Meridianbet Acquires Fairbet, Strengthening Market Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Enhanced Market Position: Meridianbet's acquisition of 100% of Fairbet solidifies its position in Malta's highly regulated market, now holding two retail licenses, significantly enhancing its competitive advantage.
- Retail Network Expansion: The transaction adds nine new retail locations in Malta and Gozo, bringing the total to 20, with an expected increase of over 60 sports betting terminals and 120 slot machines, enhancing customer service capabilities.
- Operational Integration Advantage: Meridianbet will fully take over Fairbet's operations, leveraging its technology platform to serve the majority of licensed retail gaming in Malta, further improving operational efficiency and market coverage.
- Strategic M&A Approach: This acquisition is part of Meridianbet's strategy of combining organic growth with selective M&A in high-barrier markets, aiming to consolidate and strengthen its long-term growth potential in the Maltese market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GMGI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 0.689
Low
1.80
Averages
2.90
High
4.00
Current: 0.689
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.
Meridianbet Acquires Fairbet, Strengthening Market Position
- Enhanced Market Position: Meridianbet's acquisition of 100% of Fairbet solidifies its position in Malta's highly regulated market, now holding two retail licenses, significantly enhancing its competitive advantage.
- Retail Network Expansion: The transaction adds nine new retail locations in Malta and Gozo, bringing the total to 20, with an expected increase of over 60 sports betting terminals and 120 slot machines, enhancing customer service capabilities.
- Operational Integration Advantage: Meridianbet will fully take over Fairbet's operations, leveraging its technology platform to serve the majority of licensed retail gaming in Malta, further improving operational efficiency and market coverage.
- Strategic M&A Approach: This acquisition is part of Meridianbet's strategy of combining organic growth with selective M&A in high-barrier markets, aiming to consolidate and strengthen its long-term growth potential in the Maltese market.
Continue Reading
Meridianbet Acquires Fairbet to Expand Market Presence
- Acquisition Completed: Meridianbet has completed the acquisition of Fairbet Ltd., gaining 100% control of the licensed retail gaming operator in Malta, thereby strengthening its market position and enhancing competitive advantages in high-barrier markets.
- Retail Network Expansion: The transaction adds nine new retail locations, bringing Meridianbet's total to 20 in Malta and Gozo, with an expected increase of over 60 sports betting terminals and 120 slot machines, significantly enhancing customer touchpoints and market coverage.
- Technology Integration: Meridianbet will take full operational control of Fairbet, integrating its technology platform, which is expected to improve overall operational efficiency and enhance brand influence, thereby capturing a larger share of the Maltese retail gaming market.
- Market Potential: With over three million tourists visiting Malta annually, Meridianbet's expansion will not only serve the local population but also leverage tourist traffic to boost revenue, further solidifying its market leadership in the region.
Continue Reading