Meridian Holdings Inc. (MRDN)
Meridian Holdings Inc. operates in the Gambling, Resorts & Casinos industry of the Consumer Cyclical sector, headquartered in Las Vegas, NV, US. The stock last traded at $13.36, up 0.94% on the session, giving a market capitalisation of $168.9M. On trailing twelve-month figures it carries a trailing P/E of -2.07, a net margin of -41.4%. Its beta of 1.52 implies it has historically moved more than the broad market.
Meridian Holdings Inc. specializes in providing a diverse array of offerings within the casino, sportsbook, and competitive gaming industries. The company operates under several key brands, including R Kings Competitions, MexPlay, and GM-AG. Its operational structure is divided into two distinct divisions: Business-to-Business (B2B) and Business-to-Consumer (B2C). Through its B2B segment, Meridian generates income from software licensing fees and collects royalties derived from the utilization of third-party gaming content. Meanwhile, the B2C division primarily earns revenue by charging participants for entry into various prize competitions across the United Kingdom. This enterprise was established on June 4, 2008, by co-founders Weiting Feng and Anthony Brian Goodman, and its corporate headquarters are located in Las Vegas, Nevada.
Meridian Holdings Inc. is most often compared with the following Consumer Cyclical names: