Golden Matrix Group confirms progress on entry into U.S. market

Thursday, August 29, 2024 2:21 PM
  • Sam Bentham, Special to CDC Gaming

International developer of online gaming platforms and content Golden Matrix Group has announced that its subsidiary, Expanse Studios, is applying for a New Jersey Casino Service Industry Enterprise license.

The company outlined its plans to become a business-to-business provider of igaming content from Expanse Studios, providing this to licensed online sports betting and casino sites in New Jersey. Recent technology from the company introduced in igaming markets worldwide includes its AI-powered casino game recommender, which was launched in July.

Golden Matrix Group noted it had started discussions with gaming operators in New Jersey. The press release also outlined Golden Matrix Group’s intentions to expand its U.S. presence by applying for more licenses and operator agreements where igaming is legal in the United States.

The press release also touched on Golden Matrix Group’s other global expansion plans, including information on Expanse Studios gaining igaming licenses for the Bulgarian market. It also noted the importance of its platform, Meridianbet, in Brazil. The company acquired Meridianbet in January 2023 for $300 million.

The expansion into the United States comes as Golden Matrix Group has recently introduced a stock repurchase program, committing to buying back up to $5 million of the company’s common stock.