Press Releases
Golden Matrix Announces Completion of Acquisition of the MeridianBet Group
Acquisition expands Golden Matrix’s global footprint and significantly increases revenues
Golden Matrix Group Incorporated (NASDAQ:GMGI) (Golden Matrix), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, has announced the closing of the previously announced acquisition agreement pursuant to which Golden Matrix acquired ownership of the MeridianBet Group and its related companies, in a cash, debt and stock transaction. The acquisition was approved by Golden Matrix’s board of directors and by the company’s shareholders at the special meeting held on March 19, 2024.
The combination of the two companies’ dynamic business-to-business (B2B) and business-to-consumer (B2C) casino, sports betting and tournament platforms creates a global enterprise operating on four continents.
The common stock of the combined company will continue trading on The Nasdaq Capital Market under the ticker symbol ‘GMGI’.
“This is a momentous occasion and one that we believe will result in a fundamental as well as a transformational change for our rapidly growing company,” the Chief Executive Officer for Golden Matrix, Brian Goodman, said. “The consolidated businesses are expected to deliver significant increases in both revenues and profitability and we believe we are now well-positioned to continue our growth trajectory and deliver incremental value to all our stakeholders.”
“Today marks a major milestone for our combined entity,” the Chief Executive Officer for MeridianBet Group, Zoran Milosevic, said. “By joining forces, we are not only expanding our reach but enhancing our ability to provide customers with a diverse and comprehensive offering whilst creating a leading global betting group.”
The Loev Law Firm, PC, acted as legal counsel to Golden Matrix in connection with the transaction and Howard & Howard acted as legal counsel to the sellers. More information regarding the closing and relating transactions is described in the current report on Form 8-K filed today by Golden Matrix with the Securities and Exchange Commission.
The post Golden Matrix Announces Completion of Acquisition of the MeridianBet Group appeared first on European Gaming Industry News.
Erik Nyman President EveryMatrix Americas
Golden Nugget live with EveryMatrix content in Michigan and New Jersey
Golden Nugget Online Gaming is live with EveryMatrix casino content in Michigan and New Jersey.
EveryMatrix will provide Golden Nugget Online Gaming with content from its in-house game development studio Armadillo Studios, via direct integration with its SlotMatrix iGaming aggregation solution, the industry’s largest aggregation offering with more games and third-party vendors than any other.
EveryMatrix has licences in six North American states and provinces including New Jersey, Michigan, West Virginia, Connecticut, Ontario in Canada and most recently Pennsylvania.
Earlier this month EveryMatrix went live with its first aggregation agreement with exclusive partner studio Supremeland via DraftKings in New Jersey.
Erik Nyman, President EveryMatrix Americas, said: “We’re delighted to work with such an established brand as Golden Nugget Online Gaming. We look forward to our continued work together in the future as we provide premier content alongside our leading aggregation services.”
Press Releases
Evoplay presents an inferno of blazing riches in Belfry Bliss
Evoplay has rolled out its latest release Belfry Bliss, a sizzling feature-rich slot that showcases the Hells Bells round, awarding multiple money values in conjunction with the hell-raising Dante symbol.
The Devil’s Luck feature comes into play in the base game and free spins as two to three random icons can be replaced by Scatters should just one of them land on a spin. Five Scatters award the maximum of 18 free spins, with four granting 12, and three triggering eight.
Once the free spins bonus is unlocked, the grid changes shape as the five reels are formed by six cells in the middle three rows and three in the outside two, increasing the number of Win Ways from 576 to 1,944.
As free spins progress, the chances of uncovering the Hells Bells mode increase as the Dante symbol makes further appearances, whilst extra free spins are rewarded when more Scatters land.
The Bonus Buy feature is also available in certain regions, allowing players to purchase 8, 12 or 18 free spins from the start of the game.
Ivan Kravchuk, CEO at Evoplay, said: “Belfry Bliss takes players on a voyage to the abyss, where a plethora of features can massively boost win potential on this engaging slot.
“This slot is stacked with multiple ways to win and its vibrant graphics and dramatic gameplay make it a great addition to our portfolio.”
The post Evoplay presents an inferno of blazing riches in Belfry Bliss appeared first on European Gaming Industry News.
Press Releases
Relax Gaming levels up with the release of arcade-inspired Line Busters Dream Drop
Relax Gaming is bringing classic 8-bit sprites to the reels in its brand-new arcade-themed release, Line Busters Dream Drop.
This high volatility three-reel slot allows players a chance to win a maximum of 5,000x their stake through a lucrative free spins bonus. The legendary Dream Drop Jackpot can also be triggered at any moment, potentially landing players the €3,000,000 Mega Jackpot.
This super-fast title sees players trigger the free spins bonus whenever arrows on reels one and two are connected with a free spins symbol on reel three. Multipliers on the arrows will multiply and apply to the number of free spins received. During the bonus symbols can be stacked up to five.
The Dream Drop Jackpot is triggered randomly at the start of any spin. Once in the Dream Drop bonus two symbols landing on reels one and two will guarantee a prize. The jackpot level will be determined by the symbol that lands on the third reel.
Those wishing to jump straight into the bonus action can do so by utilising the Buy Feature for the cost of a standard spin. Players can opt to receive extra free spins, or a mystery prize.
Shelley Hannah, CPO at Relax Gaming, said: “We’re excited to add another fast-paced slot to our successful Dream Drop collection. Retro-style slots are hugely popular with players right now, and over the years we’ve delivered some wonderful old-school titles that appeal to players.
“The release of Line Busters Dream Drop is the latest in a line of top-quality themed games and we are confident that this game will be a huge hit thanks to its epic features and strong win potential.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
The post Relax Gaming levels up with the release of arcade-inspired Line Busters Dream Drop appeared first on European Gaming Industry News.
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