Golden Matrix Group Introduces Version 2.0 of Its AI-Powered Casino Game Recommender
Golden Matrix Group (NASDAQ: GMGI) has unveiled Version 2.0 of its AI-powered casino game recommender, developed by its subsidiary Meridianbet. This upgraded system targets the iGaming segment with enhanced personalization and tracking capabilities. The new version processes an expanded dataset, including player behaviors and demographics, to deliver more precise game recommendations.
Initial data shows significant increases in user interaction and retention, with personalized recommendations driving higher player value and extended playtime. V2 is now fully operational on core Meridianbet websites featuring casino games, with plans to extend functionality to mobile apps. This upgrade is a key component of Golden Matrix Group's strategy to leverage AI and data analytics within the iGaming sector, aiming to strengthen its market position and drive sustainable growth.
Golden Matrix Group (NASDAQ: GMGI) ha presentato la versione 2.0 del suo sistema di raccomandazione di giochi da casinò alimentato dall'AI, sviluppato dalla sua filiale Meridianbet. Questo sistema aggiornato si rivolge al segmento iGaming con capacità di personalizzazione e tracciamento migliorate. La nuova versione elabora un dataset ampliato, che include comportamenti e demografia dei giocatori, per fornire raccomandazioni di gioco più precise.
I dati iniziali mostrano aumenti significativi nell'interazione e nella retention degli utenti, con raccomandazioni personalizzate che generano un maggiore valore per il giocatore e un tempo di gioco prolungato. La versione 2 è ora completamente operativa sui principali siti web di Meridianbet che offrono giochi da casinò, con piani per estendere le funzionalità alle app mobili. Questo aggiornamento è una componente chiave della strategia di Golden Matrix Group per Sfruttare l'AI e l'analisi dei dati nel settore iGaming, con l'obiettivo di rafforzare la propria posizione di mercato e favorire una crescita sostenibile.
Golden Matrix Group (NASDAQ: GMGI) ha presentado la versión 2.0 de su recomendador de juegos de casino impulsado por IA, desarrollado por su subsidiaria Meridianbet. Este sistema mejorado está diseñado para el segmento de iGaming con capacidades de personalización y seguimiento mejoradas. La nueva versión procesa un conjunto de datos ampliado, que incluye comportamientos y demografía de los jugadores, para ofrecer recomendaciones de juegos más precisas.
Los datos iniciales muestran Aumentos significativos en la interacción y retención de usuarios, con recomendaciones personalizadas que impulsan un mayor valor para el jugador y un tiempo de juego extendido. La V2 ya está completamente operativa en los sitios web principales de Meridianbet que presentan juegos de casino, con planes de extender la funcionalidad a las aplicaciones móviles. Esta actualización es un componente clave de la estrategia de Golden Matrix Group para aprovechar la IA y el análisis de datos en el sector de iGaming, con el objetivo de fortalecer su posición en el mercado y promover un crecimiento sostenible.
골든 매트릭스 그룹 (NASDAQ: GMGI)은 자회사인 메리디안벳이 개발한 AI 기반 카지노 게임 추천 시스템의 2.0 버전을 공개했습니다. 이 업그레이드된 시스템은 향상된 개인화와 트래킹 기능을 갖추고 iGaming 세그먼트를 목표로 합니다. 새로운 버전은 플레이어 행동과 인구 통계를 포함하는 확장된 데이터셋을 처리하여 보다 정확한 게임 추천을 제공합니다.
초기 데이터는 사용자 상호작용 및 유지율의 상당한 증가를 보여주며, 개인화된 추천이 플레이어 가치를 높이고 플레이 시간을 연장하고 있는 것으로 나타났습니다. V2는 현재 카지노 게임을 특징으로 하는 메리디안벳의 주요 웹사이트에서 완전 가동 중이며, 모바일 앱으로 기능을 확장할 계획입니다. 이 업그레이드는 골든 매트릭스 그룹이 iGaming 부문에서 AI 및 데이터 분석을 활용하여 시장 입지를 강화하고 지속 가능한 성장을 촉진하는 전략의 핵심 요소입니다.
Golden Matrix Group (NASDAQ: GMGI) a dévoilé la version 2.0 de son système de recommandation de jeux de casino alimenté par l'IA, développé par sa filiale Meridianbet. Ce système amélioré cible le segment iGaming avec des capacités de personnalisation et de suivi renforcées. La nouvelle version traite un ensemble de données élargi, incluant les comportements et la démographie des joueurs, pour fournir des recommandations de jeux plus précises.
Les données initiales montrent des augmentations significatives de l'interaction et de la fidélisation des utilisateurs, avec des recommandations personnalisées générant une valeur joueur accrue et un temps de jeu prolongé. La version 2 est désormais pleinement opérationnelle sur les principaux sites web de Meridianbet proposant des jeux de casino, avec des projets d'extension de la fonctionnalité aux applications mobiles. Cette mise à niveau est un élément clé de la stratégie de Golden Matrix Group pour exploiter l'IA et l'analyse de données dans le secteur de l'iGaming, visant à renforcer sa position sur le marché et à favoriser une croissance durable.
Golden Matrix Group (NASDAQ: GMGI) hat die Version 2.0 seines KI-gestützten Casino-Spielempfehlungssystems vorgestellt, das von seiner Tochtergesellschaft Meridianbet entwickelt wurde. Dieses verbesserte System richtet sich an den iGaming-Sektor und bietet erweiterte Personalisierungs- und Tracking-Funktionen. Die neue Version verarbeitet einen erweiterten Datensatz, der Spielerverhalten und Demografie umfasst, um genauere Spielempfehlungen zu liefern.
Erste Daten zeigen signifikante Steigerungen der Benutzerinteraktion und -bindung, wobei personalisierte Empfehlungen zu einem höheren Spielerwert und verlängerten Spielzeiten führen. V2 ist nun voll funktionsfähig auf den Hauptwebseiten von Meridianbet mit Casino-Spielen und plant, die Funktionalität auf mobile Apps auszuweiten. Dieses Upgrade ist ein wichtiger Bestandteil der Strategie von Golden Matrix Group, um KI und Datenanalyse zu nutzen und sich im iGaming-Sektor zu stärken und nachhaltiges Wachstum zu fördern.
- Launch of Version 2.0 AI-powered casino game recommender with enhanced personalization
- Initial data shows significant increases in user interaction and retention
- Expanded availability across all Meridianbet platforms, including websites and planned mobile apps
- Strategic growth in the iGaming segment leveraging AI and data analytics
- None.
Insights
The release of Version 2.0 of Golden Matrix Group's AI-powered casino game recommender marks a significant advancement in personalization technology for the iGaming industry. By leveraging an expanded dataset that includes player behaviors and demographics, the system can now offer more precise and tailored game recommendations. This level of personalization is important in the highly competitive online casino market, where user engagement directly correlates with revenue.
From a technical standpoint, the ability to process and analyze complex user data in real-time demonstrates sophisticated AI capabilities. The cross-platform availability, including mobile apps, indicates a robust and scalable architecture. This technological leap could potentially set a new industry standard for user experience in online gaming platforms, giving Golden Matrix a competitive edge in user retention and monetization strategies.
The introduction of Version 2.0 of the AI-powered recommender system represents a strategic move by Golden Matrix Group to capitalize on the growing trend of personalization in the iGaming sector. With the global online gambling market projected to reach
Initial data showing significant increases in user interaction and retention is particularly noteworthy. In an industry where customer acquisition costs are high, tools that extend playtime and increase player value can substantially impact profitability. The expansion to mobile platforms is also timely, given that mobile gambling is the fastest-growing segment in online gaming. This multi-platform approach positions Golden Matrix well to capture a larger portion of the market and potentially increase its revenue streams.
LAS VEGAS, NV, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group (NASDAQ: GMGI) today announced the launch of Version 2.0 of its AI-powered casino game recommender, developed by its subsidiary, Meridianbet.
This update specifically targets the iGaming segment, enhancing personalization and tracking capabilities to improve user engagement, retention, and revenue performance.
Precision Personalization for Improved User Targeting
The V2 recommender now processes an expanded dataset, including player behaviors and demographics, delivering more precise game recommendations that resonate with individual preferences, offering advanced AI-driven insights:
Proven Impact on Key Revenue Metrics
Initial data shows significant increases in user interaction and retention, with personalized recommendations driving higher player value and extended playtime.
Expanded Availability Across All Platforms
V2 is now fully operational on core Meridianbet websites featuring casino games, with plans to extend functionality to mobile apps. This broad rollout is expected to further enhance user engagement and platform profitability.
Strategic Growth in the iGaming Segment
The V2 upgrade is a key component of Golden Matrix Group’s strategy to leverage AI and data analytics within the iGaming sector, under its Meridianbet division. This enhancement strengthens the company’s position in key markets and supports ongoing efforts to drive sustainable growth.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, NV, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across multiple international markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets.
About Meridianbet
Founded in 2001 and acquired by Golden Matrix in April 2024, Meridianbet Group is a well-established online sports betting and gaming group, licensed and/or currently operating in 17 jurisdictions across Europe, Africa, and South America. Meridianbet’s successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omni-channel approach to markets, including retail, desktop online, and mobile.
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ICR:
Brett Milotte
Brett.Milotte@icrinc.com
Greg Michaels
Gregory.Michaels@icrinc.com
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements.
Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the ability of the Company to obtain the funding required to pay certain Meridianbet Group acquisition post-closing obligations, the terms of such funding, potential dilution caused thereby and/or covenants agreed to in connection therewith; potential lawsuits regarding the acquisition; dilution caused by the terms of the Note and Warrant, the Company’s ability to pay amounts due under the Note and covenants associated therewith and penalties which could be due under the Note and securities purchase agreement for failure to comply with the terms thereof; the business, economic and political conditions in the markets in which the Company operates; the effect on the Company and its operations of the ongoing Ukraine/Russia conflict and the conflict in Israel, changing interest rates and inflation, and risks of recessions; the need for additional financing, the terms of such financing and the availability of such financing; the ability of the Company and/or its subsidiaries to obtain additional gaming licenses; the ability of the Company to manage growth; the Company’s ability to complete acquisitions and the availability of funding for such acquisitions; disruptions caused by acquisitions; dilution caused by fund raising, the conversion of outstanding preferred stock, convertible securities and/or acquisitions; the Company’s ability to maintain the listing of its common stock on the Nasdaq Capital Market; the Company’s expectations for future growth, revenues, and profitability; the Company’s expectations regarding future plans and timing thereof; the Company’s reliance on its management; the fact that the sellers of the Meridianbet Group hold voting control over the Company; related party relationships; the potential effect of economic downturns, recessions, increases in interest rates and inflation, and market conditions, decreases in discretionary spending and therefore demand for our products and services, and increases in the cost of capital, related thereto, among other affects thereof, on the Company’s operations and prospects; the Company’s ability to protect proprietary information; the ability of the Company to compete in its market; the effect of current and future regulation, the Company’s ability to comply with regulations and potential penalties in the event it fails to comply with such regulations and changes in the enforcement and interpretation of existing laws and regulations and the adoption of new laws and regulations that may unfavorably impact our business; the risks associated with gaming fraud, user cheating and cyber-attacks; risks associated with systems failures and failures of technology and infrastructure on which the Company’s programs rely; foreign exchange and currency risks; the outcome of contingencies, including legal proceedings in the normal course of business; the ability to compete against existing and new competitors; the ability to manage expenses associated with sales and marketing and necessary general and administrative and technology investments; and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company’s products, including potential recessions and global economic slowdowns. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this press release are reasonable, we provide no assurance that these plans, intentions or expectations will be achieved.
Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company’s publicly-filed reports, including, but not limited to, under the “Special Note Regarding Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, including, but not limited to, the Company’s Annual Report on Form 10-K for the year ended October 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended January 31, 2024, and future periodic reports on Form 10-K and Form 10‑Q. These reports are available at www.sec.gov.
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