Meridianbet Secures 10-Year Online Gaming License Renewal in Serbia
TL;DR
Meridianbet secures 10-year online gaming license renewal in Serbia, ensuring long-term revenue-stream reliability and operational stability.
Extensive due diligence process involved for Serbian license renewal by the Games of Chance Administration under the Serbian Ministry of Finance.
Renewal strengthens GMGI's position as a leading global iGaming company, ensuring adherence to high regulatory, governance, and compliance standards.
Serbia is one of the oldest regulated online gaming markets in Europe, with significant projected revenue growth to over $526 million in 2025.
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Golden Matrix Group's subsidiary Meridianbet has successfully renewed its online gaming license in Serbia for an additional decade, solidifying its position in one of Europe's established regulated gaming markets. The license renewal, granted by the Games of Chance Administration under the Serbian Ministry of Finance, came after a comprehensive due diligence process that assessed the company's financial, compliance, operational, and software licensing standards.
The license extension is particularly significant given Serbia's mature online gaming market, which is projected to reach over $526 million in revenue by 2025. By securing this long-term license, Meridianbet ensures uninterrupted operations and establishes a stable revenue stream in a key regional market.
Brian Goodman, CEO of Golden Matrix Group, emphasized the strategic importance of the renewal, highlighting the company's commitment to maintaining high regulatory and compliance standards across its operational jurisdictions. The license will enable Meridianbet to continue offering innovative products, including advanced AI technology and efficient operational solutions to Serbian users.
Zoran Milošević, CEO of Meridianbet, noted that Serbia represents a crucial legacy market for the company, aligning with its broader strategy of AI-driven expansion and network consolidation in Europe. The renewal positions Meridianbet as a leading iGaming operator in a market that has been systematically regulated since 2004.
The successful license renewal underscores Golden Matrix Group's robust market positioning and its ability to navigate complex regulatory environments in the competitive online gaming industry.
Curated from NewMediaWire
