Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Meridianbet, a subsidiary of Golden Matrix Group (NASDAQ: GMGI), has launched B2B operations in Nigeria's regulated $2 billion betting market. The company secured full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA) through its local entity, Masterlive Network , obtaining License No: LSLGA/OP/OSB/MB041124 for both sports betting and online casino verticals.
This expansion builds upon Meridianbet's 20-year presence in Africa, further strengthening its position in regulated markets. The company's parent, Golden Matrix Group, projects FY 2024 revenue of approximately $150 million, with complete financial results expected soon.
Meridianbet, una sussidiaria di Golden Matrix Group (NASDAQ: GMGI), ha avviato operazioni B2B nel mercato delle scommesse regolamentato della Nigeria, del valore di 2 miliardi di dollari. L'azienda ha ottenuto l'approvazione normativa completa dall'Autorità delle Lotterie e dei Giochi dello Stato di Lagos (LSLGA) tramite la sua entità locale, Masterlive Network, ottenendo la Licenza No: LSLGA/OP/OSB/MB041124 per le scommesse sportive e le verticali dei casinò online.
Questa espansione si basa sui 20 anni di presenza di Meridianbet in Africa, rafforzando ulteriormente la sua posizione nei mercati regolamentati. La società madre, Golden Matrix Group, prevede un fatturato per l'anno fiscale 2024 di circa 150 milioni di dollari, con risultati finanziari completi attesi a breve.
Meridianbet, una subsidiaria de Golden Matrix Group (NASDAQ: GMGI), ha lanzado operaciones B2B en el mercado de apuestas regulado de Nigeria, valorado en 2 mil millones de dólares. La compañía obtuvo la aprobación regulatoria completa de la Autoridad de Loterías y Juegos del Estado de Lagos (LSLGA) a través de su entidad local, Masterlive Network, obteniendo la Licencia No: LSLGA/OP/OSB/MB041124 para las apuestas deportivas y las verticales de casino en línea.
Esta expansión se basa en los 20 años de presencia de Meridianbet en África, fortaleciendo aún más su posición en los mercados regulados. La empresa matriz, Golden Matrix Group, proyecta ingresos para el año fiscal 2024 de aproximadamente 150 millones de dólares, con resultados financieros completos esperados pronto.
Meridianbet는 Golden Matrix Group (NASDAQ: GMGI)의 자회사로, 나이지리아의 20억 달러 규모의 규제된 베팅 시장에서 B2B 운영을 시작했습니다. 이 회사는 현지 법인인 Masterlive Network를 통해 라고스주 복권 및 게임 당국(LSLGA)으로부터 완전한 규제 승인을 받았으며, 스포츠 베팅 및 온라인 카지노 수직을 위한 라이센스 번호: LSLGA/OP/OSB/MB041124를 취득했습니다.
이번 확장은 아프리카에서의 Meridianbet의 20년 존재를 바탕으로 하여 규제된 시장에서의 입지를 더욱 강화합니다. 모회사인 Golden Matrix Group은 2024 회계연도 매출이 약 1억 5천만 달러에 이를 것으로 예상하며, 곧 전체 재무 결과가 발표될 예정입니다.
Meridianbet, une filiale de Golden Matrix Group (NASDAQ: GMGI), a lancé des opérations B2B sur le marché des paris régulé du Nigéria, d'une valeur de 2 milliards de dollars. L'entreprise a obtenu l'approbation réglementaire complète de l'Autorité des Loteries et des Jeux de l'État de Lagos (LSLGA) par l'intermédiaire de son entité locale, Masterlive Network, obtenant la Licence No : LSLGA/OP/OSB/MB041124 pour les paris sportifs et les verticales de casino en ligne.
Cette expansion s'appuie sur les 20 ans de présence de Meridianbet en Afrique, renforçant ainsi sa position sur les marchés régulés. La société mère, Golden Matrix Group, prévoit un chiffre d'affaires d'environ 150 millions de dollars pour l'exercice 2024, avec des résultats financiers complets attendus prochainement.
Meridianbet, eine Tochtergesellschaft von Golden Matrix Group (NASDAQ: GMGI), hat B2B-Operationen auf dem regulierten Wettmarkt Nigerias im Wert von 2 Milliarden Dollar gestartet. Das Unternehmen erhielt die vollständige regulatorische Genehmigung von der Lotterie- und Glücksspielbehörde des Bundesstaates Lagos (LSLGA) über seine lokale Einheit, Masterlive Network, und erhielt die Lizenznummer: LSLGA/OP/OSB/MB041124 für Sportwetten und Online-Casino-Bereiche.
Diese Expansion baut auf der 20-jährigen Präsenz von Meridianbet in Afrika auf und stärkt die Position des Unternehmens in regulierten Märkten weiter. Die Muttergesellschaft, Golden Matrix Group, prognostiziert für das Geschäftsjahr 2024 einen Umsatz von etwa 150 Millionen Dollar, wobei die vollständigen finanziellen Ergebnisse bald erwartet werden.
- Entry into Nigeria's substantial $2B regulated betting market
- Secured full regulatory approval for both sports betting and online casino operations
- Projected FY2024 revenue of $150M
- Established 20-year track record in African markets
- None.
Lagos, Valetta--(Newsfile Corp. - March 13, 2025) - Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), has officially launched its B2B operations in Nigeria, one of the largest and fastest-growing betting markets in Africa. The company's entry into Nigeria further strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets to deliver world-class gaming products. Through its newly licensed local entity, Masterlive Network Limited, Meridianbet has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA), allowing it to operate in both sports betting and online casino verticals under License No: LSLGA/OP/OSB/MB041124.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Meridianbet (GMGI) expands B2B operations into Nigeria under a newly secured license, strengthening its 20-year leadership in African gaming markets
- Golden Matrix (NASDAQ: GMGI) projects FY 2024 revenue of ~
$150M , with full financial results expected in the following days - AI-powered betting innovations and market expansion position Meridianbet for long-term success in Nigeria's
$2B regulated gaming industry
Click image above to view full announcement.
About Meridianbet
Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America. Its proprietary technology and scalable systems allow for multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming. Meridianbet is a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI). For more information, visit meridianbet.ng or contact ir@meridianbet.com.
Contacts:
Milan Koricanac
milan.koricanac@meridianbet.com
Source: Meridianbet Group
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244441
FAQ
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