Zoran Milosevic, CEO of Meridianbet, commented on the deal: “This recent debt-to-equity conversion demonstrates our clear commitment to the strategic objectives of our corporation and to the long-term growth of Golden Matrix Group. The transaction also resolves pending obligations, improves cash flexibility, and ensures alignment with our stakeholders.”
Deal details
Announced on August 20, the new decision by Meridianbet, in agreement with its parent company, strengthens the group’s capital structure and demonstrates the leadership’s ongoing alignment with the interests of its main shareholders.
In total, the transaction is valued at approximately US$ 284,000, and was approved directly by CEO Zoran Milosevic, along with Snezana Bozovic, co-COO and board member of Golden Matrix Group; Marija Teodosic, Deputy CEO; Jelena Sarenac, CEO of Meridianbet Cyprus; and other key executives operating across the group’s various sports betting and casino gaming markets.
The operation not only consolidates the financial balance of the iGaming company but also highlights the cooperative long-term planning between the brands.
Optimistic projections for the coming years
The completion of the agreement between Meridianbet and Golden Matrix Group represents yet another expansion measure in their leadership position within the sports betting and casino gaming segment.
To illustrate, GMGI’s recent report presented highly optimistic figures and projections for the next few years. At the ICR 2025 Conference, the company detailed 61% year-over-year growth compared to 2024, reaching US$ 150 million.
For 2025, the group forecasts annual revenue between US$ 185 million and US$ 188 million.
Another significant highlight is the strong increase in active users within the iGaming segment. In the first quarter of the year, GMGI’s engaged customer base grew 146% year-over-year, according to the report.
In addition, the latest financial analyses indicated a potential 362% upside in GMGI shares, suggesting the organization could reach US$ 260 million in revenue by 2026.
With positive revenue expectations and a sharp increase in its user base, GMGI and Meridianbet are consolidating their positions as global benchmarks in the iGaming market.
For more updates, visit the Group’s Investor Relations page or follow GMGI and Meridianbet on social media: www.goldenmatrix.com | meridianbet.bet.br | www.ir.meridianbet.com | X/GMGI_Official | X/meridianbet_br
Source: GMB
