VALLETTA, Malta and LAS VEGAS, Dec. 3, 2025 — Leads & Copy — Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has received a software provider license from Spelinspektionen, Sweden’s national gambling authority.
The license authorizes the company to distribute gaming software to licensed operators in Sweden, one of Europe’s most regulated iGaming markets. Valid until December 1, 2030, the license allows Expanse Studios to supply its proprietary slot games, crash games, and casino content to Sweden’s licensed B2C operators.
This positions the company to serve a market that generated approximately €2.4 billion in total gambling revenue in 2024, with online gaming accounting for 64% of the total market activity. Sweden is considered one of Europe’s most sophisticated iGaming jurisdictions, with approximately 100 licensed operators serving a population of 10.5 million where Internet penetration exceeds 95%.
According to the release, in 2024, the online gambling revenue reached $1.9 billion, a 5% increase from the previous year. The Swedish market maintains one of Europe’s highest channelization rates at 85-90%, indicating player preference for licensed platforms. The 2019 Gambling Act established Sweden’s regulatory framework, overseen by Spelinspektionen, which emphasizes technical compliance, responsible gaming, and transparent operations—standards that align with Expanse Studios’ existing operations across 1,300+ casino brands in regulated markets.
Damjan Stamenkovic, CEO of Expanse Studios, stated that Sweden’s licensing framework sets the “gold standard” for regulated iGaming markets in Europe. He added that securing the license approval from the Swedish Authority validates the company’s technical capabilities and commitment to responsible gaming. Stamenkovic noted that this license opens distribution opportunities with established operators serving a highly engaged, tech-savvy player base.
The Swedish license complements Expanse Studios’ recent European regulatory approvals in Romania and commercial partnerships with operators including AdmiralBet (Novomatic Group) and MerkurXtip (Merkur Group), demonstrating demand for certified, compliant content across regulated jurisdictions in Europe.
According to the release, Sweden’s market characteristics, including strong preference for mobile platforms, high consumer spending on digital entertainment, and established payment infrastructure, align with Expanse Studios’ content portfolio. With 56 proprietary titles including Super Heli, Titan Roulette, and Wild Icy Fruits, the company continues scaling its B2B operations across Europe, Latin America, and North America. The license approval reinforces Golden Matrix Group’s strategic focus on expanding regulated B2B operations in jurisdictions with transparent licensing frameworks and player protection standards.
Expanse Studios, part of the Golden Matrix Group (NASDAQ: GMGI), is a B2B iGaming content provider specializing in slots, crash games, turn-based strategies, and card games. The company’s portfolio includes 56 proprietary titles, and Expanse powers over 1,300 casino brands across Europe, LATAM, and North America.
Contact: ir@meridianbet.com
Source: Golden Matrix Group Inc.
