Press Releases
Golden Matrix Group Reports Strong Growth Post-Meridianbet Acquisition
![golden-matrix-group-reports-strong-growth-post-meridianbet-acquisition](https://gamingnewsroom.com/wp-content/uploads/2024/06/128414-golden-matrix-group-reports-strong-growth-post-meridianbet-acquisition.jpg)
Golden Matrix Group Inc. (NASDAQ: GMGI) (“Golden Matrix” or the “Company”), a leading developer, licensor, and global operator of online gaming and eCommerce platforms, has filed its pro forma financial statements with the U.S. Securities and Exchange Commission (SEC).
This filing follows the recently announced acquisition of Meridianbet Group (“Meridianbet”).
Pro Forma Combined Results for Fiscal Year 2023
• Total revenue: $137.17 million
• Gross margin: 56.95%
Pro Forma Combined Quarterly Results for Q1 2024
• Total revenue: $36.69 million
• Gross margin: 57.41%
• Net income: $2.06 million
Meridianbet 2023 Results
• Sales growth: 24.1%, reaching $92.99 million
• Gross margin: 73.39%
• Cash flow from operating activities to net income ratio: 170%
Meridianbet Q1 2024 Results
• Sales growth: 8.33%, reaching $24.85 million
• Gross margin: 71.19%
• Net income: $3.95 million
The combined entity demonstrated impressive financial performance in fiscal year 2023, with total pro forma sales of $137 million and a gross margin of 57%. These results underscore the successful integration of Meridianbet as a subsidiary and highlight the strategic synergies realized from the acquisition.
For additional information on the pro forma financial performance and Meridianbet Group’s financial results, please refer to the Company’s Form 8-K/A report, available at SEC Filings or SEC.gov.
Canada
mkodo Joins the Canadian Gaming Association in its Commitment to Supporting the Regulated Canadian Gaming Market
mkodo, the leading provider of mobile apps, websites, front-end UX and geolocation technology to the Canadian lotteries, including OLG, BCLC, WCLC, ALC and AGLC for over 13 years, is proud to announce its recent membership to the Canadian Gaming Association (CGA). This strategic partnership demonstrates mkodo’s commitment to supporting and enhancing the digital experience within Canada’s dynamic regulated iGaming sector.
As a member of the CGA, mkodo will collaborate with other industry leaders to drive innovation, advocate for responsible gaming practices, and contribute to the overall growth and sustainability of lottery, betting and gaming, both land-based and online, across the Canadian provinces.
Joining the CGA highlights mkodo’s dedication to delivering high-quality, secure, and user-friendly products and services that meet the changing needs of iGaming operators and their players, including their geolocation compliance service, GeoLocs, that is used by lottery operators across Canada, including OLG and WCLC, along with iGaming operators and platforms in Ontario including White Hat Gaming,, Casino Time and Betty.
Stuart Godfree, Managing Director of mkodo, said of the new partnership: “We are thrilled to join the Canadian Gaming Association, an organisation that plays a crucial role in shaping the future of the regulated gaming industry in Canada. This membership aligns perfectly with our mission to provide exceptional user experiences in iGaming and Lottery and reinforces our commitment to supporting responsible gaming initiatives within Canada. We look forward to collaborating with CGA members to drive forward the industry’s standards and innovation.”
Paul Burns, President and CEO of the Canadian Gaming Association, welcomed mkodo to the association, saying: “We are delighted to have mkodo join our membership. Their expertise as the leading mobile apps and geolocation supplier to Crown Corporations Lotteries will be a valuable addition to our community.”
Greece
Greece Lightning: Stakelogic partners with Kaizen Gaming
![greece-lightning:-stakelogic-partners-with-kaizen-gaming](https://gamingnewsroom.com/wp-content/uploads/2024/07/129451-greece-lightning-stakelogic-partners-with-kaizen-gaming.jpg)
Players at Greek operator’s Stoiximan and Betano brands can now enjoy the developer’s slots and live dealer titles
Kaizen Gaming, one of the biggest GameTech companies in the world, has become the latest to take its online casino game offering to the next level after joining forces with in-demand slot provider Stakelogic and its live dealer division, Stakelogic Live.
Players will be able to access Stakelogic’s host of live casino and slot titles at Betano’s premium platform while in Greece, under a 3-month exclusive partnership, Kaizen Gaming will roll out Stakelogic Live’s suite of top-notch live casino titles through the leading Stoiximan brand.
Stakelogic’s games promise to put players in a big-win spin. This starts with its portfolio of classic slots which have been designed to appeal to those that love the sense of nostalgia that comes with playing traditional fruit machines.
Games such as Super Bonus Wild, Runner 8 Runner, Bonus Runner, Super 6 Timer and Mega Runner combine instantly recognisable fruit symbols (cherries, oranges, melons, lemons, etc) plus Bells, BARs and 7s, with heart-stopping gameplay that includes Wilds, Multipliers and even Free Spins.
Players at Stoiximan and Betano will also be able to fire up the reels on truly explosive video slots including Rooster Mobs, Wild Wild Bass 3, The Secret of Machu Picchu, Spinata Pinata and the just-launched Wild Hogs.
These games are all about striking visuals and booming sounds, and gameplay that puts players on the edge of their seats with each spin. Stakelogic’s video slots are often highly volatile and are renowned for not only meeting but exceeding player expectations.
If that wasn’t enough, Kaizen Gaming has also taken a suite of live dealer titles from Stakelogic Live. The studio has quickly become a must-have live content provider and now players at Stoiximan and Betano can enjoy the authentic, thrilling experience offered across its roulette, blackjack and gameshow titles.
Kaizen Gaming’s players will need to strap themselves in for the white-knuckle ride that Stakelogic’s games provide. This is certainly true for the titles that feature its flagship innovation, Super Stake. This allows players to double their bet to increase the chance of a bonus triggering and crazy win combinations landing.
Neil Tanti, Senior Sales Manager at Stakelogic, said: “Kaizen Gaming is a GameTech powerhouse running two of the most successful brands in the world. It’s great to see our classic slots and video slots land in the game lobbies of Stoiximan and Betano, and for players to finally get to see why our titles top the charts in markets across the world.
Our Live titles provide the authentic, interactive gameplay that players are seeking, wrapped up in a sleek, stylish, VIP experience like no other. We are thrilled to have integrated our premium live titles with Kaizen Gaming’s super popular brands in a 3-month exclusive deal”
Christos Mavridis, Head of Live Casino at Kaizen Gaming, added: “This is a major content deal for us, adding some of the hottest slot titles and live casino games in the market to our premium Stoiximan and Betano platforms. I believe Stakelogic’s titles will prove to be a big hit with our players.”
The post Greece Lightning: Stakelogic partners with Kaizen Gaming appeared first on European Gaming Industry News.
Industry Awards
Slotsoo Casino Awards Is Back – Check Out the Seven Winners for 2024
![slotsoo-casino-awards-is-back-–-check-out-the-seven-winners-for-2024](https://gamingnewsroom.com/wp-content/uploads/2024/07/129443-slotsoo-casino-awards-is-back-check-out-the-seven-winners-for-2024.png)
Slotsoo is back with another edition of their Casino Awards. The competition was fierce, and most of the trophies went to different operators compared to last year. Continue reading to find out who the seven winners were this time, and to be the first to hear about Slotsoo’s newest ventures.
The Casinos that Received Legendary Status
This year, the following casinos made it into “The Seven”:
- The Gambling GOAT– Slotshammer
- The Bonus Buff– Scarabet
- The Loyalty Lord– Rollino
- The Withdrawal Wizard– Rakoo
- The Gamification Guru– Hit’n’Spin
- The Payout Professor– Stupid Casino
- The Noisy Newcomer– Gangsta Casino
The main trophy, The Gambling GOAT, goes to the overall best casino. Last year, during the inaugural ceremony, it was the Campeon Affiliates site Svenbet that won it. At the Slotsoo Casino Awards 2024, the prize went to their other brand Slotshammer.
Campeon also scored a second trophy this year, with their newest casino Scarabet. The rest five trophies were awarded to different operators compared to last year. Markus Björk, head writer at Slotsoo, congratulates all the winners and explains that this is a sign of the fierce competition and the constant innovation in the iGaming industry:
“The fact that most of the trophies went to new operators shows that nobody is safe. Existing companies need to constantly keep innovating or they will risk losing their shares to newcomers. European casino players in 2024 rank value above everything else.”
Expansion of the Casino Awards to Local Markets
This Spring, Slotsoo also held their first casino awards for one of their language versions. The Finnish Kasinogaala 2024 had the trophies and names modified to fit the local market, but the core idea of the different trophies remained the same: Fun categories that resonate to players.
An 8th trophy was introduced for the casino with the best streaming services. With this award they wanted to highlight the interactive and social nature of casino gaming. Playing online slots in 2024 is not about sitting alone in a dark basement staring at a big screen.
What Else Is New at Slotsoo? Pragmatic Play Tournaments
While many businesses are enjoying a relaxing break during the summer months, Slotsoo is in full swing to grow their website. Earlier this week, they launched free slot tournaments. This new project is a cooperation with Pragmatic Play and one of the main goals is to get more people interested in slots.
In the Slotsoo Social Tournaments, participants have the chance to win gift cards, without putting their own money at risk. The currently ongoing July tournament started a few days early and offers a 500€ Amazon gift card as the grand prize. The winner is the one who manages to get the biggest total win in the fish-themed slot Big Bass Floats My Boat with 50 spins.
The tournaments are open to all adults that live in the EU/EEA region, except for a few restricted countries. Markus Björk hopes that the monthly tournaments will gain a lot of popularity, and informs that they also have a special Honor & Glory tournament:
“The Honor & Glory tournament lasts until the end of 2024 and consists of 1000 spins to the game Gates of Olympus 1000. If more than one million people register to the tournament the winner will get a really cool secret prize worth a lot of money. If there are 999 999 participants or less, then they just win honor and glory.“
The post Slotsoo Casino Awards Is Back – Check Out the Seven Winners for 2024 appeared first on European Gaming Industry News.
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