Golden Matrix Group's subsidiary Meridianbet has successfully renewed its online gaming license in Serbia, securing a 10-year extension that reinforces the company's operational stability in the region. The renewal comes after a comprehensive due diligence process conducted by the Serbian Ministry of Finance's Games of Chance Administration.
The license extension is significant for multiple reasons. Serbia represents a mature and well-regulated online gaming market, having established regulatory frameworks since 2004. Industry projections indicate the Serbian gambling market will reach more than $526 million in revenue by 2025, underscoring the strategic importance of this market.
Meridianbet cleared the extensive assessment process without additional checks, demonstrating its strong compliance and operational standards. The renewal enables the company to continue offering its gaming services and leverage advanced technologies, including AI-driven innovations, in the Serbian market.
Brian Goodman, CEO of Golden Matrix Group, emphasized the renewal's importance, noting that it strengthens the company's global iGaming position and reaffirms its commitment to high regulatory and governance standards. For Meridianbet, Serbia represents a key legacy market where the company has established itself as a leading iGaming operator.
The license extension provides Meridianbet with a decade of guaranteed operational continuity and revenue stream reliability, positioning the company for sustained growth in a competitive European market.
