Golden Matrix (GMGI) Group announced that its subsidiary Meridianbet has received formal notice from Brazil’s Ministry of Finance, through its Secretariat of Prizes and Betting division, that it may proceed with the licensing process to operate in the country. This critical milestone affirms Meridianbet’s compliance with Brazil’s regulatory requirements and marks a significant step toward entering one of the world’s most promising gaming markets. The notice enables the company to move forward with paying the licensing fee and submitting additional documentation, including proof of certification. Meridianbet has already allocated the necessary funds to finalize the licensing payment and will now move forward with fulfilling all conditions to ensure its place on the list of licensed operators authorized to serve Brazilian customers beginning January 1, 2025.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GMGI:
- Golden Matrix Group Inc. Posts Strong Q3 Earnings
- Golden Matrix reports Q3 EPS (3c) vs. 4c last year
- Golden Matrix’s Meridianbet launches AI-powered Bet Recommender
- Golden Matrix to showcase expanded portfolio at G2E Las Vegas 2024
- Golden Matrix’s Meridianbet shortlisted as eligible operator in Brazil
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
