Golden Matrix Reports Record-Breaking August 2024 Results For Subsidiary Meridianbet, With 13% Growth In Online Casino Revenue And 9% Increase In Online Sports Betting; Americas Revenue Surges 72% Above 2024 Monthly Average
Portfolio Pulse from Benzinga Newsdesk
Golden Matrix's subsidiary, Meridianbet, achieved record-breaking results in August 2024, with a 13% growth in online casino revenue and a 9% increase in online sports betting. Additionally, revenue from the Americas surged 72% above the 2024 monthly average.
September 12, 2024 | 12:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Golden Matrix's subsidiary, Meridianbet, reported significant growth in August 2024, with notable increases in online casino and sports betting revenues, and a substantial surge in Americas revenue.
The reported growth in both online casino and sports betting revenues, along with a significant increase in Americas revenue, indicates strong performance for Golden Matrix's subsidiary, Meridianbet. This positive financial result is likely to boost investor confidence and positively impact GMGI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90