Golden Matrix Group, Inc. (NASDAQ: GMGI) is pleased to announce that its subsidiary, Meridianbet, has received formal notification from the Brazilian Ministry of Finance—via its Secretariat of Prizes and Betting (SPA)—authorizing it to proceed with the licensing process required to operate in Brazil.
This critical milestone not only confirms that Meridianbet meets Brazil’s regulatory requirements but also marks a significant step forward in the company’s expansion into one of the world’s most promising gaming markets.
Following this notification, the company may now proceed with the payment of licensing fees and the submission of supplementary documentation, including certifications.
Meridianbet has secured the necessary funds to cover the licensing fees and remains committed to fulfilling all remaining requirements, ensuring it is positioned to join the ranks of licensed operators authorized to serve Brazilian customers starting January 1, 2025.
Brian Goodman, CEO of Golden Matrix Group, stated: “We are thrilled to advance our application for an operating license in Brazil and are dedicated to promptly meeting the government’s final requirements. The Brazilian market offers immense growth potential and represents a key milestone in our global expansion strategy. We firmly believe that entering Brazil will make 2025 a transformative year for the company, helping us establish a strong footprint in one of the world’s most dynamic high-growth markets. This achievement reinforces our strategy of entering regions with high growth potential while consistently delivering gaming experiences that set new industry standards for quality.”
Golden Matrix remains committed to upholding the highest standards of compliance and innovation, with plans to strengthen its presence in Brazil—both in the near and long term—while continuing to create value for its stakeholders.
About Golden Matrix Group
Headquartered in Las Vegas, Nevada, Golden Matrix Group (GMGI) is an established B2B and B2C gaming technology company with operations across multiple international markets. Golden Matrix’s B2B division develops and licenses its proprietary gaming platform, while its B2C business operates through Meridianbet, providing sports betting and gaming services across 18 regulated jurisdictions globally. Golden Matrix is committed to delivering cutting-edge technology and innovative solutions to its clients.
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