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 significantly as it injects deep public company governance and international gaming sector experience into Golden Matrix's leadership at a pivotal time. The company, which operates in highly regulated B2B and B2C gaming technology markets globally, including through its ownership of MEXPLAY in Mexico and the acquired Meridianbet Group, stands to benefit from Mr. Bali's proven track record in navigating complex regulatory and growth environments.
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., 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.
The implications of this board addition are substantial for Golden Matrix's strategic direction and investor confidence. "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." This statement underscores the importance of Mr. Bali's experience in areas critical to Golden Matrix's future, such as managing the integration and growth of acquisitions like Meridianbet Group, which was acquired in 2024 and is a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America.
Mr. Bali's financial and legal credentials further bolster the board's oversight capabilities. He 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 coincides with the resignation of Mr. Thomas McChesney as Independent Director, effective December 12, 2025, marking a strategic refresh of the board's composition. For stakeholders, this move signals Golden Matrix's commitment to strengthening corporate governance and leveraging seasoned expertise to capitalize on opportunities in the global gaming technology market, while navigating the risks detailed in the company's forward-looking statements and filings with the SEC, available at https://www.sec.gov.
