The renewal of Meridianbet's online gaming license in Serbia for another decade underscores the company's adherence to stringent regulatory standards and its significant role in the international gaming technology sector. This milestone was achieved through a comprehensive evaluation process by the Games of Chance Administration under the Serbian Ministry of Finance, which assessed financial, compliance, operational, and software licensing criteria without necessitating further inquiries.
Brian Goodman, CEO of Golden Matrix Group, highlighted the strategic value of this renewal, noting its contribution to the company's global iGaming stature and its capacity to foster technological advancements within the Serbian market. The license not only ensures Meridianbet's operational continuity but also secures a stable revenue source for the forthcoming ten years.
Serbia's online gaming market, recognized for its maturity and regulatory framework established since 2004, is projected to surpass $526 million in revenue by 2025. This growth potential makes the region a lucrative arena for gaming operators. Zoran Milošević, CEO of Meridianbet, pointed out Serbia's importance as a legacy market for the company, aligning with Golden Matrix Group's broader strategy of leveraging AI for expansion and consolidating its network across Europe.
Being among the first to secure a renewed gaming license in Serbia, Meridianbet demonstrates its commitment to upholding high standards of regulatory compliance and governance. This achievement not only solidifies Meridianbet's market presence but also enhances Golden Matrix Group's reputation as a leader in the iGaming industry. For more information on the regulatory framework in Serbia, visit https://www.srbija.gov.rs.
