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Golden Matrix Group Inc. (NASDAQ: GMGI) Rides Growing iGaming Wave with Record-Breaking Revenues, Market Expected to Double by 2027
September 29, 2022

Golden Matrix Group Inc. (NASDAQ: GMGI) Rides Growing iGaming Wave with Record-Breaking Revenues, Market Expected to Double by 2027

  • 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 with expectations it will double from $173 billion to over $340 billion by 2027 (https://ibn.fm/8JO3m).  Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms and systems, continues to ride the rising wave of industry growth with non-stop consecutive profitable quarters and record-breaking quarterly revenues (https://ibn.fm/AATls).

“Our ability to generate increasing revenues with quarter-after-quarter of profitability attests to the strengths of our B2B and B2C platforms,” said GMGI CEO Anthony Brian Goodman. “Because of the highly competitive nature of our industry, we are continually upgrading our systems and gaming content offerings to support the needs of our millions of participants.”

iGaming is a diverse industry comprising numerous forms of online gambling, including regular online casinos, poker rooms, e-sports betting, crypto casinos, and binary trading. Factors contributing to industry growth are linked to the increased availability of smartphones, laptops, and virtual reality headsets. In addition, Covid-19 pandemic restrictions catalyzed industry expansion by driving people to online activities when government mandates forced casinos and other entertainment venues to close.

Casino aggregator platforms additionally fuelled industry growth by reducing barriers to entry and easily connecting operators to suppliers, payment systems, and gaming content. GMGI’s next generation GM-Ag System – the industry standard – provides access to 10,000+ games while simplifying payment options via seamless integrations with third-party platforms and digital wallets.

GM-Ag additionally supports all major currencies, offers multiple language options, and can be accessed by any major operating system on any device with an internet connection. The platform also features AI-based tools that help operators derive maximum revenue from each player, and data analytics that enable complete 360-degree performance visibility.

“The GMX-Ag (aggregate) platform, which provides numerous features to benefit both operators and their players, continues to gain traction, even outside our traditional markets,” said Goodman. “Additionally, on the B2B side, we provide our operators with the marketing tools they need to strengthen their customer acquisition and retention.”

Based in Las Vegas, Golden Matrix is an established gaming technology company that currently supports over 645 operators and 6.8 million players in its B2B business, and over 229,000 players in its RKings B2C segment. With a proprietary portfolio of highly modular, configurable, and scalable AI-powered gaming platforms, GMGI is strongly positioned to lead the hyper-growth iGaming industry.

For more information, visit the company’s website at www.GoldenMatrix.com

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

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