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Compliance Updates

Golden Matrix Group Subsidiary Meridianbet Enters Final Phase of Brazil Licensing

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Golden Matrix Group, Inc. (Nasdaq: GMGI) is pleased to announce that its subsidiary Meridianbet has received formal notice from Brazil’s Ministry of Finance, through its Secretariat of Prizes and Betting (SPA) division, that it may proceed with the licensing process to operate in the country. This critical milestone affirms Meridianbet’s compliance with Brazil’s regulatory requirements and marks a significant step toward entering one of the world’s most promising gaming markets.

The notice enables the company to move forward with paying the licensing fee and submitting additional documentation, including proof of certification.

Meridianbet has already allocated the necessary funds to finalize the licensing payment and will now move forward with fulfilling all conditions to ensure its place on the list of licensed operators authorized to serve Brazilian customers beginning January 1, 2025.

“We are thrilled to be moving forward with an operating license in Brazil and are committed to swiftly meeting the final requirements set forth by the government,” said Brian Goodman, CEO of Golden Matrix Group. “The Brazilian market represents an extraordinary growth opportunity and a key milestone in our global expansion strategy. We are confident that entering the Brazilian market will lead to2025 being a transformational year for the company as we establish a strong presence in one of three most dynamic global growth markets. This milestone reinforces our strategy of entering regions with high growth potential while continuing to deliver gaming experiences that set new quality standards for the industry.”

Golden Matrix is committed to maintaining the highest standards of compliance and innovation, and intends to strengthen its presence in Brazil over the near and long term while continuing to deliver value to its stakeholders.

Canada

IAGR announces program for IAGR2025 conference in Toronto

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IAGR announces program for IAGR2025 conference in Toronto

 

The International Association of Gaming Regulators (IAGR) has released the program for its upcoming annual conference, to be held in Toronto from 20-23 October.

With the theme ‘Resilient regulation: Exploring what works, why and what’s next’, the event brings together global regulators and thought leaders to examine how regulatory frameworks can evolve to meet today’s challenges.

The four-day program explores timely issues, including the rise of AI and behavioural analytics, the impact of converging technologies, cross-border collaboration and the continued push to strengthen responsible gambling policies.

IAGR President Ben Haden said the program offers a strong preview of the content and conversations delegates can expect in Toronto.

‘This year’s program showcases the breadth and complexity of the challenges facing gambling regulators worldwide, from protecting player wellbeing to tackling illegal markets and understanding new technologies,’ Haden said.

‘I encourage regulators, researchers and policy professionals from around the world to join us in Toronto. The conference is a space to learn, share experience, challenge assumptions and shape the future of effective, collaborative regulation.’

Confirmed speakers and panellists include:

  • Andrew Rhodes, CEO, Gambling Commission, Great Britain
  • Anders Dorph, Director, Danish Gambling Authority, Denmark
  • Dr Karin Schnarr, CEO and Registrar, Alcohol and Gaming Commission of Ontario, Canada
  • Mark Vander Linden, Director of Research and Responsible Gaming and Carrie Torrisi, Chief of Sports Wagering Division, Massachusetts Gaming Commission, United States
  • Bashir Are, CEO, Lagos State Lotteries and Gaming Authority, Nigeria
  • Teo Chun Ching, Chief Executive, Gambling Regulatory Authority, Singapore
  • Ladipo Abiose Akolade, Founder, GamblePause Initiative Africa, Nigeria
  • Rasmus Kjaergaard, CEO, Mindway AI, Denmark
  • Tracy Parker, Senior Vice President, Accreditation, Advisory and Insights, Responsible Gambling Council, Canada
  • Pedro Romero, Chief of Safer Gambling Partnerships, BetBlocker, Gibraltar
  • Sonia Wasowska, Head of Supervision, General Commercial Gaming Regulatory Authority, United Arab Emirates
  • Steven Blackburn, Partner, Ashurst Risk Advisory, Australia

The event will be held at The Westin Harbour Castle on Toronto’s waterfront.

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Compliance Updates

PA Gaming Control Board Removes Gambling Privileges for 14 Individuals

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PA Gaming Control Board Removes Gambling Privileges for 14 Individuals

 

The Pennsylvania Gaming Control Board (Board) has taken actions to place 14 individuals on its various Involuntary Exclusion Lists. Placement on an Involuntary Exclusion List prohibits individuals from either gaming in a casino in Pennsylvania, via an online betting site regulated by the Board, or a Video Gaming Terminal (VGT) location.

These matters, presented by the Board’s Office of Chief Counsel and Office of Enforcement Counsel, raise the number of individuals now on the Board’s various Involuntary Exclusion Lists to 1391.

The actions by the Board include placement of five individuals on the Involuntary Casino Exclusion List including one who left minors unattended while gambling in a Pennsylvania casino:

A female patron who left her 7-month-old twins in a vehicle in the valet area of Valley Forge Casino Resort for 5 minutes in order to obtain a cash out at the sportsbook.

Actions such as these to deny statewide gambling privileges serve as a reminder that adults are prohibited from leaving minors unattended in the parking lot or garage, a hotel, or other venues at a casino since it creates a potentially unsafe and dangerous environment for the children. To complement the efforts by casinos to mitigate this issue, the Board created an awareness campaign, “Don’t Gamble with Kids”.

Additionally, nine others were placed on the Board’s Involuntary Interactive Gaming Exclusion list for fraudulent actions involving online gambling.

The Gaming Control Board is scheduled to meet next at 10:00 a.m. on Wednesday, June 25, 2025 in the Board’s Public Hearing Room located on the second floor of the Strawberry Square Complex in Harrisburg. More information, including the agenda, will be posted on the Board’s website prior to the meeting.

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Compliance Updates

Texas House Passes Bill to Abolish Texas Lottery Commission

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Texas House Passes Bill to Abolish Texas Lottery Commission

 

The Texas House has approved legislation to abolish the Texas Lottery Commission and reform lottery operations after multiple scandals have rocked the agency.

Authored by State Sen. Bob Hall (R-Edgewood), Senate Bill 3070 abolishes the commission that has overseen the lottery since shortly after its founding in 1991, moving operations to the Texas Department of Licensing and Regulation.

As originally written, the bill would also limit ticket sales per transaction, require age verification at the point of sale, push the agency into a two year probationary period and provide for greater oversight of the lottery—oversight that has been either intentionally or unintentionally lacking.

In January, Lt. Gov. Dan Patrick made an impromptu visit to a lottery ticket reseller responsible for selling millions of tickets online. During the course of his visit, he was denied access to the area where ticket printing was taking place.

The bill, as originally written, would allow the lieutenant governor, Speaker of the House, attorney general, and governor the ability to act as inspectors of lottery operations.

At the eleventh hour, State Rep. Charlie Geren (R-Fort Worth) offered a 58-page amendment to the measure that removed this and other critical parts of the bill. It was this amended bill that was, according to Geren, drafted with the lottery vendors, colloquially called stakeholders, that ultimately passed the House.

Among other changes, the Geren amendment changed vendor and employee retention.

While it was argued that the current employees would provide for a smoother transition from the TLC to TDLR, this would include members of the staff who were complicit in the extra legislative expansion of gambling in the state of Texas, and covering for the lottery’s multiple sins.

The Geren amendment, passed under the watchful eye of IGT’s lobbyist and former chief of staff to Gov. Greg Abbott, Luis Sanez, also guarantees that the state lottery contract will remain with its current vendor, IGT. According to a lawsuit filed in Houston, the company played a critical role in an international gambling syndicate’s rigging of the April 2023 $95 million jackpot.

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According to testimony given to the Texas Senate State Affairs Committee, representatives from IGT were onsite for hours during the ticket printing at a location that conducted no retail business, which is against state rules. This is the same location where children were filmed printing tickets.

Geren, a longtime proponent of expanding gambling in Texas, failed to pass a bill last session that would have allowed casino gambling in the state. This session, the lottery, and its corrupt operation took all the oxygen out of the room.

State Rep. Brent Money (R-Greenville) offered an amendment to Geren’s amendment that would have abolished the lottery and not just the commission. Money’s amendment failed by a vote of 71-58.

Geren’s amendment was ultimately adopted in a vote of 91-44.

The legislation passed in a vote of 110-29.

Now, the bill requires one more vote in the House before going back to the Senate for either approval or to be reconciled in a conference committee.

If the bill is not reconciled, the lottery may be abolished, or a special session could be forced to save the corruption-plagued institution.

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