Meridian Holdings Inc (NASDAQ: MRDN) is an online and retail sports betting and iGaming company that operates betting shops and digital wagering platforms across multiple international jurisdictions. The company generates revenue through sports betting, casino games, eSports wagering, and virtual sports products offered to end consumers via both online platforms and a physical network of retail betting shops. MeridianBet, acquired in a reverse merger transaction that closed before March 3, 2026, became the primary operating platform and principal driver of consolidated revenue following that acquisition. The company operates through subsidiaries incorporated in Serbia, Montenegro, Malta, Cyprus, South Africa, Brazil, Tanzania, Belgium, Peru, and the United States, among other jurisdictions. Its common stock began trading on the Nasdaq Capital Market under the ticker symbol MRDN effective March 3, 2026, concurrent with a name change from its prior corporate identity.

Revenue model

Transactional revenue from sports betting wagers, casino game play, eSports betting, and virtual sports products, delivered through both online platforms and retail betting shops. The company cross-sells product categories to maintain revenue during low sports-calendar periods.

Products and services

Sports betting (pre-match and in-play), online casino games, eSports betting (including live in-play wagering), virtual sports, and retail betting shop operations. The company also operates Expanse Studios (Serbia), a subsidiary involved in gaming content. Localized interfaces and promotions are offered across jurisdictions.

Customers and end markets

Individual consumers placing sports bets and playing casino or virtual games online and in retail betting locations. The business experiences seasonality tied to the sports calendar, with reduced sports betting activity in late June and early July when major football and basketball leagues are between seasons.

Value-chain role

Vertically integrated gaming operator that owns and operates its own technology platforms, retail betting shop network, and gaming content studio (Expanse Studios). The company holds its own regulatory licenses across multiple jurisdictions rather than acting as a B2B platform provider.

Geographic exposure

Operations span Europe (Serbia, Montenegro, Malta, Cyprus, Belgium), Africa (South Africa, Tanzania), South America (Brazil, Peru), and the United States (Nevada), based on subsidiary registrations disclosed in the 10-K filed 2026-03-31.

Competitors

large international online betting operators, well-established local betting providers, illegal operators in certain jurisdictions

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Prepackaged Software Peers: PLAYSTUDIOS Inc Activision Blizzard, Inc. Skillz Inc Motorsport Games Inc SciPlay Corp Tapinator, Inc.