At the prestigious ICR 2025 Conference, Zoran Milosevic, CEO of Meridianbet, delivered a powerful presentation on GMGI’s meteoric rise, highlighting a strategic market expansion plan set to create significant value in 2025 and beyond. The company’s commanding presence at the event was further underscored by hosting the highest number of one-on-one investor meetings, reinforcing strong institutional interest in its trajectory.
Recognised as the financial market’s equivalent of the Super Bowl, the ICR Conference is the world’s leading event for small and mid-cap US-listed companies. The 2025 edition drew over 3,000 attendees, including institutional investors, sell-side analysts, investment bankers, and private equity leaders. GMGI’s influence at the conference builds on its standout performance at the 2024 Citi Global TMT Conference, where it shared the stage with industry giants like DraftKings, FanDuel, and IBM.
GMGI’s explosive growth story captivated investors as the company reported preliminary FY 2024 revenue of $150 million—an impressive 61% year-over-year increase. Pro forma consolidated revenue reached $163 million, reflecting the company’s strategic market expansion and technological innovation. This exceptional performance cements GMGI’s position as a rising leader in the global gaming industry.
In one of the most transformative moves in its history, Meridianbet secured a highly sought-after federal license in Brazil, granting instant access to a market projected to generate $2.5-4 billion annually. With over 100 million potential players across all 26 states, GMGI is positioned to capture a substantial share of one of the world’s most lucrative gaming opportunities.
GMGI’s momentum in North America demonstrates its ability to execute a multi-market growth strategy with precision. The company’s expansion initiatives include entry into the rapidly growing U.S. sweepstakes gaming sector, supported by proprietary content from Expanse Studios. A pending gaming license in Ontario, Canada’s largest regulated market, further strengthens its foothold. Additionally, the deployment of AI-driven gaming solutions is set to enhance player engagement and retention, driving long-term profitability.
Meridianbet’s CEO highlighted GMGI’s unique, vertically integrated ecosystem, which serves as a formidable competitive moat. This includes:
- A presence in 18 regulated jurisdictions, backed by a workforce of 1,200+ employees, including 100 software engineers.
- Expanse Studios’ proprietary game development, reducing reliance on third-party content and driving high-margin revenue.
- Strategic assets spanning key growth regions, including Mexplay in South America, Rkings in the UK, and Classics for a Cause in Australia.
With multiple expansion initiatives underway, GMGI is positioned for another year of accelerated growth. Key drivers include the ramp-up of operations in Brazil, the launch of proprietary AI technology to enhance player monetisation, and first-mover advantages in newly regulated markets. Additionally, ongoing operational efficiencies will contribute to continued margin expansion.
Golden Matrix Group, Inc. (Nasdaq:GMGI) positions itself as a leader in the iGaming technology space, offering casino, sportsbook, and competition products and combining cutting-edge solutions with a strong portfolio of partnerships to drive growth and innovation in the digital gaming market.
