Golden Matrix Group has announced that its subsidiary, Meridianbet, has received official confirmation from Brazil’s Ministry of Finance. This notice grants the company permission to proceed with the licensing process to operate in the country.
This development is a key step in Meridianbet’s strategy, confirming that it has met Brazil’s regulatory requirements and is on track to enter one of the world’s fastest-growing gaming markets. The next steps include paying the licensing fee and submitting necessary documentation, including proof of certification. Meridianbet has already set aside the required funds to complete the licensing payment and will work to meet all further conditions, with the aim to begin offering services to Brazilian customers by January 1, 2025.
Brian Goodman, CEO of Golden Matrix Group, expressed excitement about the company’s progress in securing an operating license in Brazil. He noted that the Brazilian market represents an immense growth opportunity and aligns with the company’s global expansion strategy. Entering this market is expected to be a pivotal moment for the company, setting the stage for a transformative year in 2025 as it solidifies its presence in one of the most dynamic gaming markets worldwide.
Golden Matrix is focused on maintaining high standards of compliance and innovation as it seeks to expand its footprint in Brazil. The company is committed to delivering exceptional gaming experiences while driving value for its stakeholders both in the short and long term.
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.
