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Golden Matrix Group Inc. (NASDAQ: GMGI) Seeks to Cement Position as Online Gaming Industry’s Aggregator of Choice
May 19, 2022

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

  • 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 generation B2B GMX-Ag system
  • Simultaneously, the company has looked to bolster its gaming portfolio, most recently through a tie-up with Spearhead Studios, which will see the later companies over 90 proprietary video games added to GMGI’s extensive product offering 

According to games directory SlotCatalog, there are currently over 23,000 online casino games available today, produced by over 450 gaming studios. Tens of studios emerge each year, only to find success largely fleeting due to a limited product portfolio or name recognition. Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content have sought to bridge the gap between gaming operators and studios through 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 with access to upwards of 10,000 games from a broad array of over 25 gaming studios via a singly gaming API – firmly cementing its position as the industry’s most extensive gaming portfolio provider. The company’s gaming partners dominate the global online gaming market, with GMGI currently supporting over 500 unique casino brands and over 6 million players (https://ibn.fm/ktSTg). Now and through the launch of their next generation GMX-Ag platform, Golden Matrix are seeking to further establish their position as the industry’s online gaming aggregator of choice. 

“The adoption of the GMX-Ag system is both strategic and timely,” said Golden Matrix CEO Brian Goodman (https://ibn.fm/B02oe). “It expands our B2B offerings to operators in the Asia Pacific (‘APAC’) region, our traditional market, and at the same time opens new market opportunities for Golden Matrix outside of APAC. In addition to enhancing organic growth, we are focused on entering new international markets through the acquisition of B2B and B2C businesses with strong revenues and profitability. We expect our growth strategy to expand the GMGI brand and accelerate the company’s global market penetration.” 

In addition to the launch of its new gaming aggregator system, Golden Matrix have looked to further broaden their product offering – completing its first major transaction in early December 2021, through the acquisition of an 80 percent controlling ownership interest in UK-based RKings Competitions Ltd., a well-established B2C competition business. 

More recently, Golden Matrix Group announced that it would aggregate Spearhead Studios’ online casino video games within its product portfolio, through the formation of a ‘pivotal’ alliance with the gaming studio. The agreement will see Spearhead Studio’s portfolio of over 90 proprietary video games – with titles such as “John Daly: Spin It and Win It” and “Guide of Souls Remastered” accessible by way of Golden Matrix’s online casino providing (https://ibn.fm/MT2sj).

Mathis Larsson, Managing Director of Spearhead Studios commented in regard to the tie-up, “The partnership between Spearhead Studios and Golden Matrix is a pivotal level for each firm. We’re very completely satisfied to reside on the Golden Matrix aggregator platform. GMG’s intensive expertise within the trade makes them our most vital associate of their core markets.”

“We’re excited by this chance, and we’re assured that this partnership will strengthen our model and market share by means of the addition of Spearhead Studios’ common superior video games”, Brian Goodman, CEO of Golden Matrix Group stated following the consummation of the deal. “The addition of Spearhead Studios’ video games will improve our on-line gaming portfolio and guarantee continued income development and success.”

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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