Meridian bet provides update on corporate progress and pending acquisition

Valetta, malta, jan. 08, 2024 (globe newswire) -- the meridianbet group (meridian), one of southeast europe's leading business-to-consumer (b2c) sports betting and gaming groups, operating in multiple markets across europe, africa and latin america, today provided a review of the company's growth and progess in 2023, and an update on the pending acquisition of meridian by golden matrix group, inc. (nasdaq: gmgi). meridian achieved about 25 percent revenue growth in 2023 - compared with revenue growth of 24 percent in the prior year, as well as increases in ebitda and net profit of around 10% and 6%, respectively, compared with the prior year – as a result of significant new product offerings and continued expansion into regulated jurisdictions: meridians's new and advanced proprietary gaming platform, atlas, successfully rolled out in 40 percent of all territories; meridian launched seven new advanced slot games that received nearly 100 positive casino reviews; wingo, a new numbers game created by meridian's expanse studios, generated ticket sales of about $2 million in november, a 55.4% increase on $1.28 million recorded in september; meridian launched partnerships with 36 new media outlets and integrations with six new online casino platforms; streamlined registration and deposit steps were implemented to improve user experience, engagement and satisfaction; as a founding member of the european organization for gaming law (eogl) based in eu capital brussels, meridian will be involved in legislative and regulatory discussions and play a key role in shaping industry standards eu and worldwide; meridian is licensed and currently operating in 15 jurisdictions across europe, africa and south america.
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