10:38 AM EDT, 03/11/2025 (MT Newswires) -- Golden Matrix Group ( GMGI ) said Tuesday that its Expanse Studios unit has applied for a class 2 iGaming license from Romania's National Gambling Office.

The Class 2 iGaming license would allow Expanse Studios to distribute its proprietary gaming content to licensed operators in Romania's regulated market.

The company said the license supports Expanse Studios' expansion into Romania, a high-growth gaming market in Europe, enabling business-to-business content distribution.

Shares of Golden Matrix ( GMGI ) were up nearly 4% in recent trading.

Price: 2.14, Change: +0.08, Percent Change: +3.88