Golden Matrix Group Advances U.S. iGaming Market Entry With New Jersey License Application, Expands European Presence With Bulgarian License, And Targets Brazil's $20B Market Through Meridianbet Subsidiary
Portfolio Pulse from Benzinga Newsdesk
Golden Matrix Group is expanding its presence in the iGaming market by applying for a license in New Jersey, obtaining a license in Bulgaria, and targeting Brazil's $20 billion market through its subsidiary, Meridianbet.
August 28, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Golden Matrix Group is expanding its iGaming operations by applying for a New Jersey license, securing a Bulgarian license, and targeting Brazil's lucrative market through Meridianbet.
The application for a New Jersey license and the acquisition of a Bulgarian license indicate GMGI's strategic expansion in the iGaming market. Additionally, targeting Brazil's $20 billion market through Meridianbet suggests potential revenue growth. These moves are likely to positively impact GMGI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100