Golden Matrix (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, has been awarded a sports betting and iGaming license in Peru by the Ministry of Foreign Trade and Tourism of Peru. The license was issued to Meridian Gaming Peru S.A.C., a subsidiary of MeridianBet Group, a business-to-business (“B2B”) and business-to-consumer (“B2C”) sports betting and iGaming provider that Golden Matrix acquired earlier this year. The online sports betting and iGaming market gaming industry in Peru is estimated to be $1.2 billion with annual growth projected at 6.4% through 2028. Golden Matrix also recently received a sports-betting license in South Africa; the new licenses solidify GMGI’s strategic expansion into high-growth markets. “We are thrilled to enter the Peruvian market, a region poised for massive growth and unprecedented expansion in the coming years,” said MeridianBet Group CEO Zoran Milosevic in the press release. “This market entry presents an exciting opportunity to further grow our user base and deliver additional value to shareholders, underscoring our ongoing commitment to developing industry-leading brands globally.”

To view the full press release, visit https://ibn.fm/dSwoF

About Golden Matrix Group Inc.

Golden Matrix Group, based in Las Vegas, Nevada, is a leading business-to-business (“B2B”) and business-to-consumer (“B2C”) gaming technology company utilizing proprietary technology and operating globally across multiple international markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients. Its B2C division, RKings, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and Latin America, providing the combined entity with additional international operations. For more information about the company, visit www.GoldenMatrix.com.

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

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