Golden Matrix Group Inc. (NASDAQ: GMGI) announced the appointment of Atul Bali as a Non-Executive Director to its Board of Directors, effective December 18, 2025. Mr. Bali will also serve on the Audit Committee, the Nominating and Corporate Governance Committee, and as Chairman of the Compensation Committee. This appointment comes as the company continues to expand its global footprint in the gaming technology sector.
Mr. Bali brings more than three decades of executive and board-level experience across highly regulated gaming, lottery, fintech, and digital entertainment markets in over 50 countries. He most recently served as Lead Independent Director of Everi Holdings Inc. from 2019 until its acquisition by Apollo Global Management in July 2025 for $6.3 billion. His career includes roles as President & CEO of GTECH G2 Ltd. (now part of IGT), President & CEO of Aristocrat Technologies Inc, Chairman of The Football Pools Ltd., and President & CEO of RealNetworks Inc. He has guided companies through IPOs, private equity transactions, operational turnarounds, and regulatory licensing processes across Europe, North America, Latin America, Asia, and Africa.
William Scott, interim Chief Executive Officer of Golden Matrix Group, stated, "Atul's appointment represents a significant milestone for Golden Matrix. His track record guiding public companies through complex growth phases, M&A transactions, and regulatory environments across multiple jurisdictions is directly aligned with our strategic priorities. His governance expertise and global perspective will be invaluable."
Mr. Bali is a Fellow Chartered Accountant (FCA) with the Institute of Chartered Accountants in England and Wales (ICAEW) and holds a BA (Dual Honours) in Law & Economics from Keele University. His appointment is expected to strengthen the board's oversight as Golden Matrix navigates its post-acquisition integration of Meridianbet Group, which was acquired in 2024, and expands its B2B and B2C operations. The company's B2B division develops and licenses proprietary gaming platforms, while its B2C division operates RKings Competitions and MEXPLAY, a regulated online casino in Mexico. Meridianbet Group is a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America.
Separately, the company announced that Thomas McChesney resigned as Independent Director, effective December 12, 2025. The addition of Mr. Bali is seen as a move to bolster corporate governance and strategic direction, particularly in light of the company's global ambitions and the complex regulatory environments it operates in. The company's forward-looking statements caution about risks including the need for additional financing, the ability to obtain gaming licenses, and the impact of economic conditions, as detailed in its filings with the SEC, available at www.sec.gov.
Golden Matrix, based in Las Vegas, NV, is a global gaming technology company operating across multiple international markets. The company's sophisticated software automatically declines any gaming or redemption requests from within the United States, in compliance with current US law. For more information, visit www.newmediawire.com.
