Recent Updates — GMGI
Meridian Holdings Inc. announced a leadership transition effective July 31, 2026, following the mutual separation of Chief Financial Officer Rich Christensen. The company will pay Mr. Christensen $30,000 in severance plus reimbursement for unused paid time off upon his execution of a release and completion of handover duties. Zoran Milošević, CEO of operating subsidiary MeridianBet Group, was appointed as the new Chief Executive Officer and Principal Executive Officer. William Scott transitioned from Interim CEO to Chief Financial Officer while retaining his roles as President and Chairman of the Board. Additionally, Michael K. Prescott was appointed as an independent director and Audit Committee member. Meridian Holdings Inc. operates in the online gaming industry, providing B2B technology solutions and B2C sports betting and casino platforms across international regulated markets.
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.