Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market

Lagos, Valetta–(Newsfile Corp. – March 13, 2025) – Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), has officially launched its B2B operations in Nigeria, one of the largest and fastest-growing betting markets in Africa. The company’s entry into Nigeria further strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets to deliver world-class gaming products. Through its newly licensed local entity, Masterlive Network Limited, Meridianbet has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA), allowing it to operate in both sports betting and online casino verticals under License No: LSLGA/OP/OSB/MB041124.

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Key Takeaways:

• Meridianbet (GMGI) expands B2B operations into Nigeria under a newly secured license, strengthening its 20-year leadership in African gaming markets
• Golden Matrix (NASDAQ: GMGI) projects FY 2024 revenue of ~$150M, with full financial results expected in the following days
• AI-powered betting innovations and market expansion position Meridianbet for long-term success in Nigeria’s $2B regulated gaming industry

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About Meridianbet

Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America. Its proprietary technology and scalable systems allow for multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming. Meridianbet is a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI). For more information, visit meridianbet.ng or contact ir@meridianbet.com.

Source: Meridianbet Group

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