Golden Matrix Group to Showcase Expanded Portfolio and Proprietary Technology at G2E Las Vegas 2024

Rhea-AI Summary

Golden Matrix Group Inc. (NASDAQ: GMGI) announced its participation in the 2024 Global Gaming Expo (G2E) at The Venetian Expo in Las Vegas from October 7-10. This marks GMGI's first G2E appearance as a combined entity with Meridianbet. The company will showcase its expanded B2B network, featuring proprietary software including the new Atlas System, a fifth-generation core system for sports betting and iGaming.

GMGI will present alongside Meridianbet and Expanse Studios under a unified banner, demonstrating their collaborative strength. The booth will feature Meridianbet's B2B offerings, including the Atlas core system and AI player recommenders, as well as Expanse Studios' new crash games and social casino content.

The company plans strategic meetings with industry stakeholders to explore growth opportunities in regulated markets. Additionally, Meridianbet has been shortlisted for a sports betting and iGaming license in Brazil, expanding GMGI's presence in South America.

Positive

• GMGI unveils new Atlas System, positioning the company among top 5% of global industry players with proprietary software
• Expanded B2B network and portfolio showcasing state-of-the-art proprietary software
• Meridianbet shortlisted for sports betting and iGaming license in Brazil, expanding GMGI's market presence
• Strategic meetings planned with key industry stakeholders to identify growth opportunities

Negative

• None.

LAS VEGAS, Nev., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI) ("GMGI" or the "Company"), a leading developer and licensor of online gaming platforms, systems, and gaming content, today announced that it will be participating in the 2024 Global Gaming Expo (G2E), held at The Venetian Expo in Las Vegas, Nevada from October 7 to October 10, at booth #5130. This will be GMGI’s inaugural participation at G2E as a combined entity with Meridianbet. At the event, GMGI will present an updated B2B network, emphasizing its state-of-the-art proprietary software, including the unveiling of the brand-new Atlas System, a fifth-generation core system solution that supports both sports betting and iGaming. The new technology helps position GMGI among the top 5% of global industry players with wholly owned proprietary software.

Joint Participation and Expanded Brand Awareness

Meridianbet, a renowned global sportsbook and iGaming operator, and Expanse Studios, GMGI’s wholly owned iGaming content developer, will both be showcased at the booth under the unified GMGI banner. Together, the entities will demonstrate the strength of their collaboration following their acquisitions by GMGI, leveraging their complementary strengths to build global brand awareness and delivering cutting-edge solutions to both operators and players.

Visitors to the booth will experience the newest innovations firsthand, including:

• Meridianbet's B2B Offerings: A comprehensive and updated portfolio of B2B solutions featuring Meridianbet’s proprietary Atlas core system and state-of-the-art AI player recommenders, which deliver next-generation iGaming and sports betting capabilities; and
• Expanse Studios' Latest Games: A preview of Expanse Studios' new crash games and social casino content, aimed at driving engagement and expanding its presence in both regulated and social gaming markets.

Strategic Meetings

In addition to product showcases, GMGI is set to hold a series of high-level meetings with key industry stakeholders, potential business partners and market analysts. These discussions are aimed at identifying strategic opportunities and further enhancing GMGI’s growth trajectory in key regulated markets while strengthening the Company’s position in the global gaming industry.

Brian Goodman, CEO of Golden Matrix Group, commented, “This year’s G2E is particularly special for us, as it’s the first time we are presenting as a unified entity with Meridianbet post-acquisition. We look forward to showcasing our cutting-edge technology and innovative gaming content to a global audience. The introduction of our brand-new Meridianbet B2B network and our expanded product portfolio positions us among the top players in the industry, and we look forward to capitalizing on the tremendous opportunities that lie ahead.”

As part of its ongoing global expansion, Meridianbet has been shortlisted for a highly anticipated sports betting and iGaming license in Brazil, further expanding GMGI’s footprint in this critical growth market in South America, in addition to the firm’s robust presence in Africa and Europe.

About Golden Matrix Group

Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary gaming technology. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of Meridianbet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations. For more information, please visit: https://goldenmatrix.com/company/.

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.

Connect With Us

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ir@meridianbet.com

ICR

Brett Milotte
Brett.Milotte@icrinc.com

Greg Michaels
Gregory.Michaels@icrinc.com

Attachment

• Golden Matrix Group Inc.

FAQ

What new technology is GMGI showcasing at G2E Las Vegas 2024?

GMGI is showcasing its new Atlas System, a fifth-generation core system solution that supports both sports betting and iGaming, positioning the company among the top 5% of global industry players with wholly owned proprietary software.

How is GMGI (NASDAQ: GMGI) expanding its market presence in South America?

Meridianbet, part of GMGI, has been shortlisted for a sports betting and iGaming license in Brazil, which will expand GMGI's footprint in this critical growth market in South America.

What products will Expanse Studios, a GMGI subsidiary, present at G2E 2024?

Expanse Studios will preview new crash games and social casino content aimed at driving engagement and expanding its presence in both regulated and social gaming markets.

When and where is GMGI (NASDAQ: GMGI) participating in G2E Las Vegas 2024?

GMGI is participating in G2E Las Vegas 2024 from October 7 to October 10 at The Venetian Expo, booth #5130.