Golden Matrix Group Appoints Gaming Veteran Atul Bali to Board of Directors

Golden Matrix Group Inc. (NASDAQ: GMGI) announced the appointment of Mr. Atul Bali as Non-Executive Director to its Board of Directors, effective December 18, 2025. Mr. Bali has also been appointed to serve as a member of the Company's Audit Committee, a member of the Nominating and Corporate Governance Committee, and as Chairman of the Compensation Committee.

Mr. Bali brings over three decades of executive and board-level experience across highly regulated gaming, lottery, fintech, and digital entertainment sectors spanning more than 50 countries. He most recently served as Lead Independent Director of Everi Holdings Inc. from 2019 until the company's acquisition by Apollo Global Management in July 2025 in a transaction valued at $6.3 billion. His career also encompasses chairman and CEO roles across the gaming ecosystem, including President & CEO of GTECH G2 Ltd., President & CEO of Aristocrat Technologies Inc, Chairman of The Football Pools Ltd., and President & CEO of RealNetworks Inc.

"Atul's appointment represents a significant milestone for Golden Matrix," said William Scott, interim Chief Executive Officer of Golden Matrix Group. "His track record guiding public companies through complex growth phases, M&A transactions, and regulatory environments across multiple jurisdictions is directly aligned with our strategic priorities. His governance expertise and global perspective will be invaluable." Mr. Bali has guided companies through IPOs, private equity transactions, operational turnarounds, and regulatory licensing processes across Europe, North America, Latin America, Asia, and Africa.

The appointment comes as Golden Matrix Group operates as an established B2B and B2C gaming technology company across multiple international markets. The Company's B2B division develops and licenses proprietary gaming platforms to an extensive list of clients, while its B2C division operates RKings Competitions, a high-volume eCommerce site. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. Additionally, the Company acquired Meridianbet Group in 2024, a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America. More information about the Company's operations and regulatory compliance can be found in its public filings at https://www.sec.gov.

Mr. Bali is a Fellow Chartered Accountant with the Institute of Chartered Accountants in England and Wales and holds a BA in Law & Economics from Keele University. Separately, the Company announced that Mr. Thomas McChesney resigned as Independent Director, effective December 12, 2025. The appointment of a director with Mr. Bali's specific background in guiding public gaming companies through acquisitions and regulatory processes suggests Golden Matrix is strengthening its board to navigate the complexities of its expanded global footprint following the Meridianbet acquisition.

For the gaming industry, this board appointment highlights the increasing importance of governance expertise in companies operating across multiple regulated jurisdictions. Golden Matrix's software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law, illustrating the regulatory complexities facing global gaming operators. The Company's forward-looking statements caution about various risks including the ability to obtain additional gaming licenses, manage growth, complete acquisitions, and comply with regulations across different markets.

The strategic implications of this appointment extend beyond governance to potential market expansion. With Mr. Bali's experience spanning more than 50 countries and his recent role in a $6.3 billion acquisition, Golden Matrix appears to be positioning itself for further growth and possibly additional M&A activity in the competitive global gaming market. This move could influence investor confidence in the Company's ability to execute its strategy while maintaining compliance across diverse regulatory environments.