LAS VEGAS, NV – March 5, 2026 – Meridian Holdings Inc. (NASDAQ: MRDN) (“Meridian” or the “Company”),
an international developer, licensor, and global operator of online gaming and ecommerce platforms, today provided additional corporate context following its recent name change and ticker transition from Golden Matrix Group, Inc. to Meridian Holdings Inc.
The Company commenced trading under its new ticker symbol “MRDN” on March 3, 2026, reflecting its strategic alignment with Meridianbet Group and its broader international operating footprint. Management believes the rebranding marks a structural milestone in the Company’s evolution as a diversified global gaming technology platform.
Focus Shifts Toward Financial Performance and Operational Execution
With the corporate transition complete, Meridian’s focus now centers on operational performance, earnings visibility, and continued integration across its B2B and B2C divisions.
The Company expects to report its upcoming earnings results toward the end of March 2026. Investors will be monitoring several key financial and operational indicators, including:
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Revenue growth trajectory across regulated markets
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Adjusted EBITDA performance and margin stability
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Net income progression following prior profitability milestones
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Balance sheet metrics and leverage profile
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Continued integration and performance of Meridianbet Group
Recent filings have reflected strengthening fundamentals, including revenue expansion, operational efficiency improvements, and debt reduction initiatives that reduced leverage to approximately 1.2x adjusted EBITDA. This level remains conservative relative to many larger sector participants and supports financial flexibility.
Diversified Global Market Operations
Meridian operates a hybrid model combining:
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B2C operations, led by Meridianbet Group, a multi-jurisdictional online sports betting and gaming operator active across Europe, Africa, and South America; and
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B2B operations, including Expanse Studios and the GMAG platform, which develop and license proprietary gaming platforms and content globally.
The Company maintains exposure to regulated and newly regulated markets, including Brazil, where formal regulatory transition has reduced structural uncertainty and enhanced visibility for licensed operators.
Meridian’s vertically integrated structure — including in-house content development — positions the Company to expand gross margins through reduced reliance on third-party royalties while maintaining platform scalability.
Maintaining Momentum Following Corporate Realignment
The recent ticker transition represents more than a cosmetic change; it aligns the Company’s public market identity with its operational core. As Meridian moves into its next reporting cycle, investor attention is expected to focus on earnings consistency, cash generation, and disciplined execution in regulated jurisdictions.
While broader market conditions continue to influence sector valuations, Meridian’s emphasis on measurable financial performance and balance sheet discipline provides a foundation for long-term strategic development.
Further details will be provided in the Company’s forthcoming earnings release and SEC filings.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected.
Factors that may cause such differences include, but are not limited to: financial performance variability, regulatory developments in operating jurisdictions, market conditions, economic and geopolitical risks, integration risks, the ability to obtain or maintain gaming licenses, competitive pressures, cybersecurity risks, capital market conditions, and other risks detailed in the Company’s filings with the U.S. Securities and Exchange Commission.
Meridian undertakes no obligation to update forward-looking statements except as required by law.
Investor & Media Contact
Rich Christensen
Email: [email protected]
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