Golden Matrix Group Advances by Pursuing Ontario Gaming License

Golden Matrix Group Takes Major Step in iGaming

Golden Matrix Group Inc. (NASDAQ: GMGI) is excited to share its recent developments in the competitive online gaming landscape. As a prominent developer and operator of gaming platforms, the company has taken a crucial step by initiating the process to secure a B2B Gaming License in Ontario, Canada. This advancement is a key part of Golden Matrix's strategic mission to broaden its reach within the North American market, known for its dynamic regulatory environment and diverse gaming audience.

Expanding Horizons with Expanse Studios

At the heart of this initiative is Expanse Studios, a vital component of Golden Matrix that has quickly established itself as a creative force within the iGaming industry. With a thrilling portfolio boasting over 50 innovative titles, including social casino games, traditional slots, and table games, Expanse Studios is ready to bring its unique gaming experiences to the vibrant market in Ontario.

Innovative Gaming Experiences

This expansion into Ontario is full of potential. The province represents one of the fastest-growing iGaming markets in North America, providing ample opportunity for Expanse Studios to captivate a new audience with their cutting-edge gaming solutions. By offering a rich selection of high-quality games, Expanse Studios aims to enhance player engagement and foster long-term relationships with gaming operators.

Compliance and Market Entry

To navigate the complex licensing landscape, Expanse Studios has partnered with Segev LLP, a renowned Canadian legal firm. This collaboration ensures that every aspect of the licensing process aligns with Ontario's strict compliance requirements, setting the stage for a smooth entry into this promising market once the license is approved.

Leadership Insights

CEO Damjan Stamenkovic expressed his enthusiasm about the filing, stating, "Completing the filing process is a critical milestone in our journey to bring Expanse Studios to Ontario. This achievement underscores our commitment to operating in regulated markets and delivering exceptional gaming content globally. We are optimistic about the opportunities Ontario presents and are confident in our contributions to its thriving iGaming ecosystem."

Commitment to Innovation

Alon Segev, Managing Partner of Segev LLP, praised Expanse Studios for its innovative approach to gaming and dedication to regulatory excellence, stating that they look forward to witnessing Expanse's positive impact in the Ontario market. This strategic initiative showcases the company's forward-thinking attitude and its readiness to excel in the growing iGaming sector.

About Golden Matrix Group

Golden Matrix Group, headquartered in Las Vegas, is synonymous with innovation in both B2B and B2C gaming technologies. The company specializes in developing and licensing proprietary gaming platforms, catering to a diverse clientele across several international markets. Additionally, through its B2C division, which includes brands like Meridianbet, Golden Matrix provides regulated online sports betting and gaming solutions.

About Expanse Studios

Expanse Studios is a leading developer of online casino games, delivering a variety of captivating titles such as slots, table games, and social casino offerings. With a presence across over 50 regulated markets, Expanse Studios is committed to expanding its global footprint while maintaining a focus on innovation and premium content delivery for its partners.

Frequently Asked Questions

What is Golden Matrix Group's recent achievement?

Golden Matrix Group has initiated the process to obtain a B2B Gaming License in Ontario, marking a significant step in its expansion strategy.

Who is Expanse Studios?

Expanse Studios is a part of Golden Matrix Group and specializes in developing online gaming content, with a broad range of titles in its portfolio.

Why is the Ontario market important for Golden Matrix?

Ontario represents a highly dynamic and regulated iGaming market, providing substantial opportunities for growth and player engagement.

What ensures Expanse Studios' compliance with Ontario regulations?

Expanse Studios is collaborating with Segev LLP, a top Canadian legal firm, to ensure that all aspects of the filing meet Ontario's compliance standards.

How can I learn more about Golden Matrix Group?

For further information about Golden Matrix Group and its offerings, you can reach out via email at ir@goldenmatrix.com.

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