Expanse Studios Launches Game Portfolio in Belgium, Tapping €455 Million Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Market Expansion: Expanse Studios officially enters the Belgian market through a content distribution partnership with Golden Palace, significantly enhancing its European distribution footprint and expected market share.
- Revenue Potential: The Belgian online casino market generated €455 million in gross gaming revenue in 2023, growing 20.2% year-over-year, providing Expanse Studios with a robust revenue growth opportunity, particularly within a stringent regulatory environment.
- Compliance Advantage: The partnership with Golden Palace enables Expanse Studios to quickly access licensed operators while avoiding the complexities of direct market licensing, allowing the company to focus on content development while leveraging the aggregator's distribution capabilities for faster market penetration.
- Strategic Positioning: The Belgian launch aligns with Expanse Studios' B2B distribution strategy, aiming to drive its proprietary gaming content across multiple regulated European markets through partnerships with licensed aggregators, further solidifying its position in the global iGaming sector.
GMGI
$0.76815+Infinity%1D
Analyst Views on GMGI
Wall Street analysts forecast GMGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GMGI is 2.90 USD with a low forecast of 1.80 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.804
Low
1.80
Averages
2.90
High
4.00
Current: 0.804
Low
1.80
Averages
2.90
High
4.00
About GMGI
Golden Matrix Group, Inc. is a business-to-business (B2B) and business-to-customer (B2C) gaming technology company operating across multiple international markets. The Company operates online sports betting, online casino, and gaming operations in approximately 15 jurisdictions across Europe, Africa and Central and South America. It is a provider of enterprise software-as-a-service (SaaS) solutions for online casino operators and online sports betting operators, commonly referred to as iGaming operators. The Company operates through three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The B2B division of the Company develops and licenses proprietary gaming platforms for its list of clients and RKingsCompetitions Ltd. (RKings). The B2C division operates an e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
