InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Financial Results, Record Revenues in Q1 2023
March 17, 2023
Golden Matrix Group (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today released its financial results for its fiscal quarter ended Jan. 31, 2023. Among the highlights, the company reported Q1 2023 revenues of $10,777,679, a 21.4% increase on revenues of $8,877,105 in the like […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Releases Q1 Financial Report with Record $10.5M Revenues
February 23, 2023
Golden Matrix Group (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems, and gaming content, is reporting record revenues for its first quarter, ending Jan. 31, 2023. The report shows that revenues reached more than $10.5 million for the quarter, an estimated 19% improvement on $8.8 million revenues for […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Releases FY 2022 Financial Numbers, Reports Record Revenue
January 30, 2023
Golden Matrix Group (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems, and gaming content, has released a financial report for FY 2022, the year ended Oct. 31, 2022. Highlights of the report included full-year revenues of $36 million, a 219% increase from the previous year and a revenue […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Moves to Acquire MeridianBet Group
January 12, 2023
Golden Matrix Group (NASDAQ: GMGI) is a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content. The company today announced its entry into a definitive acquisition agreement pursuant to which it has agreed to acquire MeridianBet Group and its related companies in a cash and stock transaction valued at […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Exclusive Distribution Agreement
December 12, 2022
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, has entered into an exclusive distribution agreement with Elray Resources Inc., which trades as Elray Gaming. The agreement gives GMGI exclusive rights to provide all gaming content to Elray Resources’ clients. According to the announcement, Elray Resources will launch […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Preliminary Fiscal 2022 Revenues, Expected 201% YOY Increase
November 18, 2022
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, today announced its preliminary revenues for the fiscal year ending Oct. 31, 2022, reflecting expected record revenues of more than $34 million. According to the update, this represents an estimated 201% improvement on revenues of $11.3 million in the […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Full Acquisition of Interest in RKings Competitions
November 4, 2022
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, has acquired the remaining 20% interest in RKings Competitions; the company now owns a total of 165,444 restricted shares of GMGI’s common stock payable to the two former owners of RKings. Company officials announced the transaction, which makes RKings a […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Distinctive in Highly Competitive Online Gambling Space
November 3, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, white labels its industry-leading GM-AG System that can be custom-built from 10,000+ game options for its roughly 650 clients serving about 6.8 million end users. “The online gambling space is highly competitive, leading to most of the world’s biggest […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Continually Upgrading Systems, Gaming Content to Maintain Competitive Edge
October 21, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, is leveraging the growth opportunity that has arisen as casino operators embrace digital avenues. “Golden Matrix’s GM-AG System is the industry standard for gaming platforms, including leading graphics and over 10,000 games to give casino operators a copious number […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Thrives in an Industry Where Content is King
October 17, 2022
Google recently announced the closure of its Google Stadia gaming business, a decision which may have partly been underpinned by the dearth of new gaming titles available on the platform Content has remained a crucial driver of success within the iGaming industry, a factor which Golden Matrix Group have sought to cater to Through their […]
Pandemic, Dinosaurs and Raffles: Why Golden Matrix Group Inc. (NASDAQ: GMGI) is a Diamond in the Rough
October 13, 2022
While a tough economic climate has hurt many businesses in recent years, Golden Matrix has amassed a streak of 16 consecutive profitable quarters The GMGI portfolio includes over 10,000 games and a turnkey system designed to promote user acquisition, engagement, retention, and monetization After buying 80% of RKings International, GMGI is preparing to expand the […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Posting Increasing Revenues Quarter after Quarter on Strengths of Its B2B, B2C Platforms
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, currently supports over 645 operators and 6.8 million players in its B2B business and over 229,000 players in its RKings B2C segment. “GMGI’s next generation GM-Ag System – the industry standard – provides access to 10,000+ games while simplifying […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Rolling out Expansion Strategy to Capitalize on ‘Compelling Opportunities’
October 7, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, owns an extensive portfolio of proprietary technology that has made it a leader in B2B solutions. This is evidenced by the company’s record-breaking revenues and non-stop profitable quarters. “Backed by its stellar financial track record, GMGI is moving into […]
Business Booming for Golden Matrix Group Inc. (NASDAQ: GMGI) as Online Gambling Continues Growth in Popularity
October 3, 2022
Data Bridge Market Research forecasts a 13.7% CAGR for the casino online gambling market to reach $144.74 billion in 2028 Golden Matrix Group is demonstrating growth in both its B2B and B2C businesses, as it prepares to enter the Mexican markets GMGI revenue for the first nine months of fiscal 2022 was $26.46 million, up […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Rides Growing iGaming Wave with Record-Breaking Revenues, Market Expected to Double by 2027
September 29, 2022
iGaming market expected to double from $173 billion to over $340 billion by 2027 GMGI recently posted record-breaking Q3 revenue results, 16 non-stop profitable quarters GMGI’s industry-standard GM-Ag System provides access to 10,000+ games, simplifies payment options, leverages data analytics to provide total 360-degree performance visibility The iGaming market continues its rapid pace of growth […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Rides on Horizontal, Vertical Growth to Log Best Revenue Quarter Ever
September 16, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has weathered the geopolitical drama and international upheaval that fueled recession concerns amid spiking inflation. None of that stopped the company from having its best revenue quarter ever, spearheaded by horizontal and vertical growth. “The Las Vegas-based company logged […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Achieves Record Revenues, 16th Consecutive Quarter of Profitability
September 8, 2022
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, today announced financial results for its third fiscal quarter ended July 31, 2022. Among the highlights, the company reported revenues of $9,101,541*, an increase of 180% as compared to the year-ago quarter. The company also noted that it has […]
B2B iGaming Leader Golden Matrix Group Inc. (NASDAQ: GMGI) To Enter B2C Market with Recent Permit Approval
September 2, 2022
GMGI acquired 80% stake in RKings social gaming platform that earned $32 million in revenue and $2.6 million in net income during fiscal 2021 Permit application for Mexico approved others to follow as more governments legalize online gambling Online gambling revenues expected to reach $153.6 billion by 2030 at CAGR of 11.7 percent from 2022 […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Set to Capitalize on US Online Gaming Boom
August 31, 2022
Commercial gaming revenues in the United States reached a record $14.81bn in 2Q22 Online gaming operations grew at an even faster pace, rising by 34.3% YoY to all-time high of $1.21 billion Recent studies have found that the online gaming market space within the United States could triple in size over the next five years, […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Scores Big Q3 Win on International Expansion
August 26, 2022
GMGI sets new bar for quarterly revenue, topping $9 million for first time The company currently has a string of 15 consecutive profitable quarters Golden Matrix is growing through international M&A activity and launching gaming products, including a new highly anticipated eSports platform Tech stocks have rallied since the tech-laden Nasdaq hit a nearly two-year […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Providing Industry Leading, Turnkey B2B iGaming, Esports Solutions
August 24, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, continues to leverage technological advances and incorporate them into its turnkey B2B solutions for online gambling operators. “Recent technological advances have made online gambling easier, more convenient and more enjoyable for some users when compared to a physical casino […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Leveraging GM-X Solution, Robust Portfolio to Exploit New Era of Online Gambling Sector’s Growth
August 19, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, is well placed to exploit the growth of the online gambling sector. “The advent of online gaming as well as the rapid uptake witnessed within the realm of metaverse gaming has attracted a host of platforms to the sector… […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Primed for Online Gambling Explosion in U.S.
August 17, 2022
Since the federal government stepped out of the way with laws, 6 states so far have legal online casino games, with 3 already topping $1.0 billion in annual revenue Las Vegas-based Golden Matrix Group has built a robust platform it customizes and white labels to international casino operators providing access to over 10,000 games Well-suited […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Reports a Record $9 Million in Quarterly Revenues
August 15, 2022
Golden Matrix Group Inc revealed that revenues for the third fiscal quarter ending July 21, 2022, exceeded $9 million The record top-line result marks a significant, 177% increase on a year-over-year basis Management attributed the strong performance to continued growth within the company’s B2B and B2C segments, noting that there were approximately 635 operators and […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Leverages Latest Tech Trends as Gamblers Continue Moving Online
August 11, 2022
Physical casino visits never recovered from COVID-19 restrictions Online gambling industry growing rapidly at CAGR of 11.7 percent from 2022 to 2030, expected to reach $153.6 billion by 2030 Esports, social gaming, online poker tournaments, relaxed legislation driving user growth GMGI offers B2B partners access to 10,000+ games from over 25 leading game providers, aims […]
Esports Market to Hit $12.5 Billion by 2030, Golden Matrix Group Inc. (NASDAQ: GMGI) To Add New Platform to Growing B2B iGaming Portfolio
August 4, 2022
Esports industry maturing, attracting growing audience via star-studded tournaments, ticket sales, merchandise, live social media events Industry expected to reach $12.5 billion at a CAGR of 21.9% by 2030 GMGI recently featured on Benzinga’s Esports Listmakers Series, CEO reveals upcoming launch of Esports platform GMGI delivers easily customizable, configurable, modular solutions for B2B operators, recently […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Records First $9M Quarter
August 3, 2022
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, today announced it recorded record revenues exceeding $9 million in the third fiscal quarter ended July 31, 2022. According to the update, this represents an estimated 177% improvement on revenues of $3.25 million in the comparable year-ago quarter. “We […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Surfs the Rising Wave of Metaverse Gaming
August 2, 2022
The popularity of online gaming is set to be further boosted through the advent of ‘Metaverse’ gaming Metaverse gaming allows for users to enhance their virtual gaming experience, interacting socially with their peers to mimic a realistic, casino experience in the comfort of their homes The development is also of great appeal to gaming providers, […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Looking to Capitalize on Booming iGaming, Esports Markets
July 29, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, intends to capitalize on the burgeoning iGaming market expected to reach $127 billion by 2025 from $76.8 billion in 2020, buoyed by growth in Europe, the U.S. and Asia. “Golden Matrix’s GM-X system and newly launched GMX-Ag platform are […]
iGaming Legalized in Ontario, Golden Matrix Group Inc. (NASDAQ: GMGI) Positioned to Benefit from Relaxed Legislation
Canadian province of Ontario recently legalized iGaming, other provinces expected to follow iGaming industry expected to reach 153.6 billion by 2030 at CAGR of 11.7% from 2022 to 2030 GMGI offers highly modular, turnkey, and white label gaming solutions for growing B2B customer base Recently released financial results reveal 15 consecutive profitable quarters, 221% Q2-2022 […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Reports Fastest 1QFY2022 Revenue Growth within the Online Gaming Sector
July 26, 2022
Golden Matrix Group recorded revenue growth of +355% YoY in 1QFY22, the highest growth rate within the online gaming sector Golden Matrix attributed part of the increase to strong revenue contributions from UK-based RKingsCompetitions Ltd, which it purchased an 80% stake in as of November 2021 RKings has emerged as one of the UK’s largest […]
Looking for an Edge? Golden Matrix Group Inc. (NASDAQ: GMGI) to Release Peer-to-Peer Esports Betting Product
July 22, 2022
GMGI CEO says new P2P Esports offering coming “quite soon” Gaming operators have need for new products to grow market share New product overcomes challenges related to compliance in Esports gambling If you’re paying attention to the sports betting market, you’re seeing companies big and small looking for edges to capture market share from competition […]
InvestorNewsBreaks – Golden Matrix Group Inc.’s (NASDAQ: GMGI) GMX-Ag System Facilitating Brand Expansion, Global Market Penetration
July 21, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has been a key beneficiary of a trend that has seen hundreds of gambling platforms opt for white label product offerings from third-party providers. GMGI provides its end customers with access to a substantial portfolio of upwards of 10,000 […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Maintains String of Profitability in 15 Consecutive Quarters
July 15, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, continues to grow every quarter, returning value to shareholders. “While many companies languished through the COVID-19 pandemic, GMGI maintained its string of profitability, which has now been extended to 15 straight quarters. From beginning of this fiscal year, the […]
Emerging iGaming Technology Trends Fuel Golden Matrix Group Inc.’s (NASDAQ: GMGI) B2B Growth Strategy
July 12, 2022
Enhanced graphics, Gamification, AI-powered loyalty systems and data analytics redefining iGaming experience and generating higher player yields for online operators. GMGI sets industry standard, offers 10,000+ games across 25+ providers Company provides highly configurable, modular, white-label, turnkey gaming platforms compatible with all major operating systems, browsers, devices Company recently reported 221% Q2-2022 growth, 15 consecutive […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Achieves 221% YoY Quarterly Revenue Growth
July 8, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, recently reported financial results for its second fiscal quarter, with quarterly revenues rising by 221% year-over-year to $8,482,743. “Meanwhile, Q2 net income rose to $586,984, a significant increase relative to the $127,986 recorded in the equivalent period a year […]
Gambling Market Setting New Records, a Perfect Storm Brewing for Golden Matrix Group Inc. (NASDAQ: GMGI)
July 7, 2022
The iGaming market is expected to reach $127 billion by 2027 Golden Matrix Group provides turnkey gaming platforms giving iGaming operators access to over 10,000 games, state of the art loyalty and customer retention systems GMGI recently acquired and 80% stake in RKings, helping boost revenue 221% in Q1 to $8.48 million as it ventures […]
Golden Matrix Group Inc. (NASDAQ: GMGI) Sees Robust Growth Within Their White-Labelled B2B Offering
July 5, 2022
The online gaming sector got its start in 1994, through the launch of Microgaming The sector has seen hundreds of online gaming platforms come online in the ensuing decades, with the vast majority opting to white-label their gaming offering from third-party providers Golden Matrix Group has sought to cater to this demand through its GMX-Ag […]
InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Leveraging AI-Powered Systems to Maximize Value for B2B Base
July 1, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, leverages the power of artificial intelligence (“AI”) to maximize profits for its growing business-to-business (“B2B”) customer base. “The company offers highly modular, configurable, turnkey, and white-label gaming platforms that are compatible with all major browsers, operating systems and devices. […]
No Debt and a Lot of Money Sets Golden Matrix Group Inc. (NASDAQ: GMGI) Apart as It Sets Sights on ESports Too
June 30, 2022
GMGI a standout differentiated in Benzinga’s Listmakers Series: ESports Golden Matrix will be launching a new P2P ESports betting platform GMGI is eyeing new accretive acquisitions to extend its string of nearly 4 years of consecutive profitable quarters Companies are usually willing to open their bank accounts for naming rights. For instance, FedEx is paying […]