Golden Matrix Group’s subsidiary, Meridianbet, has secured a decade-long renewal for its online gaming license in Serbia. This milestone guarantees operational stability, strengthens revenue streams, and reaffirms the company’s standing as a leader in regulated iGaming markets.
Meridianbet’s license renewal was granted following a rigorous due diligence process led by Serbia’s Games of Chance Administration under the Ministry of Finance. The company passed financial, compliance, operational, and software licensing assessments without additional inquiries—demonstrating its robust regulatory adherence and governance standards. This renewal positions Meridianbet among the first operators to receive such an extension, solidifying its reputation for reliability and compliance.
Brian Goodman, CEO of Golden Matrix Group, highlighted the significance of this renewal in reinforcing the company’s global leadership in iGaming. He emphasised the company’s commitment to regulatory excellence and innovation, ensuring Serbian users benefit from cutting-edge AI-driven technology, operational efficiency, and an expanding portfolio of gaming products.
Zoran Miloević, CEO of Meridianbet, noted Serbia’s strategic importance as a key market for Golden Matrix Group. He pointed out that the renewal aligns with the company’s AI-led expansion strategy and the continued integration of its retail network across Europe and beyond.
Serbia, one of Europe’s most established regulated gaming markets since 2004, remains a lucrative territory for operators. Industry data from Statista projects that Serbia’s gambling market revenue will surpass $526 million by 2025. With this license renewal, Golden Matrix Group is poised to capture sustained growth in the region, further strengthening its global iGaming footprint.
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.
