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.
partnerships
Rolling in for Rank! Hacksaw Gaming and Rank UK Join Forces for an Exciting Future
![rolling-in-for-rank!-hacksaw-gaming-and-rank-uk-join-forces-for-an-exciting-future](https://gamingnewsroom.com/wp-content/uploads/2024/06/129435-rolling-in-for-rank-hacksaw-gaming-and-rank-uk-join-forces-for-an-exciting-future.png)
The first milestone in a list of many! Rank UK is officially live with a number of Hacksaw Gaming titles ready for players to experience! With future prospects underway, this new pairing is already looking to be an exceptional one.
Wanted Dead or a Wild, Le Bandit, R.I.P City, Chaos Crew – all Hacksaw staple titles that are known for shaking up user experience and sparking the interest of players globally. These and more are now proudly featured for the next 4 weeks on the homepage of Rank UK’s platforms, showcasing our diverse universe of content!
Rank aims to deliver exciting and entertaining experiences in safe, sustainable and rewarding environments. Their mission aligns perfectly with that of Hacksaw’s. The goal of making waves within the remote gaming community, daring to disrupt and create content that provides a one of a kind experience for the Hacksaw community.
Reflecting on this exciting endeavour, Rank spokesperson stated that “Hacksaw Gaming is launching with an exhilarating array of games, captivating themes, and thrilling gameplay. We’re not just launching slots; we’re unleashing a tidal wave of entertainment that will captivate players in the UK. Get ready to spin and experience the future of gaming like never before.”
Marcus Cordes, CEO of Hacksaw Gaming also shares Rank’s enthusiasm towards this new beginning. “Bringing our star titles to UK players will strengthen our Hacksaw community and continue to shake up the industry! A huge shout out to the dedication shown from both teams on this launch, a true testament to the determination of how we work here at Hacksaw Gaming.”
With whispers of a UK exclusive coming up very soon, you’re not going to want to take your eyes away from this new partnership.
The post Rolling in for Rank! Hacksaw Gaming and Rank UK Join Forces for an Exciting Future appeared first on European Gaming Industry News.
Press Releases
CryptoSlots Celebrates $1 million Jackpot Trigger Winner and Releases new High Life Slot
![cryptoslots-celebrates-$1-million-jackpot-trigger-winner-and-releases-new-high-life-slot](https://gamingnewsroom.com/wp-content/uploads/2024/06/129423-cryptoslots-celebrates-1-million-jackpot-trigger-winner-and-releases-new-high-life-slot.jpg)
CryptoSlots unveils its new High Life slot and celebrates its second Million-Dollar Jackpot Trigger winner by a player known as ‘QUEENSHERE’.
With its luxurious theme, the mega matrix High Life slot, offers players a glimpse into a world of wealth. The symbols on the reels include private jets, precious gems, yachts, and money, all contributing to the opulent atmosphere of the game. It features Expanding Double Wild, Mystery Bonus and Pick Me Bonus game offers instant coin prizes.
“This game is sure to captivate players who appreciate the finer things in life and aspire to live a life of extravagance. Explore the possibilities of luxury and wealth as you spin the reels and chase after life-changing wins just like our recent jackpot winner!” – Michael Hilary, CryptoSlots Manager.
On May 10, player “QUEENSHERE” won a $1 million jackpot in a single spin while playing CryptoSlots’ exclusive Jackpot Trigger game. This jackpot win was achieved by matching both the color and number, and landing three red triple 7’s, making it the most recent million-dollar win.
Player ‘WHAMZY09’ achieved $100,000 win on April 18, with the most recent $1 million victory taking place in 2022—one year after the cryptocurrency casino’s launch.
JACKPOT TRIGGER MILLIONAIRE
Available only on Cryptoslots, Jackpot Trigger is a unique game that uses tokens obtained during gameplay on other games. Players receive 1 Jackpot Trigger Token for every $100 worth of winnings from other games.
“QUEENSHERE’s $1 million Jackpot Trigger win at CryptoSlots is a momentous achievement! While the game has previously awarded up to $100,000 multiple times, it’s only the second occasion where a player has hit the $1 million jackpot in a single spin.”- Michael Hilary, CryptoSlots Manager.
QUEENSHERE shared his thoughts: “The moment I found out I won the jackpot, my life changed forever. While I may not have shared my thoughts on winning publicly, I’ll admit that the idea of quitting my job and buying a Lamborghini is definitely on the table. Additionally, I am considering relocating abroad to start a new chapter in my life. The possibilities are endless, and I am truly grateful for this incredible opportunity.”
The post CryptoSlots Celebrates $1 million Jackpot Trigger Winner and Releases new High Life Slot appeared first on European Gaming Industry News.
Press Releases
INCENTIVE GAMES OFFICIALLY ACCREDITED AS A GREAT PLACE TO WORK CERTIFIED™ COMPANY
![incentive-games-officially-accredited-as-a-great-place-to-work-certified-company](https://gamingnewsroom.com/wp-content/uploads/2024/06/129425-incentive-games-officially-accredited-as-a-great-place-to-work-certified-company.png)
Incentive Games, leading B2B games provider and acquisition and retention specialist, has been officially accredited as a Great Place to Work Certified™ organisation for the second consecutive year. This recognition underscores the company’s commitment to creating an engaging and people-centric environment that encourages a healthy work-life balance.
The Great Place to Work Certification is awarded to organisations that demonstrate a commitment to building a high-trust, high-performance culture. It is backed by anonymous feedback from Incentive Games employees which covers topics including trust in leadership, sense of belonging, opportunities for professional growth, and work-life balance.
As a global authority on workplace culture, Great Place To Work utilises its rigorous, data-driven ‘For All’ methodology. This accreditation confirms that a minimum of 65% of employees consistently enjoy a positive experience at Incentive Games.
Stewart Gove, Chief Operations Officer, said, “We’re thrilled to be recognised as a Great Place to Work for the second year in a row. Our employees are the driving force behind Incentive Games’ success. The consistent positive feedback about their experiences with fellow colleagues, leaders, and roles is a testament to the incredible dedication, collaborative spirit, and passion that our team brings to work every day.”
Benedict Gautrey, Managing Director of Great Place To Work® UK, expressed his congratulations to Incentive Games for attaining their certification, “We know that prioritising the employee experience leads to building trust among employees, fostering a remarkable workplace culture, and ultimately achieving exceptional business outcomes. Congratulations!”
The post INCENTIVE GAMES OFFICIALLY ACCREDITED AS A GREAT PLACE TO WORK CERTIFIED™ COMPANY appeared first on European Gaming Industry News.
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