Meridian Holdings says Brazil betting ban has immaterial revenue impact

Meridian Holdings Inc./NV

Brazil's President signed a Provisional Measure on Sept. 25, 2026 banning online betting, intermediation and advertising, and requiring funds returned to bettors.
Meridianbet operates in Brazil through Meridian Gaming Brasil SPE Ltda under authorization SPA/MF nº 0086/2024, granted by Portaria SPA/MF nº 526 of March 14, 2025.
Meridian Holdings says Brazil represents an immaterial share of group revenue and that it entered the market conservatively with limited marketing spend.
The Brazilian authorization runs until Dec. 31, 2029; the measure is valid 60 days, may be extended once for 60 more, and needs Congress approval to remain in effect.

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