Golden Matrix Group Appoints Gaming Veteran Atul Bali to Board Amid Strategic Expansion

Golden Matrix Group Inc. has appointed Atul Bali as Non-Executive Director to its Board of Directors, effective December 18, 2025. Bali will also serve on the Audit Committee and Nominating and Corporate Governance Committee, while chairing the Compensation Committee. This appointment follows the resignation of Thomas McChesney as Independent Director on December 12, 2025.

The appointment matters because Bali brings over three decades of executive and board-level experience across gaming, lottery, fintech, and digital entertainment sectors spanning more than 50 countries. His most recent role was as Lead Independent Director of Everi Holdings Inc. from 2019 until the company's acquisition by Apollo Global Management in July 2025 in a transaction valued at $6.3 billion. This experience with major transactions and regulatory environments positions him to guide Golden Matrix through its own growth phases.

Bali's career includes significant leadership positions across the gaming ecosystem, including President & CEO of GTECH G2 Ltd. (now part of IGT), President & CEO of Aristocrat Technologies Inc, Chairman of The Football Pools Ltd., and President & CEO of RealNetworks Inc. He has guided companies through IPOs, private equity transactions, operational turnarounds, and regulatory licensing processes across Europe, North America, Latin America, Asia, and Africa.

"Atul's appointment represents a significant milestone for Golden Matrix," said William Scott, interim Chief Executive Officer of Golden Matrix Group. "His track record guiding public companies through complex growth phases, M&A transactions, and regulatory environments across multiple jurisdictions is directly aligned with our strategic priorities. His governance expertise and global perspective will be invaluable."

The implications of this appointment are substantial for Golden Matrix's expansion strategy. The company operates across multiple international markets through its B2B and B2C divisions, including RKings Competitions and MEXPLAY, a regulated online casino in Mexico. Following its 2024 acquisition of Meridianbet Group, a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America, Golden Matrix requires experienced leadership to navigate complex regulatory landscapes. Bali's background with companies like IGT and Aristocrat, detailed in their corporate histories available at https://www.igt.com and https://www.aristocrat.com, provides relevant expertise for this challenge.

For investors and the gaming industry, Bali's appointment signals Golden Matrix's commitment to strengthening corporate governance as it expands globally. His qualifications as a Fellow Chartered Accountant with the Institute of Chartered Accountants in England and Wales and his BA in Law & Economics from Keele University further enhance the board's oversight capabilities. The company's operations, which automatically decline gaming or redemption requests from within the United States in strict compliance with current US law, require sophisticated regulatory understanding that Bali's experience addresses.

The gaming technology sector faces increasing regulatory scrutiny worldwide, making experienced leadership crucial for sustainable growth. Bali's appointment comes as Golden Matrix continues to integrate Meridianbet Group and expand its international footprint. His experience with public company governance and global gaming operations positions him to contribute significantly to the company's strategic direction and risk management in highly regulated markets.