Most online casinos rent their games, but $Meridian Hldg(MRDN)$ develops them in-house through Expanse Studios.
- 77 Games
- 6 New Games in Q1 2026
- 1,519 operators using the games
- 15 Countries
- 4 New Countries in Q1 2026
- 156% Growth in players
- 345% Revenue Growth
Now this division is actively expanding into New Jersey and Ontario.
The strategy is quite simple, yet effective. Develop the best games for your own casinos, then offer the same games in regions where you don't operate.
This is the same principle at play, as the Tech Platform Business for $SoFi Technologies Inc.(SOFI)$
The first priority of $SOFI The Tech Platform is that $SOFI has the best banking and fintech software. Then additional value can be generated by offering this tech to other fintechs, in effect having them subsidy you own R&D.
Similarly, the first priority of Expanse is to make great games for Meridian and then sell them in other regions.
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