Golden Matrix Group Inc. (NASDAQ: GMGI), a global gaming technology company, announced the appointment of Atul Bali as 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.
Mr. Bali brings over three decades of executive and board-level experience across highly regulated gaming, lottery, fintech, and digital entertainment sectors, spanning more than 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 in a transaction valued at $6.3 billion. His career also 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.
"Atul's appointment represents a significant milestone for Golden Matrix," said William Scott, interim Chief Executive Officer. "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.
Separately, the Company announced that Thomas McChesney resigned as Independent Director, effective December 12, 2025.
Golden Matrix Group, based in Las Vegas, NV, operates as a B2B and B2C gaming technology company across international markets. Its B2B division develops and licenses proprietary gaming platforms, while its B2C division operates RKings Competitions and MEXPLAY, a regulated online casino in Mexico. The Meridianbet Group, founded in 2001 and acquired by Golden Matrix in 2024, is a leading online sports betting and gaming operator licensed in multiple jurisdictions. The companies' software automatically declines any gaming or redemption requests from within the United States, in compliance with US law.
The appointment of Mr. Bali is expected to strengthen the board's expertise as Golden Matrix continues to expand its global footprint and navigate complex regulatory environments. His experience in guiding companies through M&A and regulatory processes is particularly relevant given the company's recent acquisition of Meridianbet and its ongoing growth strategy. The company's forward-looking statements, available in its SEC filings, outline potential risks and uncertainties that could affect future results.
