Golden Matrix Group-owned game development studio Expanse Studios has secured licence approvals in Sweden and Romania.
The approval by Swedish gambling regulator Spelinspektionen allows the supplier to launch its portfolio of proprietary slot games, crash games and casino content with licensed operators in the country, and comes just days after Expanse was approved by Romanian gambling regulator ONJN.
“Sweden’s licensing framework sets the gold standard for regulated iGaming markets in Europe,” said Damjan Stamenkovic, CEO of Expanse Studios. “Securing the license approval from the Swedish Authority once again validated our technical capabilities and commitment to responsible gaming in one of the world’s most demanding regulatory environments.
“This license opens substantial distribution opportunities with established operators serving a highly engaged, tech-savvy player base.”
Commenting on the Romania approval, Stamenkovic said: “Romania offers substantial distribution opportunities through licensed operators serving a tech-savvy player base with strong engagement metrics. This license strengthens our European B2B footprint and demonstrates our ability to meet the compliance requirements of mature regulated markets.”
The two new licences complement Expanse Studios’ recent commercial partnerships with operators including AdmiralBet (Novomatic Group) and MerkurXtip (Merkur Group).
Expanse Studios currently has a portfolio of 56 proprietary titles, including Super Heli, Titan Roulette, and Wild Icy Fruits.
Shares in Golden Matrix Group Inc (NASDAQ:GMGI) closed 1.12 per cent lower at $0.83 per share in New York Wednesday.