Expanse Studios, a subsidiary of Golden Matrix Group Inc., has successfully secured game certification for the Brazilian iGaming market, marking a strategic expansion into one of the world's most promising gaming territories. The certification, issued by Gaming Laboratories International (GLI), covers the company's proprietary crash game Super Heli and authorizes its distribution in Brazil's newly regulated gaming landscape.
The certification represents a significant milestone for Expanse Studios, as Brazil's iGaming market is projected to reach an estimated value of $9 billion by 2029. By obtaining GLI certification under Report Number MO-711-MEN-24-03-711, the company has positioned itself to capitalize on the substantial growth potential in this emerging market.
Super Heli, the certified game, offers players a high-stakes gaming experience with a return-to-player rate ranging from 85.90% to 97.00% and a maximum win potential of 10,000x. The crash-type game allows players to bet on a rising multiplier, creating an engaging and dynamic gaming environment that could appeal to the Brazilian market.
This certification complements Golden Matrix Group's broader strategic approach to the Brazilian market. In a parallel development, the company's subsidiary Meridianbet recently received a definitive federal license authorizing nationwide online and retail betting operations until December 31, 2029. The dual advancement in both business-to-business (B2B) and business-to-consumer (B2C) segments demonstrates a comprehensive market entry strategy.
The move into Brazil builds upon Expanse Studios' existing success in the United States, where its games are available in over 40 states through social casino platforms. By securing certification in Brazil, the company is expanding its international footprint and diversifying its market presence.
CEO Damjan Stamenkovic emphasized the strategic importance of this certification, noting that it represents a significant milestone in the company's global expansion strategy. The certification not only validates Super Heli's compliance with Brazilian technical standards but also opens potential pathways for deploying additional proprietary content in the market.
As the Brazilian iGaming market continues to evolve and mature, Expanse Studios' early certification positions the company to potentially become a key player in this dynamic and growing gaming ecosystem. The certification signals the company's commitment to expanding its international reach and adapting its gaming content to meet the specific requirements of regulated markets.
