Golden Matrix Group Inc. has appointed Atul Bali as Non-Executive Director to its Board of Directors, effective December 18, 2025. The appointment brings significant governance expertise to the company as it navigates international gaming markets.
Bali's appointment represents a strategic move for Golden Matrix, which operates across multiple international markets through its B2B and B2C divisions. The company's B2C division operates RKings Competitions, while its B2B division develops proprietary gaming platforms. Golden Matrix also owns MEXPLAY, a regulated online casino in Mexico, and acquired Meridianbet Group in 2024, a sports betting and gaming operator licensed across Europe, Africa, and South America.
The importance of this appointment lies in Bali's extensive experience guiding companies through complex regulatory environments. With over three decades of executive and board-level experience across gaming, lottery, fintech, and digital entertainment sectors spanning more than 50 countries, Bali brings precisely the expertise Golden Matrix needs for its international operations. His most recent role as Lead Independent Director of Everi Holdings Inc. until its $6.3 billion acquisition by Apollo Global Management in July 2025 demonstrates his experience with major gaming industry transactions.
Beyond his board appointment, Bali will serve on the Company's Audit Committee, Nominating and Corporate Governance Committee, and as Chairman of the Compensation Committee. These roles place him at the center of corporate governance during a period of potential growth and acquisition activity for Golden Matrix.
William Scott, interim Chief Executive Officer of Golden Matrix Group, emphasized the strategic alignment of Bali's experience with company priorities. "His track record guiding public companies through complex growth phases, M&A transactions, and regulatory environments across multiple jurisdictions is directly aligned with our strategic priorities," Scott stated.
Bali's career includes leadership positions across the gaming ecosystem, including President & CEO roles at GTECH G2 Ltd. (now part of IGT) and Aristocrat Technologies Inc., Chairman of The Football Pools Ltd., and President & CEO of RealNetworks Inc. He has guided companies through IPOs, private equity transactions, operational turnarounds, and regulatory licensing processes worldwide.
The appointment comes as Golden Matrix faces various challenges common to the gaming technology sector, including regulatory compliance across multiple jurisdictions, the need for additional financing, and competition in international markets. The company's sophisticated software automatically declines gaming or redemption requests from within the United States in strict compliance with current US law, illustrating the regulatory complexity of global operations.
Bali's qualifications include being a Fellow Chartered Accountant with the Institute of Chartered Accountants in England and Wales and holding a BA in Law & Economics from Keele University. These credentials support his committee roles, particularly on the Audit Committee where financial oversight is critical.
Separately, the Company announced that Thomas McChesney resigned as Independent Director, effective December 12, 2025. The board transition occurs as Golden Matrix continues to integrate its Meridianbet Group acquisition and expand its international footprint.
For investors and industry observers, this appointment signals Golden Matrix's commitment to strengthening governance as it pursues growth in regulated markets worldwide. The gaming technology sector faces increasing regulatory scrutiny globally, making experienced leadership in compliance and international operations particularly valuable. Company reports are available at https://www.sec.gov for those seeking detailed financial and operational information.
