Golden Matrix Group, Inc. (Nasdaq: GMGI) has announced a significant milestone for its subsidiary Meridianbet, which has received official clearance from Brazil’s Ministry of Finance, via its Secretariat of Prizes and Betting (SPA), to advance in the licensing process for operating in the country. This development signals Meridianbet’s alignment with Brazil’s regulatory requirements, positioning it to enter one of the world’s most dynamic and fast-growing gaming markets.
The notification permits Meridianbet to proceed with the next steps, including the payment of the licensing fee and submission of requisite documentation, such as certification proof. The company has already earmarked the necessary funds to complete the licensing payment and is actively working to meet all remaining conditions. This progress ensures Meridianbet’s inclusion on the roster of licensed operators authorized to serve Brazilian customers starting January 1, 2025.
Golden Matrix Group remains dedicated to maintaining compliance and fostering innovation in its operations. The company aims to solidify its presence in the Brazilian market while continuing to create value for stakeholders as it expands its footprint in the region.
“We are thrilled to be moving forward with an operating license in Brazil and are committed to swiftly meeting the final requirements set forth by the government,” said Brian Goodman, CEO of Golden Matrix Group. “The Brazilian market represents an extraordinary growth opportunity and a key milestone in our global expansion strategy. We are confident that entering the Brazilian market will lead to2025 being a transformational year for the company as we establish a strong presence in one of three most dynamic global growth markets. This milestone reinforces our strategy of entering regions with high growth potential while continuing to deliver gaming experiences that set new quality standards for the industry.”
English