Meridianbet Celebrates 17 Years in Malta and 5 Years of Retail Operations
Meridianbet, a prominent name in the betting industry, is celebrating two significant anniversaries in Malta this year. The company is marking 17 years since establishing its presence on the island and 5 years since venturing into the retail sector in Malta. This dual celebration highlights Meridianbet’s commitment to the Maltese market and its growth in the region.
Meridianbet’s Footprint in Malta
Meridianbet’s 17-year history in Malta represents a substantial period of operation in one of Europe’s key gaming jurisdictions. This longevity speaks to the company’s stability and its ability to navigate the evolving regulatory landscape of the iGaming industry.The company has leveraged Malta’s reputation as a gaming hub to expand its digital offerings, providing a wide range of sports betting and casino games to customers across Europe and beyond.
Retail Operations:
Meridianbet currently operates six betting shops across Malta:
85, Triq il-Gandofflli, Buġibba
184, Triq is-Santwarju, Ħaż-Żabbar
174, Naxxar Road, San Ġwann
42, Naxxar Road, Birkirkara
152 Constitution St, Mosta
59 Triq Gorg Borg Olivier, Il-Mellieħa.
Acquisition of MGM
In a significant move to further strengthen its position in the Maltese market, Meridianbet has acquired Media Games Malta. This acquisition brings with it a number of additional shops around the island, expanding Meridianbet’s retail footprint and enhancing its presence in the local betting landscape.
The acquisition of Media Games Malta demonstrates Meridianbet’s commitment to growth and its confidence in the Maltese market. It also provides the company with an established network of retail locations, potentially allowing for faster expansion and increased market share.
Part of the Golden Matrix Group (GMGI) Powerhouse
Meridianbet, one of the country’s oldest and fully licensed betting operator, is also the sports betting division of the Golden Matrix Group (NASDAQ: GMGI), which includes:
Expanse Studios, the fastest-growing iGaming studio in Europe for game development
Rkings, a leading platform for physical and digital sweepstakes in the UK
Classics for a Cause, the strongest brand in sweepstakes and loyalty businesses in Australia
Mexplay, the most popular online casino platform in South America
GM-AG, the largest global platform for developing and licensing gaming software solutions
In the third quarter of 2024, Golden Matrix recorded an impressive revenue growth of 75% compared to the same period the previous year. Total revenue for the first half of the year increased by 41%, while gross profit rose by 31%.
Looking Ahead
As Meridianbet celebrates these milestones, it’s an opportunity to reflect on the company’s growth and its future plans in Malta. The dual anniversaries suggest a strong foundation for continued operations and potential further expansion in the Maltese market.
Disclaimer | Meridianbet is licensed by the MGA. License number MGA/B2C/134/2007. Play responsibly. For help visit www.rgf.org.mt. Players must be over 18. Terms and conditions apply.