GMGI's new AI Bet Recommender?

The key features include data-driven decisions using sports data and odds, tailored betting suggestions based on user behavior, real-time adaptability for live betting, and CRM integration for improved user engagement.