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Golden Matrix - GMGI STOCK NEWS

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Overview of Golden Matrix Group Inc.

Golden Matrix Group Inc. (NASDAQ: GMGI) is a seasoned gaming technology company renowned for developing and licensing online gaming IP and configurable, scalable white-label social gaming platforms. With strong roots in the Asia Pacific region and operational footprints in international markets including the UK and Latin America, the company has established itself as a significant player in both the B2B and B2C sectors. Key industry keywords such as "online gaming platforms", "gaming technology", and "iGaming innovation" are integral to its identity.

Core Business and Operations

Golden Matrix Group Inc. operates two primary segments: its B2B division focuses on creating proprietary gaming platforms that are tailored to meet the needs of an extensive client base, while its B2C division, which includes the regulated online sports betting and iGaming operations under the Meridianbet brand, drives a majority of the revenue. The company leverages a unique combination of sophisticated software, AI-enhanced tools, and scalable systems to deliver a versatile product range—from online gaming content to integrated sports betting solutions. Whether accessed through desktop or mobile applications, its platforms are designed with comprehensive tools that tackle marketing, user acquisition, retention, and monetization.

Technological Innovation and Product Offerings

The company’s expertise is rooted in its advanced, proprietary technology that powers multiple gaming experiences. With products that include configurable social gaming platforms and AI-powered decision tools such as the Bet Recommender, Golden Matrix provides its clients with cutting-edge solutions that enhance user engagement. The implementation of high-tech systems such as the Atlas platform underscores its commitment to continuous technological innovation and operational excellence.

Market Presence and Competitive Landscape

Golden Matrix Group is strategically positioned in a competitive global market. It operates in regulated jurisdictions across Asia Pacific, the UK, Latin America, and other international markets. Regardless of the regulatory environment, the company maintains robust compliance measures and operational discipline. Its diverse product portfolio, which spans online sports betting, gaming competitions, and eCommerce platforms for competitions, distinguishes it from competitors by offering a multifaceted approach to engaging both end users and business partners.

Regulatory Compliance and Security Standards

Operating in multiple jurisdictions demands strict adherence to local laws and regulations. Golden Matrix Group ensures that all its platforms and gaming content meet rigorous industry standards and regulatory compliance. Its systems are designed to automatically manage adherence to legal requirements, such as automatic declines for gaming requests from prohibited jurisdictions, thereby reinforcing the company’s commitment to responsible gaming practices.

Operational Excellence and Industry Recognition

Golden Matrix Group has built a reputation not only for its technological prowess but also for its operational discipline. By continuously upgrading its platforms and integrating strategic acquisitions—such as the full integration of Meridianbet—the company underscores its dedication to delivering high-quality gaming experiences. The balanced approach to both B2B and B2C operations further solidifies its position in an industry that thrives on constant innovation and adherence to quality standards.

Conclusion

This comprehensive overview demonstrates that Golden Matrix Group Inc. stands as a sophisticated, technology-driven enterprise within the gaming industry. It combines robust B2B solutions with consumer-facing platforms that cater to a diverse and expanding global market. The company’s integrated model, reliance on proprietary technology, and unwavering commitment to regulatory compliance ensure that it remains a well-recognized participant in the evolving landscape of online gaming and iGaming services.

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Golden Matrix Group Inc. (GMGI) announces stockholder approval for the acquisition of MeridianBet Group. The acquisition aims to expand operations and global footprint. The completion is subject to funding and closing conditions, expected in April 2024.
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Golden Matrix Group Inc. (GMGI) reported record quarterly revenues of $11.84 million, a 10% increase from the previous year. The company achieved a net income of $74,505 compared to a loss of $(443,521) in the same quarter last year. Adjusted EBITDA for Q1 '24 was $1.19 million. Golden Matrix Group Inc. has cash-on-hand of $17.29 million, current assets of $24.19 million, and total assets of $37.1 million as of January 31, 2024. The company's shareholders' equity increased to $32.15 million. The B2B gaming platforms have 808 unique casino operations, and the B2C segment has over 338,000 registered users on its tournament platform. The company is set to acquire MeridianBet Group, with a Special Meeting of Shareholders scheduled for approval on March 19, 2024.
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Golden Matrix Group Inc. (GMGI) CEO Brian Goodman will participate in an exclusive Q&A session hosted by JRC Stock Talk to discuss key topics such as the company's growth trajectory, RKings Competitions, MEXPLAY, GM-X Platform Debut, and the pending MeridianBet Acquisition.
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Golden Matrix Group Inc. (GMGI) will hold a Special Meeting of Shareholders on March 19, 2024, to vote on the proposed acquisition of the MeridianBet Group. The meeting will be held virtually, and eligible shareholders will receive a control number to join the meeting. Shareholders are encouraged to vote and submit proxies early.
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Golden Matrix Group Inc. (GMGI) reported record revenues of $44.2 million for fiscal year 2023, marking a 23% increase from the previous year. The company also disclosed a net loss of $1.17 million, with adjusted EBITDA of $2.4 million. GMGI's cash and cash equivalents stood at $17.1 million, while total assets were $35.6 million. The current liabilities were $4.48 million, with no long-term liabilities. The company's shareholders' equity increased to $31.1 million in 2023. GMGI's B2B and B2C segments contributed $15.63 million and $28.54 million, respectively, to the revenue. The acquisition of the MeridianBet Group is expected to close in the first quarter of 2024, with revenue contributions from B2B and B2C segments. The net loss was attributed to various expenses, including stock-based compensation, income tax, and operation costs. CEO Brian Goodman highlighted the company's revenue growth, strengthening of B2C online casino operation in Mexico, and the ongoing resilience and competitiveness of the company's portfolio and IP. The acquisition of the MeridianBet Group is anticipated to enhance GMGI's global footprint, increase revenues, and profitability, with potential product offerings in multiple regions worldwide.
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Golden Matrix Group Inc. (GMGI) achieved record revenues of over $44 million for the fiscal year ended October 31, 2023, marking a 22% improvement from the previous fiscal year. The company also reported record revenues of $11.7 million in the fourth fiscal quarter. GMGI CEO, Brian Goodman, highlighted the consistent progress made, strong core B2B platform, and accelerated growth in the B2C segment. The company also generated positive cash flow, with a 14% increase in cash-on-hand compared to the previous fiscal year. Furthermore, GMGI has filed a preliminary proxy statement related to the planned acquisition of the MeridianBet Group, aiming to be a competitive participant in gaming markets worldwide.
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Golden Matrix Group provides corporate update on its pending acquisition of MeridianBet Group, allowing for the use of up to $20 million of cash-on-hand to pay a portion of the $30 million cash payable at closing. Combined company projected to have approximately $132 million in revenues and $27 million in Adjusted EBITDA for fiscal year 2023. Acquisition expected to drive long-term value and benefit from economies of scale.
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Golden Matrix Group Inc. reports Q3 revenues of $11.3 million, a 24% increase YoY. Q3 net loss of $(965,628), impacted by legal expenses and start-up costs for Mexplay. Cash flow from operations remains positive for the 7th consecutive quarter. CEO optimistic about pending acquisition of MeridianBet Group.
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Golden Matrix Group Inc. (NASDAQ:GMGI) Achieves Record Third Quarter Revenues Exceeding $11 Million, with Significant Contributions from RKings Tournament Competitions
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FAQ

What is the current stock price of Golden Matrix (GMGI)?

The current stock price of Golden Matrix (GMGI) is $2.14 as of April 23, 2025.

What is the market cap of Golden Matrix (GMGI)?

The market cap of Golden Matrix (GMGI) is approximately 251.0M.

What is the core business of Golden Matrix Group Inc.?

Golden Matrix Group Inc. develops and licenses online gaming IP and white-label social gaming platforms while operating in both B2B and B2C segments.

What technologies does Golden Matrix Group utilize?

The company leverages proprietary technology, scalable systems, and AI-powered tools to enhance user engagement and deliver innovative gaming solutions.

How does Golden Matrix Group operate its business segments?

It operates through two main segments: a B2B division that provides customizable gaming platforms for clients, and a B2C division, including the Meridianbet brand, which drives regulated online sports betting and gaming experiences.

In which markets does Golden Matrix Group have a presence?

The company has a significant presence in the Asia Pacific region and operates across various international markets including the UK, Latin America, and other regulated jurisdictions.

How does the company ensure regulatory compliance?

Golden Matrix Group adheres to strict regulatory standards by integrating compliance measures directly into its platforms, ensuring automatic adherence to local restrictions and best practices.

What sets Golden Matrix Group apart from competitors?

The company distinguishes itself through its unique dual-segment approach, advanced proprietary technology, and the seamless integration of innovative AI tools that enhance both B2B and B2C gaming experiences.
Golden Matrix

Nasdaq:GMGI

GMGI Rankings

GMGI Stock Data

250.97M
14.24M
86.2%
2.63%
1.25%
Electronic Gaming & Multimedia
Services-prepackaged Software
Link
United States
LAS VEGAS