Meridianbet Golden Matrix transaction is expected to close in the first quarter.

Meridianbet Group CEO has confirmed the acquisition of Golden Matrix is set for Q1, following the release of the company's 2023 results.

The group experienced a 25% growth in 2023, up from 24% in 2022, with EBITDA and net profit rising by approximately 10% and 6%, respectively.

The launch of the Atlas gaming platform in 40% of its territories, partnerships with 36 media outlets, and integrations with six online casino platforms fueled this growth.

Expanse Studios brand saw a 55.4% increase in WinGo numbers game ticket sales

 

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which contributed to the overall positive performance of the Meridianbet Group in 2023. This growth indicates the company's strong market position and its ability to capitalize on opportunities in the gaming industry.

The acquisition of Golden Matrix is a significant development for Meridianbet, as it will further enhance the company's presence in the online gaming sector. Golden Matrix is known for its innovative and customizable iGaming platforms, which will undoubtedly complement Meridianbet's existing gaming offerings.

By integrating Golden Matrix's technology and expertise into its operations, Meridianbet can strengthen its position in the market and provide new and exciting gaming experiences for its customers. This acquisition also aligns with the company's growth strategy, as it aims to expand its reach and diversify its product portfolio.

The transaction is expected to close in the first quarter of this year, signaling Meridianbet's commitment to executing its expansion plans efficiently. This move highlights the company's proactive approach to growth and its willingness to invest in strategic acquisitions to enhance its market position.

Overall, the Meridianbet Group's strong financial performance in 2023, coupled with the forthcoming acquisition of Golden Matrix, positions the company well for continued success in the evolving online gaming industry.