Golden Matrix Group Appoints Atul Bali to Board, Strengthening Global Gaming Expertise

Golden Matrix Group Inc. (NASDAQ: GMGI) announced the appointment of Mr. Atul Bali as Non-Executive Director to its Board of Directors, effective December 18, 2025. Mr. Bali has also been appointed to serve as a member of the Company's Audit Committee, a member of the Nominating and Corporate Governance Committee, and as Chairman of the Compensation Committee. This appointment matters because it brings critical public company governance experience and deep international gaming sector knowledge to Golden Matrix as it navigates complex regulatory environments and pursues strategic growth initiatives across multiple jurisdictions.

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 the company's acquisition by Apollo Global Management in July 2025 in a transaction valued at $6.3 billion. His career also encompasses chairman and CEO roles across the gaming ecosystem, including President & CEO of GTECH G2 Ltd. (now part of IGT), President & CEO of Aristocrat Technologies Inc, Chairman of The Football Pools Ltd. (UK's football betting company), and President & CEO of RealNetworks Inc. Mr. Bali 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 of Golden Matrix Group. "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." The importance of this appointment is underscored by Golden Matrix's recent acquisition of Meridianbet Group, a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America, as detailed in the company's filings available at https://www.sec.gov. This expansion necessitates seasoned leadership to manage regulatory compliance and integration challenges.

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 financial and legal background is particularly relevant given the heavily regulated nature of the global gaming industry. Separately, the Company announced that Mr. Thomas McChesney resigned as Independent Director, effective December 12, 2025. The appointment signals Golden Matrix's commitment to strengthening its board with specialized expertise as it operates its B2B and B2C divisions, including the RKings Competitions platform and the MEXPLAY online casino in Mexico. The company's strategic direction, including risks and future plans, is further outlined in its periodic reports such as the Annual Report on Form 10-K for the year ended December 31, 2024.