Expanse Studios, a subsidiary of Golden Matrix Group, announced a strategic distribution partnership with Brazino777, one of Brazil’s largest online gaming operators, on February 5 2026.
Under the agreement, Expanse will deliver its 56 proprietary casino titles—slots, table games, crash, and instant‑win formats—to Brazino777’s platform through a direct distribution model, giving Golden Matrix Group immediate access to Brazil’s projected $2.6 billion online gaming market by 2026. The $20 billion figure referenced in the original article refers to the broader iGaming market potential; the $2.6 billion figure is the specific online gaming revenue forecast for 2026.
The partnership expands Expanse’s B2B footprint into a high‑growth, regulated jurisdiction and supports Golden Matrix Group’s broader objective of monetizing its Atlas platform and AI‑powered engagement tools across regulated markets. It also strengthens the group’s competitive position against other B2B providers such as Bragg Gaming and Evolution by adding a significant new customer in a market with strong regulatory support.
Expanse already powers over 1,300 casino brands worldwide; the Brazino777 deal is expected to accelerate revenue generation and diversify Golden Matrix Group’s income streams beyond its existing European, African and Latin American operations. While the group’s operating margin remains negative at –0.86% and net margin at –3%, the new partnership is a key step toward improving top‑line growth, which has risen 128.9% over the past three years, and is positioned to contribute to the upcoming earnings report scheduled for March 12 2026.
Damjan Stamenkovic, CEO of Expanse Studios, said the partnership unlocks direct access to a large player base and supports the company’s commercial roadmap in South America. Andre Medeiros, Country Manager for Brazil at Brazino777, highlighted Expanse’s versatile game portfolio and rapid integration model as a means to enhance player experience.
Brazil’s updated regulatory framework enacted in late 2024 has opened the market to new operators, and Expanse’s prior certification to operate in Brazil through Meridianbet in October 2025 demonstrates the group’s ability to navigate local compliance. The Brazino777 partnership positions Golden Matrix Group to capture a share of the $20 billion potential iGaming market while building a scalable, direct distribution channel that can be replicated in other regulated jurisdictions.
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