The action, carried out in advance, was much celebrated among its investors. This is because the company strengthens its position in the market by reaching a payment agreement financed with its own cash. In other words, no action was diluted in its entire process.
The debt settlement represents a new step for the organization, which in its strategy has sought to provide greater financial flexibility for its global growth while executing important technological investment initiatives, in addition to its increased performance in the iGaming sector.
"This move sends a strong message to both the market and our shareholders," said Brian Goodman, CEO of Golden Matrix Group, who added: "The liquidation of the Lind Global Note reflects our commitment to supporting shareholders and building long-term value."
In addition, Goodman added: "The stock also clearly demonstrates the company's strong performance and expected growth trajectory. This conversion reinforces the positive momentum we have achieved so far."
Follow below for more information on the continuation of Golden Matrix Group's positive momentum in the market when it pays off its debt with Lind Global.
Golden Matrix Group strengthens its commitment to shareholders
The decision to repay Lind Global in the amount of $7.2 million from Golden Matrix Group directly improves the company's Net Debt Ratio. In other words, the choice strengthens its commitment to new investors and shareholders.
Strategic planning gains even more relevance when considering the profile of the creditor itself. Lind Global Asset Management VIII LLC is a New York-based alternative asset manager that specializes in providing growth capital to small and medium-sized publicly traded companies.
The fact that GMGI has chosen to pay off this debt in full with its own resources reinforces its financial strength and confidence in its long-term planning.
This is because, in addition to maintaining cash flow continuity without diluting the number of shares in the company, the company also aims to continue the positive financial momentum proven in its latest reports.
It is worth noting that, in addition to the payment of this debt, the Golden Matrix group converted a total of US$ 9,570,460 in debt related to the acquisition into equity for the acquisition of Meridianbet.
As announced by Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozovic, founders of Meridianbet, this is another move that strengthens the financial position of the entire GMGI ecosystem and reinforces the organization's optimistic future for the coming years.
2024 Report Announces Record Revenue
Golden Matrix Group's good times in relation to debt payments do not only surround these stocks. This is because the organization broke its annual revenue record at the end of 2024. In addition, the company's annual corporate revenue jumped to $151 million, an increase of 63%.
Golden Matrix Group CEO Brian Goodman commented on his company's standout year: "We have successfully scaled our iGaming and sports betting operations, expanded our global footprint and delivered strong growth in 2025. Our acquisitions of Meridianbet and Classics for a Cause, combined with our AI-powered platform enhancements, position us for sustained success."
The corporation also showed growth between the third and fourth quarter of 81%. In addition, revenue for the year jumped 63%. As a result, fourth-quarter gross profit increased by 45%, and full-year gross profit increased by 30% to $89 million in total.
In this sense, cash reserves stood at around US$ 30 million, which still guarantees the desired financial flexibility for continuity in future investments.
With a strengthened balance sheet, a recent history of strategic acquisitions, and significant annual revenue growth, Golden Matrix Group consolidates itself as one of the most promising companies in the iGaming sector.
Rick Christensen, CFO of Golden Matrix Group, commented on the organization's revenue growth: "With a strong balance sheet and disciplined capital allocation, we are well positioned for long-term sustainable value creation. Looking ahead, we will continue to optimize our cost structure and drive operational efficiencies across all divisions.
Projections for 2025
For 2025, as GMGI moves forward in terms of revenue, the company focuses on long-term growth, operational efficiency, and expansion into high-value gaming markets.
In this way, the organization has set goals such as expanding to more countries in Latin America and Europe, improving AI-based gaming innovation to generate personalized user experiences, strengthening operational efficiency to maximize margins and scalability, and seeking acquisitions to increase market share and product offerings in the iGaming sector.
In other words, the settlement of the debt with Lind Global, added to the conversion of debt into equity by the founders of Meridianbet, reinforces the group's commitment to responsible governance, shareholder value generation and sustainable expansion.
About Golden Matrix Group
Headquartered in Las Vegas, Golden Matrix Group is a technology company that operates in the B2B and B2C segments of the iGaming sector. That is, directly with casino games and sports betting.
The organization operates globally through an ecosystem composed of strategic brands that strengthen its performance in various regulated markets.
Among its divisions, Expanse Studios stands out, responsible for the development of licensed casino gaming platforms for a wide corporate customer base.
In the consumer-facing model, RKings operates a high-volume e-commerce that allows end users to enter paid competitions on its proprietary platform in regulated markets. The corporation also owns and operates MEXPLAY, an online casino from Mexico.
The company also reinforces its position with acquisitions and strategic partnerships. An example is the integration of Meridianbet, one of the leaders in sports betting in multiple jurisdictions, and the incorporation of the Australian Classics for a Cause, a digital platform focused on sweepstakes and charitable causes.
More information at:
www.goldenmatrix.com
https://twitter.com/gmgi_official
https://www.instagram.com/goldenmatrixgroup/
https://x.com/meridianbet_ofc
Source: GMB
