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InvestorNewsBreaks

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

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 […]

News Articles

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 […]

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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, […]

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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

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

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… […]

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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 […]

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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 […]

News Articles

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 […]

News Articles

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

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 […]

News Articles

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

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 […]

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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 […]

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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 […]

News Articles

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

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

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 […]

News Articles

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

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 […]

News Articles

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 […]

News Articles

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

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. […]

News Articles

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 […]

News Articles

Golden Matrix Group Inc. (NASDAQ: GMGI) Grows Quarterly Net Income by Over 359% Yoy, Sees Margins Widen by Nearly 43%

June 27, 2022

Golden Matrix Group recently reported its 15th consecutive quarter of profitability GMGI’s second quarter revenues rose 221% YoY with net income expanding by upwards of 359% YoY GMGI attributed the rise in revenues to the added contribution from UK-based competition company, RKingsCompetitions Ltd, which Golden Matrix acquired in November 2021 Management expressed their continued optimism […]

News Articles

Golden Matrix Group Inc.’s (NASDAQ: GMGI) AI-Powered I-Gaming Systems Fuel Revenue Growth Despite Looming Recession

June 23, 2022

Online gambling growing despite recession fears, expected to reach $115.13 billion by 2026 at CAGR of 9.2%  GMGI leads industry with modular, turnkey, and white label gaming platforms compatible with all major browsers, operating systems, devices GM-X gaming systems collect player data, leverage AI algorithms to enhance gaming experience, increase player retention, boost B2B client […]

InvestorNewsBreaks

InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Featured in Latest Episode of Bell2Bell Podcast

June 21, 2022

Golden Matrix Group (NASDAQ: GMGI), a gaming technology company, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. GMGI’s CEO Brian Goodman joined the latest episode to discuss Golden Matrix’s business model, which includes both business-to-business (“B2B”) and business-to-consumer (“B2C”) operations. “Our […]

InvestorNewsBreaks

InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Eyes Accelerated Growth of B2C Businesses

June 17, 2022

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, made its foray into the business-to-consumer (“B2C”) marketplace in December following the acquisition of an 80% stake in RKings Competitions Ltd. RKings is a United Kingdom-based company and leading operator of online skill-based competitions throughout the U.K. and Ireland. […]

News Articles

Golden Matrix Group Inc. (NASDAQ: GMGI) Focused on Growing Out Their B2B and B2C Verticals

Golden Matrix Group, Inc has been a major beneficiary of the growth in online gaming as well as the ongoing regulation and legalization of online casinos and online sports betting Globally The Company has expanded its white-label B2B offering through the launch of the GM-X and GM-Ag turnkey solution, a complete software package designed to […]

News Articles

Golden Matrix Group Inc. (NASDAQ: GMGI) Leverages AI-Powered Platform to Maximize Online Gaming Profits

June 15, 2022

iGaming customer acquisition costs rising, reducing operator profitability GMGI offers AI-powered iGaming software that provides partners with customer data that boosts monetization strategies, increases player retention System generates skill and game-preference data that enables operators to offer incentives that prolong activity and increase returns Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online […]

InvestorNewsBreaks

InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Poised as Industry’s Most Extensive Gaming Portfolio Provider

June 10, 2022

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has sought to bridge the gap between gaming operators and studios through its GM-X and the launch of its B2B aggregate gaming system, GMX-Ag. “Golden Matrix’s GM-X system has long been established as the industry standard, granting gaming platforms […]

InvestorNewsBreaks

InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Strong Q2 Financial Results

June 3, 2022

Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, today announced financial results for its second fiscal quarter ended April 30, 2022. Among the highlights, the company reported Q2 revenues of $8,482,743, a 221% increase as compared to the same quarter last year. The company also noted […]

InvestorNewsBreaks

InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Eyeing Expansion, Scaling

May 27, 2022

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has historically focused on business-to-business (“B2B”) operations, providing gaming companies with the tools they need to improve profits and reduce churn, industry nomenclature for losing players. “Golden Matrix IP includes its flagship GM-X System and its recently released next-gen […]

News Articles

Golden Matrix Group Inc. (NASDAQ: GMGI) Upgrades RKings Contest Platform, Looks to Keep Compounding Profits

May 26, 2022

In December, Golden Matrix Group entered the B2C gaming market with the acquisition of the majority of U.K.-based skilled gaming company RKingsCompetitions Ltd. This month, GMGI launched an upgraded version of the platform, which gives contestants the opportunity to win cars, electronics, tools, and more The combination of GMGI’s B2B operations and new mix of […]

News Articles

Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Tie-up with Endorphina, Further Expands B2B Online Game Offering

May 23, 2022

Golden Matrix Group recently announced a tie-up with online slot-game provider, Endorphina The venture will see Golden Matrix Group amalgamate Endorphina’s 100 game portfolio on to their existing B2B gaming portfolio GMGI currently provide gaming platforms with access to upwards of 10,000 games drawn from over 25 gaming studios via their GMX-Ag system Golden Matrix […]

News Articles

Golden Matrix Group Inc. (NASDAQ: GMGI) Seeks to Cement Position as Online Gaming Industry’s Aggregator of Choice

May 19, 2022

Golden Matrix Group have emerged as one of the online gaming industry’s most extensive gaming portfolio providers The company provides gaming platforms with access to over 10,000 games drawn from upwards of 25 gaming studios Golden Matrix have sought to further cement their position within the gaming industry through the recent launch of their next […]

InvestorNewsBreaks

InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Launches Upgraded RKings Tournament Platform

May 17, 2022

Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, has launched an upgraded Tournament platform. The robust new version of the platform includes added features and functionality specifically for Rkings’ players in Ireland and the United Kingdom. GMGI anticipates that the new platform will lead to an increase […]

News Articles

Inflation Not Dampening Online Gaming as Golden Matrix Group Inc. (NASDAQ: GMGI) Accelerates Expansion

DraftKings sees no inflationary impact on player demand in first quarter report While major B2C online gaming companies struggle with exorbitant costs, Golden Matrix’s B2C model has resulted in 14 consecutive profitable quarters Golden Matrix acquired 80% of B2C prize competition company RKings Competitions Ltd, an immediately accretive move that facilitates expansion into new markets […]

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Golden Matrix Group Inc. (NASDAQ: GMGI) Leading to Way to Better Player Retention, Profits

May 13, 2022

GMGI white labels turnkey online casino, sportsbook, and live gaming content solutions complete with a single wallet for players for both desktop and mobile applications Y-o-Y revenue soared 355% to $8.88 million in Q1 fiscal 2022 with 500+ different casino brands and over 6 million players supporting GMGI’s 14th straight profitable quarter Golden Matrix recently […]

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