Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
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Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), has launched its B2B operations in Nigeria, entering a $2 billion regulated betting market. The company has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority to operate in sports betting and online casino sectors. This expansion strengthens Meridianbet's 20-year presence in Africa, with projected FY 2024 revenue of approximately $150 million. The company aims to leverage AI-powered innovations for long-term success in the Nigerian gaming industry.
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