Golden Matrix Group Secures 10-Year Online Gaming License Renewal in Serbia Through Meridianbet Subsidiary

Golden Matrix Group, Inc. (Nasdaq: GMGI) announced that its subsidiary Meridianbet has secured a 10-year renewal for its online gaming license in Serbia, reinforcing the company's long-term operational stability in the region and ensuring uninterrupted operations with an additional decade of revenue-stream reliability. The reissuance makes Meridianbet one of the first operators to be granted a license renewal in the Serbian market, which has been significantly regulated since 2004 and represents one of Europe's oldest regulated online gaming and sports-betting markets.

The license renewal involved an extensive due diligence process conducted by the Games of Chance Administration under the Serbian Ministry of Finance, including financial, compliance, operational and software licensing assessments. Meridianbet cleared this comprehensive evaluation without any additional checks or questions, demonstrating the company's strong compliance standing. According to market data from Statista, Serbia's gambling market revenue is projected to reach more than $526 million in 2025, highlighting the significant economic opportunity this license renewal represents.

Brian Goodman, CEO of Golden Matrix Group, stated that this renewal strengthens GMGI's position as a leading global iGaming company while reaffirming its commitment to operating within the highest regulatory, governance and compliance standards across its many jurisdictions. The renewal will enable the company to offer Serbian users new product innovations, forward-thinking AI technology and operational efficiency. Zoran Milošević, CEO of Meridianbet, emphasized that Serbia represents a key legacy market for Golden Matrix Group, with the company's continued operations aligning with its AI-driven expansion and retail network consolidation strategy across Europe and globally.

The 10-year license extension provides Golden Matrix Group with substantial operational certainty in a market that has demonstrated consistent growth and regulatory maturity. This long-term commitment allows for strategic planning and investment in technology infrastructure, customer acquisition, and market development without the uncertainty of frequent license renewals. The successful renewal without additional requirements or questions from regulators indicates strong confidence in Meridianbet's operational practices and compliance framework, positioning the company favorably for future growth opportunities in the region and beyond.