Expanse Studios, a subsidiary of Golden Matrix Group Inc., has achieved a pivotal milestone by obtaining Gaming Laboratories International (GLI) certification for its proprietary crash game, Super Heli, in Brazil. This certification, detailed under GLI Report Number MO-711-MEN-24-03-711, ensures the game meets Brazil's stringent federal iGaming technical standards, paving the way for its distribution in a market with immense growth potential.
The Brazilian iGaming market is on a trajectory to exceed USD 9 billion by 2029, making the GLI certification a strategic win for Expanse Studios. Super Heli, known for its unique crash-type gameplay where players bet on a rising multiplier, offers a return-to-player rate ranging from 85.90% to 97.00%, with the allure of a maximum win potential of 10,000x. This innovative game is set to captivate the Brazilian audience, aligning with the country's recent embrace of regulated online gaming.
This development is part of Golden Matrix Group's comprehensive strategy to establish a strong presence in Brazil's gaming ecosystem. It complements the recent federal license acquired by Meridianbet for nationwide online and retail betting operations, further solidifying the company's foothold in the region. CEO Damjan Stamenkovic emphasized the certification's role in unlocking new opportunities for deploying the company's proprietary content across Brazil.
With additional games from Expanse Studios currently under certification, the company is demonstrating a committed and thorough approach to penetrating the Brazilian market. Beyond Brazil, Expanse Studios has already made significant strides in the United States, where its games are accessible in over 40 states, showcasing its capability to expand its B2B iGaming content strategy globally. The certification of Super Heli in Brazil not only enhances Expanse Studios' international portfolio but also positions the company to capitalize on one of the most promising gaming markets worldwide.
