Golden Matrix Group's subsidiary Meridianbet has secured a permanent federal license from Brazil's Ministry of Finance, enabling the company to operate online and retail fixed-odds betting nationwide until December 31, 2029. The license (No. 0086/2024) represents a significant milestone in the company's global expansion strategy.
The newly granted authorization allows Meridianbet to fully participate in Brazil's rapidly growing gaming market, which industry projections estimate will reach US$10 billion by 2029. This development positions the company as one of the few operators licensed for both online and physical betting in the country.
Brian Goodman, CEO of Golden Matrix Group, highlighted the strategic importance of the license, noting it unlocks substantial revenue-generating opportunities in a high-potential market. The company's ability to secure this definitive license underscores its commitment to regulatory compliance and global market expansion.
Zoran Milosevic, CEO of Meridianbet, emphasized the significance of the Brazilian market, describing the license as a historic moment that will enable the company to deliver its gaming experience to millions of additional players. The license provides long-term operational security and allows for strategic market penetration.
The authorization represents a critical step in Golden Matrix's growth strategy, potentially positioning the company for sustained revenue acceleration and increased profitability in one of the world's largest emerging gaming markets.
