Golden Matrix Group Inc. (NASDAQ: GMGI) Capitalizing on Surging Demand in Online Gaming

Rhea-AI Summary

Golden Matrix Group (NASDAQ: GMGI) announced a new broadcast, “Online Gaming — A Sure Bet.” The global online gambling market was valued at $72.3 billion in 2021 and is projected to reach $131.4 billion by 2027, growing at a CAGR of 9.96%. GMGI is leveraging this growth with innovative gaming IP that enhances customer acquisition, retention, and monetization for operators. The company has reported 14 consecutive quarters of increased profitability, indicating strong operational performance. For more details, visit GoldenMatrix.com.

Positive

• The global online gambling market is projected to reach $131.4 billion by 2027, indicating significant growth potential.
• GMGI has consistently reported record revenues and earnings, with 14 consecutive quarters of increased profitability.
• GMGI's gaming IP provides operators with essential tools for customer acquisition, retention, and monetization.

Negative

• None.

NEW YORK, May 12, 2022 (GLOBE NEWSWIRE) -- NetworkNewsAudio – Golden Matrix Group Inc. (NASDAQ: GMGI) announces the availability of a broadcast titled, “Online Gaming — A Sure Bet.”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://www.nnw.fm/d41xY

Brick-and-mortar casinos amp up excitement with bars, restaurants and live music, and if playing online, excitement accelerates with a shower of loyalty points. Winning might not be guaranteed, but the entertainment and excitement entice clients to come back. Now the excitement has reached a fever pitch. According to IMARC Group, the global online gambling market reached $72.3 billion in 2021 with projections to reach $131.4 billion by 2027, with a CAGR of 9.96% during 2022–2027. . . .

The online gambling boom has become a bonanza for Las Vegas-based Golden Matrix Group Inc. (NASDAQ: GMGI). The company is capitalizing on every aspect of the surging demand in online gaming and delivering exactly the products and services the sector wants — and needs. . . . GMGI’s cutting-edge gaming IP includes all the sought-after tools operators need for customer acquisition, retention, marketing, and monetization of users. This is the stuff operators covet to reduce acquisition costs and increase customer value. Little wonder that quarter over quarter, GMGI has consistently posted record revenues and earnings, showing an impressive 14 consecutive quarters of increased profitability. 

About Golden Matrix Group Inc.

Golden Matrix Group, based in Las Vegas, Nevada, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label B2B gaming platforms for its international customers, located primarily in the Asia-Pacific region. The company’s gaming IP includes tools for marketing, acquisition, retention and monetization of users. GMGI’s platform can be accessed through both desktop and mobile applications. As a result of its 80% controlling ownership interest in UK-based RKings Competitions Ltd., Golden Matrix also generates revenues from RKings’ scalable B2C tournament platform.

For more information about the company, visit 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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FAQ

What recent broadcast did Golden Matrix Group announce?

Golden Matrix Group announced a broadcast titled 'Online Gaming — A Sure Bet.'

What is the projected market size of online gambling according to GMGI's announcement?

The online gambling market is projected to reach $131.4 billion by 2027.

How many consecutive quarters of profitability has GMGI reported?

Golden Matrix Group has reported 14 consecutive quarters of increased profitability.

What tools does GMGI's gaming IP provide to operators?

GMGI's gaming IP includes tools for customer acquisition, retention, marketing, and monetization.