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Expanse Studios review: licensed casinos and Super Heli demo

Key points about the Expanse Studios game provider

  • Provider: Expanse Studios is a Serbian casino game provider founded in 2017 in Belgrade, controlled by Meridian Holdings, listed on Nasdaq under the ticker MRDN since 3 March 2026.
  • Game portfolio: as of 20 October 2026, the official showcase lists 84 RNG games and no live dealer games. Slots lead with 58 titles, ahead of 4 crash games and 3 video poker titles.
  • Flagship game: Super Heli is a crash game launched in March 2024, with up to three bets per round and auto cash-out. Its official page showed a 97% RTP in October 2026.
  • Free demos: every game can be tried without sign-up or deposit on the official showcase, and as of 20 October 2026 the translation files cover 20 languages including English.
  • Real money: as of 20 October 2026, licensed casinos offer Expanse Studios games in at least Sweden, Belgium, Bulgaria and Serbia.
  • Belgium: since 23 February 2026, more than 60 titles have been live on a site covered by B+ licence no. 4016, open to players aged 21 and over.
  • North America: Bragg Gaming says it has been able to distribute Expanse games in New Jersey since May 2026. In Ontario, no approval has been announced for the supplier application filed in December 2024.
  • Verified licences: a Swedish game provider licence valid until 1 December 2030, plus a Romanian Class 2 licence (December 2025) and a Bulgarian licence (April 2024).
  • Grey area: on 20 October 2026, the Maltese register listed no entity under the Expanse name, despite the MGA logo displayed on the studio's website.
  • Maths: as of 20 October 2026, 13 slots show a base-game RTP between 96.01% and 98%, with a median of 96.80%.
  • Promotional tools: in October 2026, 24 games support multi-level jackpots and 18 support tournaments, plus an ACHIVO loyalty programme that each operator can switch on.
  • Bottom line: a reliable provider on its games and verifiable licences, but still opaque about its real game count and its certificates, which sit in a locked client area.

Expanse Studios casinos: licensed sites and demos from the Belgrade studio behind Super Heli

Expanse Studios is a Serbian online casino game provider founded in 2017, a subsidiary of the Nasdaq-listed Meridian Holdings group. This Belgrade studio owes its reputation to Super Heli, the helicopter game. The chopper climbs where the provider that made Aviator famous sends a plane into the sky. On its official showcase, the studio lists 84 games as of 20 October 2026, all powered by a random number generator (RNG). At the top of the page, the CASINO button filters the Expanse Studios casinos selected for your country. Want to play without betting? The GAMES button will bring together its official demos, almost all of them available in English.

Where can you play Expanse Studios games for real money?

As of 20 October 2026, licensed operators offer Expanse Studios games for real money in at least Sweden, Belgium, Bulgaria and Serbia. Agreements, licences or certifications also cover Croatia, Slovenia, Romania, Portugal, Estonia, Latvia, Colombia and Brazil. In the United States, the aggregator Bragg Gaming says it has been able to distribute these games in New Jersey since May 2026.

A provider never sells anything directly to players. It licenses its games to casinos under a supplier licence, known as B2B, and each market also requires its own certifications. Expanse Studios is therefore only “legal” where its games have passed the test.

That is exactly the filter the CASINO button applies. It adjusts to your location and only shows the sites Kynox has selected for your country. If it stays empty, no selected operator offers these games where you live yet, and the list keeps growing over the months. When it does show a casino, three checks remain in your hands, from the site's licence to the RTP shown in the game. I explain them further down.

Expanse Studios market map: licences and announcements

As of 13 October 2026, Meridian Holdings claimed certifications for Expanse Studios in 14 regulated markets. Two notions meet in this table. A licence allows a company to supply games in a given market. A certification covers a specific game, which it validates against a regulator's technical standards after testing by a lab such as GLI or Gaming Associates. Here is what I have documented, from the most solid to the weakest.

MarketAuthority or labWhat is documentedLevel of evidenceDate
SwedenSpelinspektionenGame provider licence in the name of Expanse Studio D.O.O., valid until 1 December 2030Register checked2 December 2025
BelgiumGaming CommissionMore than 60 titles on a group site under B+ licence no. 4016Register checked and press release23 February 2026
RomaniaONJNClass 2 supplier licence, decision no. 273Press release1 December 2025
BulgariaNational Revenue AgencyLicence and first games with a Bulgarian operatorPress release24 April 2024
CroatiaMinistry of FinanceSuper Heli approved, the provider's first title in the countryPress release1 July 2025
PortugalSRIJ technical standardsCandy's Bonanza, Gates of Olympia and Leprechaun Wish certifiedPress release9 April 2026
Estonia and LatviaGaming AssociatesCandy's Bonanza and Leprechaun Wish certifiedPress release10 March 2026
SloveniaGLICertified titles and first deal with a Slovenian operatorPress release4 September 2026
ColombiaGaming AssociatesThree titles found compliant with the standards followed by ColjuegosPress release25 May 2026
BrazilGLISuper Heli certified, report MO-711-MEN-24-03-711Press release2 April 2025
Serbia“Serbian” logo with no numberHome market, deals with several local operatorsLogo and press releases2023 to 2026
United States (New Jersey)Division of Gaming EnforcementSupplier licence application announced in August 2024, distribution through the aggregator Bragg Gaming announced in May 2026Announcements7 May 2026
Canada (Ontario)AGCO and iGaming OntarioSupplier application filed, no approval announcedAnnouncement18 December 2024
MaltaMGACertified market according to the group, no licence in the Expanse name on the registerAbsence checked on the register20 October 2026

I cross-checked the first two rows in the regulators' public registers. In Sweden, the Spelinspektionen register lists Expanse Studio D.O.O. at its Belgrade address, with a game provider licence valid until 1 December 2030. A Meridian Holdings press release then announced, on 13 October 2026, that Expanse games had gone live with a first operator holding a Swedish licence.

In Belgium, file 4016 appears in the Gaming Commission's list of active B+ licences. This licence, granted on 18 December 2025, runs until 17 October 2030. For the other countries, Malta aside, I rely on the group's announcements and the trade press. I quote their dates exactly as published.

Three titles served as the provider's passport in 2026. Candy's Bonanza, Gates of Olympia and Leprechaun Wish opened the door to Portugal, and two of them made it into Estonia and Latvia. If you live in Portugal, my page on Multibanco references used by Portuguese players explains the payment method you will come across on SRIJ-licensed sites. It remains to be seen how many local operators will actually add these games.

Expanse Studios' commercial heart beats in the Balkans. In late November 2025, the regional brand of an Austrian group present in more than 45 countries signed up to add Expanse games to its online platforms. Just a day later, the local operator of a German group formerly known as Gauselmann followed suit through the aggregator Bragg. A Serbian operator now owned by Flutter joined the list in June 2026.

What the law says in three regulated markets

Online casino rules change from one country to the next. Some markets license private operators, others keep a state monopoly, and a few still ban online casino games altogether. Where that is the case, the CASINO button stays empty, while the free demos remain open to everyone. As of October 2026, Belgium is the only one of the three markets below where Expanse Studios games run for real money.

CountryLegal online casinoExpanse Studios games for real money (October 2026)Player support
BelgiumYes, under an A+ or B+ licenceYes, more than 60 titles on a group siteSOS Jeux, 0800 35 777
SwitzerlandYes, through licensed Swiss casinosNo partnership announcedSOS-jeu helpline, 0800 040 080
Canada (Québec)Only through the provincial monopolyNo deal announcedGambling: Help and Referral, 1-800-461-0140

Belgium

Since 23 February 2026, more than 60 of the studio's titles have been running on a site belonging to the same group as the provider. The launch announcement ties this site to B+ licence no. 4016. B+ licences are attached to a physical gaming arcade, which explains why dice slots feature on these sites, with dice faces replacing the usual symbols.

Before you play, keep two Belgian rules in mind. Since 1 September 2024, the minimum age is 21 for all gambling, online and in venues. Only the National Lottery still escapes this rule, and in April 2026 the Constitutional Court ruled that the exception must end for its online games by the end of 2026.

Your deposits are also capped at €200 per week, a rule in force since autumn 2022. To raise the cap, you have to go through the Gaming Commission, which first checks with the National Bank that you are not registered as a defaulting borrower. When it is time to pay, my page on Bancontact deposits for Belgian players will walk you through the national card.

Switzerland

Since 1 January 2019, the Federal Act on Gambling has allowed Swiss casinos to offer online casino games. They first need a licence extension from the Federal Council, then approval from the Swiss Federal Gaming Board before going live. No Swiss partnership had been announced by Expanse Studios as of October 2026.

Canada

In Québec, legal online gambling goes through the provincial monopoly. Ontario has welcomed licensed private operators since 2022, but no approval has been announced for the supplier application Expanse filed in December 2024. Alberta, the most recent market to open, has allowed regulated operators since 13 July 2026 under AGLC supervision. No Expanse deal there was known in October 2026.

How can you check that a casino really offers Expanse Studios?

A logo in the footer proves very little. Before you deposit, take three minutes for these checks.

  1. Find the licence number shown by the casino and look it up in your country's regulator register.
  2. Open the game lobby and filter by provider to confirm that Expanse Studios games are really there.
  3. Launch a game, open its help screen and note the RTP displayed, which may differ from the demo.

Expanse games often reach operators through aggregation platforms such as SOFTSWISS, EveryMatrix, BlueOcean Gaming, Hub88 or BetConstruct. A licensed casino working with one of them can offer these titles, but each operator chooses what it switches on.

Social casinos and offshore sites: two dead ends

In the United States, Expanse Studios first bet on social casinos and sweepstakes platforms. By March 2025, the group claimed this channel reached players in more than 40 states. These sites run on virtual currencies and hold no online casino licence. There is no point looking for them behind the CASINO button.

The real American test remains New Jersey, where Expanse relies on Bragg Gaming. This aggregator also produces its own titles, notably at Bragg's in-house studio in Ljubljana, and knows demanding markets well.

Another pitfall: the partner wall on the official site mixes regulated operators, aggregation platforms and offshore brands. Those never make it through the Kynox filter. Before following an ad praising Expanse games elsewhere, take a look at the casinos struck off my list to spare yourself a few nasty surprises.

The GAMES button: play Expanse Studios games for free

Every Expanse Studios game can be tried for free: each page of its official game showcase includes a demo. I opened its 83 launchers one by one, and all of them worked. Only the 84th game, the Win & Go lottery, runs on a separate server. On this page, the GAMES button will bring these free games together. Each demo is played with points, from 5 to 100 per bet, with no sign-up and no deposit, on desktop or mobile.

The translation files of 83 games contain 20 language versions. English sits alongside French, Spanish, Italian, Dutch, Portuguese and Brazilian Portuguese. Each launcher still has to request a language, though. On the official site, the launcher specifies none, while the GAMES button will ask for English. German is missing, and so is the Swahili promised in the FAQ. For a wider comparison, the Kynox multi-studio demo area will then take over.

An 84-game portfolio that goes well beyond slots

I counted 84 game pages on the Expanse Studios Our Games page, split into six families. Two tags flag games compatible with jackpots (24) and with tournaments (18). A separate page groups 19 custom versions branded for operators. There are no live games in this portfolio, which relies entirely on the random number generator.

Family (official site label)Games as of 20 October 2026Examples
Slot Games58Wild Icy Fruits, Leprechaun Wish, Vaso Psycho, Gates of Olympia
Casual/Other10Clown Fever, Evoji, Crazy Horses, Beach Penalties
Table Games7Titan Roulette, Diamond Blackjack, Sic Bo, Titan Dice
Crash Games4Super Heli, Super Heli Premium, Chicken Hot Run, Stock Trade
Video Poker3Diamond Joker Poker, Multihand Titan Poker, Mega Pixel Poker
Lottery Games2Instant Keno, Win & Go

From one official document to the next, the game count jumps around, sometimes within the same text. As late as October 2026, the About page mentions more than 50 games. A press release dated 10 December 2025 announces 65 in its headline, then 56 in its description of the provider. Then came 67 titles on 4 March 2026 and “nearly 100” on 13 October 2026. Do the 19 branded versions close the gap? Expanse doesn't say, and I stick to what the showcase shows.

Video poker and RNG tables: old-school craft

In its FAQ, the provider puts its modernised video poker games at the top of its most requested titles. Fans of free video poker hands will find three polished variants at Expanse.

Diamond Joker Poker and Mega Pixel Poker share the same rules: Joker Poker, Kings or Better, played with a 53-card deck that includes the joker. Their paytables are identical too. A natural royal flush pays 1,000 times the stake. Five of a kind, meaning four of a kind completed by the joker, pays 200 times. Mathematically, the two games are twins. The third of the trio, Multihand Titan Poker, deals a rather different hand.

At the tables, the method stays the same: respect the classics, then slip in a twist. Among its tables without a dealer, Mini Power Roulette shrinks the wheel to 13 numbers. Each round, it draws a Power number that pays 20, 50 or 100 times the stake on a straight-up bet. In return, the payout rate drops on bets that cover zero.

Diamond Blackjack plays on one to three positions with four decks reshuffled every round, which makes card counting pointless. Titan Dice lets you bet on the total of two dice, with a paytable that mirrors the odds. A 7 pays 5.83 times the stake, while a 2 or a 12 pays 35 times.

Slots: frozen fruit and open tributes

With 58 titles, slots make up the bulk of the catalogue, and some games openly claim their influences. Book of Eskimo presents itself as a tribute to the “Book” series of games. Gates of Olympia, on the showcase since May 2025, reuses the recipe that made the maker of Gates of Olympus and Sweet Bonanza so successful. Wins land with eight matching symbols anywhere on a 6x5 grid, backed by cascades and multipliers from x2 to x500.

Other titles open new paths for the studio. Presented in November 2023 as the studio's first Megaways game, Shaolin Crew uses the mechanic of the Australian creator of Megaways. Six reels holding two to seven symbols, cascades and up to 5,000 times the stake in the bonus make up the formula. Volcano Riches arrived in September 2026 and stacks totem wilds at x2 or x3, with wins climbing as high as 6,750 times the stake.

Seasonal spin-offs follow the calendar. Gates of Love, Gates of Christmas and Gates of Halloween carry over the Gates of Olympia mechanic. All of them share the same 5,000x cap, set by the rules of the Gates family. Wild Easter Eggs and Wild 4th Fruits dress up classic 40-line grids, one for Easter, the other for the Fourth of July.

Dice versions and instant games: the fringes of the portfolio

Between 5 June and 22 July 2026, Expanse released twelve Dice versions of its best-known games, from Wild Icy Fruits to Leprechaun Wish. This format, very common on Belgian sites, compares easily with other free dice slots and sic bo in the demo section.

Away from the reels, Wild West Spirit launched the studio's scratch games in November 2024, on a 3x3 grid with a mini jackpot and tournaments. Like Gem Miner, it holds its own against the site's scratch cards in trial mode. Gem Miner pays up to 1,000 times the stake per line for three matching diamonds, and 3,000 times when lines add up.

Instant Keno draws 20 numbers out of 80 in a few seconds. Hitting all ten numbers played pays 10,000 times the stake. A multiplier drawn at the same time (x0.5, x1 or x2) can still halve or double that win. Win & Go, a 48-ball lottery where you pick 6 numbers, shows its demo in Serbian with stakes in dinars. Beach Penalties opened the way to social gaming in September 2024, followed by Panda Worldwide, a 3x3 grid designed for social casinos and sweepstakes.

What's new at Expanse Studios in 2026

In 2026, the Expanse Studios showcase welcomed new releases almost every month. Super Heli Premium and Vaso Psycho opened the year, followed by Wild Easter Eggs in March and Stock Trade in April. From June to August came Gates of Arabia Extra Spin, the twelve Dice versions and Panda Worldwide. That summer also brought Jungle Temple, Throne of Ra, Chicken Hot Run and Mystic Guardians. Volcano Riches and Wilder Icy Fruits followed on 16 September 2026, then Spooky Wild 40, Candy's Extra Scatter and Wild 4th Fruits on 13 and 14 October 2026.

My pick of Expanse Studios games to try in free demo mode

Nine titles sum up the Expanse Studios range. Their features come from the provider's game pages and the demo rules, checked on 20 October 2026. You will find their published RTPs in the table of the RTP section.

Super Heli and Super Heli Premium: the helicopter game

A helicopter takes off, the multiplier climbs, and you have to cash out before it crashes. Super Heli, launched in March 2024, brought Expanse out of obscurity with a formula that fans of crash games will recognise at once. Up to three bets per round, a shared player chat and built-in free bets form its backbone.

Super Heli was the first Expanse game approved in Croatia, in July 2025, and it earned its certification for Brazil in April 2025. Its official page showed an RTP of 97% in October 2026.

Late January 2026 brought the Premium version, which adds a choice of country to fly over and bets on multiplier ranges. Use the demo to get used to auto cash-out, which you can set on each bet, and fix your exit before take-off. The whole genre feeds on that one extra second you allow yourself.

Chicken Hot Run: Expanse's take on the chicken game

Added to the line-up on 25 August 2026, Chicken Hot Run brings the chicken-crossing-the-road game to Expanse. Every lane crossed pushes the multiplier up, and any car can end the run. According to the provider, the top win reaches 50,000 times the stake. The nod to Chicken Road is heavy, maybe too heavy. I would have liked the studio to change more than the scenery.

Stock Trade

Stock Trade is the most original format in the line-up. This new breed of crash game, unveiled on 23 April 2026, does away with rounds. The curve moves continuously, you jump in whenever you like and you cash out whenever you choose. Expanse claims low volatility and a top multiplier of x20,000. The effect quickly becomes hypnotic for anyone who has ever followed a stock chart.

Wild Icy Fruits

Wild Icy Fruits was the studio's first classic slot, and it founded a whole dynasty, from 100 Super Icy to Wilder Icy Fruits. Back in early 2023, Expanse already described it as its most played classic slot. Compared with the games in the free slots section across all studios, it keeps the charm of an arcade cabinet. Fruits, bells and lucky 7s freeze in the ice across 40 lines, with a double-or-nothing gamble for the bold. For me, the original is still the best way in.

Leprechaun Wish

This title works as a barometer of Expanse's international ambitions. It appears in the batches certified for Portugal, Estonia, Latvia and Colombia. On twenty fixed lines, three scatters trigger 20 free spins, which the bonus buy offers straight away for 30 times the stake. Its game page and its rules do not show the same RTP, a gap I cover in the RTP section.

Vaso Psycho

February 2026 marked a first for Expanse: a celebrity slot, built around the Montenegrin MMA fighter Vaso Bakočević, nicknamed Psycho. This 10-line game on a 5x4 grid aims for medium-to-high volatility, with a top win of 10,000 times the stake.

Its rules include three bonus buys: the VASO feature at 30 times the stake, the FIGHT feature at 50 times and free spins at 10 times the stake each. On top of that, the game page mentions an Ante Bet option and support for a progressive jackpot.

I'm still in two minds about this mix of genres. Credit where it's due, though: the FIGHT feature tells a story. Here, the hero's opponent triggers multipliers from x3 to x100.

Titan Roulette Deluxe

Before you compare it with another free roulette game, look at the finish on this one. Chips move by drag and drop, and statistics cover the last 200 spins. A racetrack also lets you bet on tiers, orphelins or voisins du zéro. Its European wheel has 37 pockets and a single zero. In early 2023, the brand ranked its original version among its three biggest successes.

Multihand Titan Poker: RTP rises with the stake

This Deuces Wild is a video poker game where 2s act as wild cards. It plays on 1, 5, 10 or 25 hands at once. As in the gaming halls of old, the paytable rewards the maximum bet. At level 5, a natural royal flush pays 800 coins per coin bet instead of 250, and the payout rate rises from 96.77% to 97.97%. Playing max bet therefore improves the theoretical return, as long as your budget can keep up.

Clown Fever: a funfair Plinko

Plinko fans will feel almost at home. Here, you first bet on the bottom pockets, with odds from 2 to 60, before the ball tumbles down the peg board. Two multiplier candies (x2 and x5) send it back to the top and multiply the next win. Expanse already billed it as its most popular title in early 2023. It holds up well against the arcade-style casual games in the demo section, especially since its Deluxe version is more generous.

RTP and volatility: how good is the maths at Expanse Studios?

As of 20 October 2026, the 13 real-money Expanse Studios slots whose rules show their own rate offer a base-game RTP between 96.01% and 98%. Their median of 96.80% beats the 95.17% median measured the day before at the Milan-based provider Espresso Games. The maths holds up, even if the gap stays small over a single evening of play.

RTP, or return to player, measures the theoretical share of stakes paid back over a very large number of rounds. It predicts nothing about your next session. Expanse's FAQ, checked in October 2026, promises an average RTP of 97%. I preferred to verify it in the rules files loaded by each demo. For slots, the 96.80% median falls slightly short of that promise. Unless stated otherwise, the table shows the values read in those files.

GameTypeRTP recorded in October 2026
Diamond BlackjackBlackjack99.65% with optimal strategy
Diamond Joker PokerVideo poker98.60%
Mega Pixel PokerVideo poker98.60%
PiaSlot98%
Multihand Titan PokerVideo poker96.77% to 97.97% depending on bet level
Piñata LocaSlot97.31% in the base game, 97.21% in the bonus
Titan Roulette DeluxeEuropean roulette97.3%
Leprechaun WishSlot97.20% in the base game, 96.93% with bonus buy
Shaolin CrewMegaways slot97.14% (official page)
Wild West SpiritScratch card97.12% (official page)
Super HeliCrash97% (official page)
Stock TradeContinuous crash97%, 93% in the social version (official page)
Vaso PsychoSlot96.74% in the base game, 96.48% with bonus buy
Gates of OlympiaSlot96.63% in the base game, 96.73% in the bonus
Sic BoDice96.3% to 97.5% depending on the bet
Wild Icy FruitsSlot96.10%
Instant KenoKeno96.00% to 96.71%
Mini Power Roulette13-pocket roulette96.15% excluding zero, 92.31% on bets covering zero
Clown FeverPlinko95.24%, 97.15% in the Deluxe version
Magic WheelWheel of fortune94.45% to 96.14% depending on the bet
Panda WorldwideSocial slot93.35% (official page)

These figures call for careful reading. On their game pages, Leprechaun Wish and Piñata Loca show 97.23%, while their rules give 97.20% and 97.31%. Candy's Bonanza and Trick or Treat Bonanza display that same 97.23%.

A single game can also run with several RTP settings. Beach Penalties has three, Multihand Titan Poker changes rate with the bet, and the rules even include a 99.09% setting for a branded version of Leprechaun Wish. Be careful too with titles built for social casinos, which may pay less, such as Panda Worldwide (93.35%) or the social version of Stock Trade (93%).

Only the figure shown in the game's help screen at your casino counts, so check it before your first bet.

Volatility: adjectives rather than numbers

Expanse Studios describes the volatility of its games with adjectives. Wild 4th Fruits and Stock Trade sit at low, while 100 Super Icy, Jungle Temple and Panda Worldwide are rated medium. Vaso Psycho moves up a notch, to medium to high. Spooky Wild 40, Candy's Extra Scatter and Gates of Love claim the high level. No numerical index and no hit frequency appear on the pages I checked.

Win caps, on the other hand, are stated in black and white. Wild 4th Fruits stops at 1,000 times the stake, Spooky Wild 40 at 1,543 times and Jungle Temple at 2,500 times.

From jackpots to ACHIVO points: the promotional toolbox

Expanse Studios also sells casinos retention tools. Twenty-four games on its showcase support multi-level progressive jackpots, which you can try on multi-level jackpot slots in demo mode before staking a single cent. Depending on the title, the tiers are called Mini, Midi and Mega, or Mini, Major and Grand. Since April 2026, two formats have joined them: a Happy Hour Jackpot scheduled at set times and a Mystery Jackpot with configurable tiers.

Eighteen games support tournaments, played on spin count, bonus buys, a combined format or a time window. Late 2025 brought timed free spins, often lasting 60 seconds, and a direct bonus game trigger. A Bonus Bet option completed the toolkit on 4 March 2026.

And then there is ACHIVO, the loyalty programme tucked into a corner of the game screen. Every spin earns points, which can be exchanged for free spins, free bets, cash prizes or physical rewards. Operators can also boost certain games during their promotions.

Everything still depends on the operator, which is free to switch these tools on or off. And a system that rewards playing volume pushes you, by design, to play more. Set yourself limits with the tools to keep your playing time in check that I list, then stay in control of your budget.

Who is behind Expanse Studios?

Behind Expanse Studios is a Serbian company, EXPANSE STUDIOS DOO, registered on 30 September 2022 in Novi Beograd and controlled by the US group Meridian Holdings. On its official website, the brand appears as both Expanse Studios and Expanse Studio. It presents itself as a studio founded in 2017 by industry veterans.

Its director, Damjan Stamenković, also signs the provider's statements as CEO. Majority shareholder Meridian Gaming Ltd held 88% of the capital in October 2026, and four individual partners shared the rest. This Serbian register data is published by CompanyWall, based on records from the public agency APR.

Meridian is no ordinary name in the Balkans. The group brings together a sports betting and casino operator founded in 2001, which holds licences in 18 jurisdictions according to a June 2026 press release. It also has a supplier division, where Expanse sits alongside the GMAG platform. Listed on Nasdaq as Golden Matrix Group, it became Meridian Holdings on 3 March 2026, with the ticker MRDN.

Meridian Holdings details this change of identity, together with a reverse stock split, in its annual report filed with the SEC for 2025. Yet the same report lists Expanse Studios among its wholly owned subsidiaries, while the Serbian register shows 88%. Neither document explains the gap.

Expanse Studios has kept its Belgrade accent right down to its code. Its game titles carry the Serbian class “naslov-igrice” (literally “game title”), and its servers answer behind a .rs domain.

Within the region, its path stands out from its neighbours'. Further east, the Sofia-based giant of casino cabinets, founded in 2002, builds machines for land-based venues and relies on a digital subsidiary. For its part, the Bosnian virtual games provider made its name with simulated races and matches. Expanse, by contrast, was born online.

Expanse Studios fact sheet

ItemData (October 2026)
Trade nameExpanse Studios (Expanse Studio on part of the official website)
Legal nameEXPANSE STUDIOS DOO, Beograd (Novi Beograd)
Serbian registrationMatični broj 21839051, PIB 113286058
Head officeBulevar Mihajla Pupina 10B, 11070 Belgrade, Serbia
Founded2017 for the brand, 30 September 2022 for the Serbian company
Parent companyMeridian Holdings Inc. (Nasdaq: MRDN), formerly Golden Matrix Group
ExecutiveDamjan Stamenković, CEO
Slogan“Universe is the limit!”
Game portfolio84 games on the official showcase
Game typesRNG only, no live games
LicencesSweden (game provider, until 1 December 2030), Romania (Class 2, December 2025), Bulgaria (April 2024)
Game languages20 versions, including English
Contact[email protected]

Its journey comes in three acts. Until 2024, Expanse Studios plugged into the major distributors: BlueOcean Gaming and EveryMatrix in 2022, Golden Matrix in February 2023 and SOFTSWISS in May 2024. Then came the race for licences, from Bulgaria in April 2024 to Romania and Sweden in December 2025. Since late 2025, everything has sped up with Belgium, Estonia, Latvia, Portugal, Colombia, New Jersey and Slovenia.

Expanse's claimed network follows the same curve, from more than 1,300 casino brands served at the end of 2025 to more than 1,800 on 13 October 2026.

Transparency: what Expanse Studios shows and what it hides

On transparency, Expanse Studios blows hot and cold, and Malta is the best example. Its Licenses page lines up five logos without a single number: MGA, GLI, Serbia, Bulgaria and ISO/IEC 27001:2022. In the MGA register, checked on 20 October 2026, no entity in the Expanse name appears among the 317 listed authorisations.

A Maltese company named after the provider's majority shareholder does appear on the register: Meridian Gaming Limited (C41334), which holds B2B licence MGA/B2B/712/2019. Meridian's 13 October 2026 press release counts Malta among the group's 14 certified markets, without quoting a number. One can assume the Maltese logo refers to this group-level cover. Expanse never says so.

On the lab side, certifications rest on dated press releases that name the games. An ISO/IEC 27001:2022 information security certification, obtained in November 2024, rounds out the picture. But the Certificates link in the footer leads to a password-protected client area, so these documents stay out of public reach.

Communication is where the rigour slips a notch. Its News section stopped on 20 May 2025. A counter on the About page claimed more than 100 awards in October 2026. The site itself only documents nominations, at the SiGMA awards in 2022 and 2024. And the distribution press release published on 5 January 2026 was withdrawn on 23 March without explanation. Nothing disqualifying, but enough to read its announcements with a red pen in hand.

How did I build this review?

This review reflects the situation on 20 October 2026. I went through the 84 game pages on the showcase and opened the 83 demo launchers with their rules files. I then checked several paytables on screen. I also consulted the Swedish, Belgian and Maltese registers, as well as the Serbian register data. Press releases from the group, cited with their original dates, complete the picture. Every key claim went through a second check before publication.

My verdict on Expanse Studios: cards still face down

In October 2026, Expanse Studios is a reliable provider on its games and on the licences you can check, but it remains opaque about its certificates and its figures.

In poker, you judge an opponent at the showdown, not by the size of their raises. At that game, the Belgrade provider happily turns over the cards you can check. A Swedish licence on the register, a real presence in Belgium, readable RTPs and demos in 20 languages all land face up. Others stay face down: an MGA logo without its own licence, certificates behind a password and game counts that change from one document to the next. On these points, it raises without showing its hand.

I'll admit a soft spot for its video poker games, true to the grammar of old-school cabinets. I also like Stock Trade, to my eyes the only genuinely new idea in the line-up. The rest often follows in the footsteps of hits from elsewhere, from Chicken Road to Gates of Olympus. I expected one more small provider stuck in its home market. Instead, I found a serious competitor, still too quick to borrow other people's recipes.

One question remains for 2027: will Expanse Studios publish its certificates as readily as its press releases? Until then, I will keep following it like every game provider I have documented, licence by licence. As for the CASINO button on this page, it will grow as verifiable authorisations come in.

FAQ: Expanse Studios

What is Expanse Studios?

Expanse Studios is a Serbian online casino game provider, founded in 2017 and based in Belgrade. It licenses its games to casinos under a supplier licence and made its name with Super Heli, the helicopter game. As of 20 October 2026, its official showcase lists 84 games powered by a random number generator, with no live games.

How does Super Heli, the helicopter game, work?

Super Heli is the flagship crash game from Expanse Studios, launched in March 2024. A helicopter takes off, the multiplier climbs, and you have to cash out before it crashes. Players can place up to three bets per round, each with adjustable auto cash-out. Its official page showed an RTP of 97% in October 2026.

How many games does Expanse Studios offer?

As of 20 October 2026, the official Expanse Studios showcase lists 84 games. They include 58 slots, 10 casual games, 7 table games, 4 crash games, 3 video poker games and 2 lotteries. A separate page adds 19 custom versions branded for operators. The group claimed “nearly 100 titles” on 13 October 2026.

Can you play Expanse Studios games for free?

Yes. Every game page on the official Expanse Studios showcase offers a free demo, with no sign-up or deposit, on desktop or mobile. Demos are played with points, from 5 to 100 per bet. The translation files of 83 games cover 20 languages, including English. The GAMES button on this page will bring these demos together.

Which casinos offer Expanse Studios games?

As of 20 October 2026, licensed casinos offer Expanse Studios games in at least Sweden, Belgium, Bulgaria and Serbia. Licences or certifications also cover Croatia, Slovenia, Romania, Portugal, Estonia, Latvia, Colombia and Brazil. The CASINO button shows the ones selected for your country and stays empty where no selected operator offers them yet.

Are Expanse Studios games available in Belgium?

Yes, since 23 February 2026. More than 60 Expanse Studios games run on a site from the same group as the provider, covered by B+ licence no. 4016 from the Gaming Commission. Players must be 21 or over, and deposits are capped at €200 per week unless the Commission approves a higher limit.

Does Expanse Studios hold a licence?

Yes, at least in Sweden. The Spelinspektionen register shows a game provider licence in the name of Expanse Studio D.O.O., valid until 1 December 2030. The group also announces a Class 2 supplier licence in Romania (December 2025) and a Bulgarian licence (April 2024). The Maltese register, however, listed no entity in the Expanse name on 20 October 2026.

What is the RTP of Expanse Studios games?

As of 20 October 2026, the 13 Expanse Studios slots whose rules give their own rate show a base-game RTP between 96.01% and 98%. Their median stands at 96.80%. RTP measures the theoretical share of stakes paid back over a very large number of rounds. The record goes to Diamond Blackjack, at 99.65% with optimal strategy.

Who owns Expanse Studios?

Expanse Studios belongs to Meridian Holdings, listed on Nasdaq under the ticker MRDN and known as Golden Matrix Group until 3 March 2026. In October 2026, the Serbian register attributes 88% of EXPANSE STUDIOS DOO to Meridian Gaming Ltd. The group's annual report, however, presents it as a wholly owned subsidiary.

Is Expanse Studios a reliable provider?

On its games and verifiable licences, yes. Its Swedish licence is on the register, its games run on a licensed site in Belgium and their RTPs can be read in each demo's rules. The studio is less transparent about its lab certificates, kept in a password-protected client area. Its game count also varies from one document to another.

Sources:

Official Expanse Studios website

Registers and authorities

Press releases and trade press