Meridian Holdings Chairman and CFO William Scott joined Steve Darling from Proactive to discuss the company's international gaming operations, recent financial performance and growth strategy, including plans to expand into additional regulated markets and pursue opportunities in North America.
Listed on Nasdaq, Meridian Holdings operates across more than 25 international markets, combining business-to-consumer (B2C) sports betting and online casino operations with business-to-business (B2B) gaming technology and content distribution. The company’s diversified business model allows it to generate revenue from consumer-facing gaming brands while also supplying technology and gaming content to third-party operators.
Scott explained that the Meridian bet sports betting and casino business represents approximately 71% of company revenue, with operations spanning Europe, Africa and Latin America. Meridian Holdings also operates raffle businesses in the UK and Australia, alongside Mexplay, its sportsbook and casino business serving the Mexican market.
On the B2B side, the company operates GMAG, its online casino content distribution business, and Expanse, its proprietary game development studio. Through these operations, Meridian Holdings develops its own gaming content while distributing games and related products to third-party operators internationally, creating opportunities to expand its reach beyond its consumer-facing brands.
A key focus of the discussion was the company's expansion into regulated gaming markets, where regulatory approvals and licensing requirements can influence the pace and structure of growth. Scott highlighted Meridian Holdings' recent entry into Sweden through its Expanse business as an example of its efforts to broaden its international footprint and develop its B2B operations.
North America also represents a potential growth opportunity. Scott noted that Meridian Holdings currently generates no revenue from the United States but is exploring entry into Ontario, Canada, while pursuing US licensing opportunities for its B2B gaming content.
Turning to financial performance, Scott discussed the company's recently reported 16% revenue growth and the role geographic diversification plays in its business strategy. Operating across multiple regions gives Meridian Holdings exposure to a range of markets, although individual jurisdictions can present different competitive, regulatory and operating challenges.
Looking ahead over the next six to twelve months, Scott identified operational efficiency, entry into additional regulated markets and potential strategic acquisitions as important priorities. The company is focused on strengthening its existing operations while assessing opportunities to expand its international presence and broaden its revenue base.
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