- 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 profitability
Online gambling continues to grow globally and is expected to reach $81.08 billion in 2022 at a compound annual growth rate (“CAGR”) of 10.4% (https://ibn.fm/CqiDg). Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, leads the industry with its AI-powered GM-X systems that offer a distinct competitive advantage – and profit potential – to its growing B2B client base.
According to a recent report, online gambling continues its growth trajectory and is expected to reach $115.13 billion by 2026 at a CAGR of 9.2%. Analysts credit the end of COVID-19 restrictions, resumed business operations, and adaptation to a “new normal” as primary factors driving expansion. In addition, technological innovations such as blockchain, Internet of Things (“IoT”), Virtual Reality (“VR”), and Artificial Intelligence (“AI”) are driving industry growth, attracting more users, and boosting profits for gaming providers.
Golden Matrix’s iGaming solutions provide a significant technological and marketing advantage to B2B partners by collecting customer data, including playing style, time spent in the casino, and gaming preferences. According to GMGI CEO Brian Goodman, these tools boost partner profitability, enhance the user’s gaming experience, and increase customer retention.
“All of these items or pieces of marketing that we provide in our system are critical to survival,” Goodman revealed in a recent interview (https://ibn.fm/hrxV4).
GMGI’s highly modular, configurable, turnkey, and white label gaming platforms are compatible with all major browsers, operating systems, and devices. The company offers three GM-X solutions, including GM-X Turnkey, GM-X White Label, and GM-X Direct Integration. GM-X Turnkey enables partners to operate and maintain an online gaming website with a complete software package that includes thousands of games from leading content providers. Operators starting an online gaming platform from scratch can opt for the company’s GM-X White Label solution that includes licensing, accounting, management, support, and gaming content. Clients requiring an integration layer choose the company’s GM-X Direct Integration solution to access GMGI’s gaming portfolio on top of the GM-X aggregation system.
Golden Matrix continues to grow despite inflation and fears of an upcoming economic downturn. The company recently posted Q2-2022 results that included a 221% increase in revenue over the comparable year-ago quarter amid 15 consecutive quarters of profitability (https://ibn.fm/wDkXU).
“We are pleased with the financial results of our second quarter as a company with both B2B and B2C verticals,” said Goodman. “We enter the remainder of this fiscal year with two robust operating divisions and a strong balance sheet. As stated previously, we continue to evaluate new opportunities in both the B2B and B2C spaces that will further accelerate GMGI’s overall revenue growth and – in accordance with our acquisition strategy – are always accretive to earnings.”
Golden Matrix Group is the leading provider of turnkey and white label gaming platforms, Esports technology, and gaming content. The company pioneers highly modular, configurable, and scalable AI-powered gaming platforms that work on all major operating systems and devices, offering partners a distinct competitive advantage in the 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
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.