Meridian Holdings Inc's Business Segments

Meridian Holdings Inc., formerly Golden Matrix Group, Inc. until March 3, 2026, completed a 1-for-12 reverse stock split, reducing its authorized common stock from 300 million to 25 million shares and issued shares from 151.7 million to 12.6 million. Stock options, warrants, and preferred stock conversion ratios were adjusted accordingly. Operating in the gaming industry, Meridian Holdings Inc. engages in acquisitions, including the MeridianBet Group, and depends on third-party gaming content suppliers and gaming licenses. The company faces risks related to financing growth and acquisitions, dilution from debt and equity conversions, regulatory compliance, market competition, economic conditions, intellectual property protection, and potential conflicts of interest from related party relationships. Meridian Holdings Inc. is listed on the Nasdaq Capital Market and is controlled by Aleksandar Milovanović. Forward-looking statements note uncertainties concerning growth, profitability, management reliance, and regulatory changes.

The Company operates through three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. MeridianBet Group's revenues derive from retail sports betting, retail casinos, online sports betting, online casinos, and bars across Serbia, Bosnia, Montenegro, Africa, Central and South America, and other European regions. GMAG generates revenue by reselling third-party gaming content, primarily serving customers in the Asia-Pacific region. RKings & CFAC includes revenues from pay-to-enter prize competitions and trade promotions conducted by RKings in the UK and Classics in Australia. The Company's Chief Executive Officer and MeridianBet Group's Chief Executive Officer assess segment performance based on revenues and operating income. Corporate costs, including share-based compensation, holding company expenses, impairment costs, and restructuring costs, are excluded from segment allocations.