Recent Updates — GMGI

Meridian Holdings announced a leadership succession plan effective July 31, 2026. The Board appointed Zoran Milošević, currently CEO of the MeridianBet Group, as Chief Executive Officer and Principal Executive Officer. William Scott transitioned from Interim CEO to Chief Financial Officer and Treasurer while retaining his roles as President and Chairman of the Board. Concurrently, outgoing CFO Rich Christensen mutually agreed to terminate his employment in exchange for final salary, $30,000 in severance, and reimbursement for unused paid time off. The Board also appointed Michael K. Prescott as an independent director and Audit Committee member. Meridian Holdings is an international developer, licensor, and operator of online gaming and e-commerce platforms.

Meridian Holdings Inc. reported financial results for the second quarter ended June 30, 2026, announcing revenue of $50.2 million, a 16% increase year-over-year. The company achieved net income attributable to MRDN of $2.2 million, or $0.17 per diluted share, marking its second consecutive quarter of GAAP profitability compared to a loss in the prior-year period. Adjusted EBITDA rose 43% year-over-year to $5.9 million with an 11.8% margin. The company reduced total debt by 45% year-over-year to $26.7 million, resulting in net debt of $9.4 million and a leverage ratio of 0.39x. First-half revenue reached $100.3 million for the first time in company history. Meridian Holdings operates as a global operator and licensor of online sports betting, gaming, and casino platforms across more than 20 regulated markets.