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Meridianbet CEO Showcases GMGI’s $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference

Strategic market entries position the company for significant value creation in 2025 and beyond.

by - Wednesday, January 22nd, 2025 8:21

In a packed room at the prestigious ICR 2025 Conference, Zoran Milosevic, CEO of Meridianbet, captivated the audience of elite investors with GMGI’s remarkable growth story and series of strategic market entries that position the company for significant value creation in 2025 and beyond. The company also led the conference with the highest number of one-on-one investor meetings, signaling strong interest in its growth trajectory.

Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference

This builds on the success at the 2024 Citi Global TMT Conference, when the company shared insights alongside industry giants like DraftKings, FanDuel, and IBM.

61% Year-Over-Year Growth Positions GMGI as Gaming Industry Leader

The world’s elite investment audience found out a compelling history of growth: GMGI’s preliminary FY 2024 revenue surged 61% year-over-year to $150 million, with pro forma consolidated revenue reaching $163 million.

This exceptional growth trajectory, driven by strategic market expansions and technological innovation, showcases GMGI’s emerging dominance in the global gaming landscape.

Brazil: A Game-Changing Market Entry

In what could prove to be a transformative catalyst, Meridianbet secured a coveted federal license in Brazil – a market projected to reach $2.5-4 billion annually. With instant access to over 100 million potential customers across all 26 states, this strategic move positions GMGI to capture substantial market share in one of the world’s most lucrative gaming opportunities.

North American Expansion Accelerates

Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference
    Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference
  • Pending gaming license in Ontario, ⦁ Canada’s largest regulated market
  • Deployment of ⦁ AI-driven gaming solutions to maximize player engagement and retention

GMGI’s Unified Ecosystem: A Competitive Moat

Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference, presenting to investors a unique ecosystem:

  • Meridianbet’s presence in 18 regulated jurisdictions, powered by 1,200+ employees including 100 software engineers
  • Expanse Studios’ proprietary game development driving high-margin revenue lowering the reliance on third-party content
    • Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference

2025: Multiple Growth Catalysts Ahead

The confluence of strategic initiatives positions GMGI for accelerated growth:

  • Brazil market ramp-up expected to drive substantial revenue expansion
  • Proprietary AI technology deployment enhancing player monetization
  • First-mover advantages in newly regulated markets
  • Continued margin expansion through operational efficiencies

For investors seeking exposure to the explosive growth in global gaming, GMGI represents a unique opportunity: a proven operator with proprietary technology, multiple growth vectors, and strategic positioning in the world’s most promising gaming markets.

For more updates, visit the Group’s / Meridianbet Investor Relations page or follow the social media:

  • www.goldenmatrix.com
  • www.ir.meridianbet.com
  • https://x.com/GMGI_Official
  • https://x.com/meridianbet_ofc
Meridianbet CEO Showcases GMGI's $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference

Press Release

Kristal O' Gribin

Business Development Manager at Gambling Industry News, Kristal brings over 15 years of digital marketing experience in the iGaming Industry. Previously Head of Casino at Entain, Ex Betfair and Amaya Gaming. Kristal's extensive background in the industry enables her to drive growth and innovation in her current role.