Expanse Studios, a division of the Golden Matrix Group, has taken a significant step towards penetrating the North American iGaming market by initiating its registration process for a B2B gaming license in Ontario, Canada. With an extensive portfolio of over 50 iGaming titles, the company seeks to leverage Ontario's rapidly growing and highly regulated gaming environment. This move aligns with Golden Matrix Group's broader strategy of expanding into key regulated markets and capitalizing on its impressive financial growth.

A Strategic Move into Ontario’s Regulated iGaming Market

Entry into a prime gaming jurisdiction: Expanse Studios has identified Ontario as one of North America’s most lucrative and regulated iGaming markets. This registration underscores the company's commitment to operating in jurisdictions with robust compliance frameworks.

Diverse portfolio tailored for growth: With a library of over 50 iGaming titles, including crash games, table games, and traditional slots, Expanse Studios aims to attract a broad audience within Ontario's diverse gaming ecosystem.

Leadership Insights on Market Entry

CEO’s vision for global excellence: Damjan Stamenkovic, CEO of Expanse Studios, emphasized the significance of this milestone. “Completing the filing process is a critical milestone in our journey to bring Expanse Studios to Ontario,” he stated. He further highlighted the company’s commitment to delivering top-tier gaming content and maintaining compliance in the most regulated markets.

Partnerships supporting the initiative: Collaborating with Segev LLP, a leading Canadian legal and regulatory firm, Expanse Studios is ensuring its compliance with Ontario's rigorous market standards, bolstering its credibility and readiness for entry.

Golden Matrix Group’s Financial Performance Fuels Growth

Revenue surge in Q3 2024: Golden Matrix Group, the parent company of Expanse Studios, reported an impressive 85% year-on-year revenue growth in its Q3 2024 financial results. This surge underscores the company’s robust acquisition and operational expansion strategy.

Wagering volume accelerates: The company's GMAG platform witnessed an 84% increase in wagering volume during the same period, reflecting Golden Matrix’s ability to capture and sustain market demand.

Ontario Market: A Hub of Opportunity

Growth potential in North America: Ontario’s regulated iGaming market is recognized as one of the most active in North America, offering significant opportunities for growth. Expanse Studios' entry aims to capitalize on this potential by delivering innovative gaming solutions.

Expanding consumer engagement: With its unique game designs and innovative features, Expanse Studios plans to enhance player experiences, catering to a broad demographic of gamers in the region.

Commitment to Innovation and Regulatory Excellence

Regulatory rigor as a differentiator: Legal partner Alon Segev praised Expanse Studios’ innovative gaming approach and dedication to compliance, stating, “We are proud to support them in this important step and look forward to seeing its positive impact in the Ontario market.”

Setting industry benchmarks: Expanse Studios continues to establish itself as a leader in the iGaming industry by combining innovation with an unwavering focus on meeting stringent regulatory requirements.