Meridian Holdings Inc. operates online sports betting, online casino, and gaming operations across more than 15 jurisdictions in Europe, Africa, Central and South America. The company also provides enterprise Software-as-a-Service solutions for iGaming operators and manages pay-to-enter prize competitions in the United Kingdom and trade promotions in Australia. Its core activities revolve around delivering gaming and betting services through proprietary technology platforms and licensed operations.

Meridian Holdings Inc. generates revenue from its business-to-consumer gaming and betting operations, including sports betting, casino games, and virtual gaming products offered through its MeridianBet brand. Revenue is also derived from licensing its proprietary GM-Ag System to third-party iGaming operators, which provides access to aggregated gaming content and operator tools. Additionally, the company earns income from its pay-to-enter prize competitions in the UK and its trade promotions platform in Australia, where members pay for access to discounts and promotional giveaways.

The company operates through the following segments: Online Sports Betting, Online Casino, and Gaming Operations; Enterprise Software-as-a-Service Solutions; and Pay to Enter Prize Competitions and Online Trade Promotions Platform.

• Online Sports Betting, Online Casino, and Gaming Operations includes the operation of sports betting and casino services via mobile, web, desktop, SMS, SST, and USSD channels, supported by approximately 740 company-owned or franchised betting shops, with a focus on sports betting, casino games, slots, roulette, and eSports betting across more than 15 jurisdictions.

• Enterprise Software-as-a-Service Solutions refers to the GM-Ag System, which aggregates third-party gaming content and provides technology-driven tools for customer acquisition, engagement, and retention to licensed online gaming operators through a single technical integration.

• Pay to Enter Prize Competitions and Online Trade Promotions Platform involves RKingsCompetitions Ltd. in the UK, which offers pay-to-enter prize competitions for non-gambling prizes, and Classics For A Cause Pty Ltd. in Australia, which provides paid members access to retailer discounts and free entries into promotional giveaways for luxury and classic motor vehicles.

Meridian Holdings Inc. maintains a competitive position in the global gaming industry through its proprietary technology infrastructure, diversified product portfolio, and omni-channel approach that ensures accessibility across varying connectivity levels. The company differentiates itself by offering unique betting options, advanced risk management systems, and localized content tailored to regional preferences, while competing against established operators in key markets such as Serbia, Montenegro, Malta, and Cyprus.

Meridian Holdings Inc. serves a broad and diverse customer base that includes individual players engaging in sports betting and casino games across its international markets, iGaming operators using its GM-Ag System platform, and participants in its UK-based prize competitions and Australian trade promotions platform. The company does not rely on a few major customers due to the widespread nature of its user base across multiple demographics and regions.