For the quarter ending June 30, 2024, international developer Golden Matrix Group achieved record revenues of more than US$39m.
Given GMGI’s acquisition of the MeridianBet Group which was completed at the beginning of April, and the fact that both companies are now operating with the same calendar/fiscal year, this is GMGI’s first reporting period to include consolidated revenues of the combined company.
MeridianBet Group was recently granted licences in South Africa and Peru, and its operating sportsbook in Brazil brought strong results, with wagering reaching $14.7m, a 13 per cent rise on the previous quarter.
RKings has posted its strongest Q2 revenues since being acquired in 2022,
“Our acquisition of MeridianBet Group is off to a great start, with this strong initial quarter and expectations for continued growth of revenues and profits for the forseeable future,” said GMGI CEO, Brian Goodman.
“Mr Aleksandar Milovanović, the largest shareholder of the company, recently convert $4m of deferred debt into shares of common stock at a conversion price of $3 per share. We believe this clearly shows confidence in the company and its ongoing performance.
“We plan to continue to work to strengthen our B2B and B2C segments worldwide, and we are currently evaluating acquisition opportunities which we hope will further boost our strong core business growth and overall financial performance.”
