Golden Matrix’s Expanse Studios files for Ontario B2B gaming licence

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Expanse Studios, part of Golden Matrix Group, has initiated its registration process for a B2B gaming licence in Ontario, aiming to bring its portfolio of over 50 iGaming titles to one of North America’s most regulated markets.

Key points:

- Expanse Studios, under Golden Matrix Group, seeks to expand into Ontario’s regulated iGaming market

- The studio’s portfolio includes over 50 iGaming titles, with plans to meet Ontario’s compliance requirements

- Golden Matrix recently reported an 85% revenue increase in Q3 2024, highlighting its robust expansion strategy

Expanse Studios, a division of Golden Matrix Group, has started the registration process for a B2B gaming licence in Ontario, Canada.

This step is part of the studio’s broader efforts to extend its reach into regulated markets across North America, including one of the region’s most active iGaming jurisdictions.

Ontario’s market reportedly offers growth potential and Expanse Studios aims to leverage its catalogue of over 50 iGaming titles, which range from crash games to table games and traditional slots.

Damjan Stamenkovic, Expanse Studios CEO, said: “Completing the filing process is a critical milestone in our journey to bring Expanse Studios to Ontario.

"This achievement underscores our commitment to operating in the biggest and most regulated markets and delivering world-class gaming content to players across the globe.”

Good to know: Collaborating with Canadian legal and regulatory firm Segev, Expanse Studios intends to meet the stringent compliance standards required for market entry

The filing aligns with Golden Matrix Group’s sustained growth, as demonstrated by its Q3 2024 financial results. The company reported an 85% year-on-year revenue increase, driven by its strategic acquisitions and operational expansions.

During the same period, Golden Matrix’s GMAG platform experienced an 84% increase in wagering volume, reflecting its ability to grow in key markets.

Legal partner Alon Segev added: “Expanse Studios continues to set itself apart with its innovative approach to gaming and its dedication to regulatory excellence. We are proud to support them in this important step and look forward to seeing its positive impact in the Ontario market.”