Meridianbet Achieves Record-Breaking Growth in August 2024

Significant Performance Gains Across Multiple Markets

Golden Matrix Group (GMGI) has announced exceptional results for its subsidiary, Meridianbet, during August 2024. The company, which operates across multiple regulated markets, reported record-breaking growth, particularly within its B2C iGaming and sports betting sectors.

Meridianbet’s performance in August marked notable improvements, with its online casino operations surpassing the 2024 monthly average by 13%, setting a new benchmark for the platform. Similarly, the company’s online sports betting revenue increased by 9%, showcasing its strength and ability to outperform expectations.

Brian Goodman, CEO of Golden Matrix Group, attributed the company’s success to a consistent growth strategy and its dedication to providing top-tier services in the iGaming and sports betting markets. “Meridianbet’s August performance is a testament to our consistent and strategic growth strategy as well as our commitment to excellence in both our iGaming and sports betting markets,” Goodman stated.

He further emphasized the company’s operational strength across multiple regulated markets, noting that the results “further solidify our standing as a global leader specifically in the iGaming space.” With a continued focus on delivering high-quality experiences to customers, GMGI expects to maintain its strong growth momentum in the coming months.

Expanding Global Reach

Meridianbet is active in 18 regulated jurisdictions spanning Europe, Africa, and the Americas. The company is also positioning itself to enter new markets, with federal licenses pending in Brazil—a market projected to reach $20 billion by 2025, with a potential player base of 106 million.

Additionally, Meridianbet has recently secured new licenses in Peru, where the iGaming sector is valued at USD $1.2 billion and is growing at an annual rate of 6.4%. The operator also entered the South African market, where digital gambling revenue is forecasted to reach $828 million by the end of 2024.

Golden Matrix’s acquisition of Meridianbet has been a significant driver of the company’s recent financial success. GMGI reported a substantial 75% increase in Q2 consolidated revenues, reaching $39.4 million, compared to $22.6 million in the same period of 2023. This growth further demonstrates the group’s ability to leverage its strategic acquisitions to boost overall performance.