GMGI - Meridian Bet Provides Update on Corporate Progress and Pending Acquisition | Benzinga
VALETTA, Malta, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The MeridianBet Group (Meridian), one of Southeast Europe's leading business-to-consumer (B2C) sports betting and gaming groups, operating in multiple markets across Europe, Africa and Latin America, today provided a review of the company's growth and progess in 2023, and an update on the pending acquisition of Meridian by Golden Matrix Group, Inc. (NASDAQ:GMGI).
Meridian achieved about 25 percent revenue growth in 2023 - compared with revenue growth of 24 percent in the prior year, as well as increases in EBITDA and Net Profit of around 10% and 6%, respectively, compared with the prior year – as a result of significant new product offerings and continued expansion into regulated jurisdictions:
- Meridians's new and advanced proprietary gaming platform, Atlas, successfully rolled out in 40 percent of all territories;
- Meridian launched seven new advanced slot games that received nearly 100 positive casino reviews;
- WinGo, a new numbers game created by Meridian's Expanse Studios, generated ticket sales of about $2 million in November, a 55.4% increase on $1.28 million recorded in September;
- Meridian launched partnerships with 36 new media outlets and integrations with six new online casino platforms;
- Streamlined registration and deposit ...