Golden Matrix Group Inc. GMGI Archives - Page 2 of 6

ThursdayOct 13, 2022 9:55 am

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Posting Increasing Revenues Quarter after Quarter on Strengths of Its B2B, B2C Platforms

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, currently supports over 645 operators and 6.8 million players in its B2B business and over 229,000 players in its RKings B2C segment. “GMGI’s next generation GM-Ag System – the industry standard – provides access to 10,000+ games while simplifying payment options via seamless integrations with third-party platforms and digital wallets,” a recent article reads. And as the iGaming market continues its rapid pace, Golden Matrix continues to ride the rising wave of industry growth with non-stop consecutive profitable quarters and record-breaking quarterly revenues. “Our…

FridayOct 07, 2022 2:38 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Rolling out Expansion Strategy to Capitalize on ‘Compelling Opportunities’

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, owns an extensive portfolio of proprietary technology that has made it a leader in B2B solutions. This is evidenced by the company’s record-breaking revenues and non-stop profitable quarters. “Backed by its stellar financial track record, GMGI is moving into the B2C social gaming sector. The company recently purchased an 80% stake in U.K.-based RKingsCompetitions Ltd. in December 2021, with the rights to acquire the remaining 20%. RKings is a prize competition business based in Ireland and the United Kingdom that offers paid and free…

MondayOct 03, 2022 9:20 am

Business Booming for Golden Matrix Group Inc. (NASDAQ: GMGI) as Online Gambling Continues Growth in Popularity

Data Bridge Market Research forecasts a 13.7% CAGR for the casino online gambling market to reach $144.74 billion in 2028 Golden Matrix Group is demonstrating growth in both its B2B and B2C businesses, as it prepares to enter the Mexican markets GMGI revenue for the first nine months of fiscal 2022 was $26.46 million, up 237% from a year earlier, while the company notched its 16th consecutive profitable quarter For decades, there was little substantial innovation in the gambling industry and then along came the miracle of the internet and changed everything with the emergence on online gaming. Still, most…

ThursdaySep 29, 2022 9:20 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Rides Growing iGaming Wave with Record-Breaking Revenues, Market Expected to Double by 2027

iGaming market expected to double from $173 billion to over $340 billion by 2027 GMGI recently posted record-breaking Q3 revenue results, 16 non-stop profitable quarters GMGI’s industry-standard GM-Ag System provides access to 10,000+ games, simplifies payment options, leverages data analytics to provide total 360-degree performance visibility The iGaming market continues its rapid pace of growth with expectations it will double from $173 billion to over $340 billion by 2027 (https://ibn.fm/8JO3m). Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms and systems, continues to ride the rising wave of industry growth with non-stop consecutive profitable quarters and…

FridaySep 16, 2022 12:51 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Rides on Horizontal, Vertical Growth to Log Best Revenue Quarter Ever

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has weathered the geopolitical drama and international upheaval that fueled recession concerns amid spiking inflation. None of that stopped the company from having its best revenue quarter ever, spearheaded by horizontal and vertical growth. “The Las Vegas-based company logged record revenues exceeding $9 million in the quarter, an improvement of approximately 177% from $3.25 million in the comparable quarter of fiscal 2021,” a recent article reads. “Meaningful progress in both its flagship business-to-business (‘B2B’) and new business-to-consumer (‘B2C’) divisions undergirded the jump in revenue.…

ThursdaySep 08, 2022 10:58 am

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Achieves Record Revenues, 16th Consecutive Quarter of Profitability

Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, today announced financial results for its third fiscal quarter ended July 31, 2022. Among the highlights, the company reported revenues of $9,101,541*, an increase of 180% as compared to the year-ago quarter. The company also noted that it has achieved 16 consecutive quarters of profitability. “Our ability to generate increasing revenues with quarter-after-quarter of profitability attests to the strengths of our B2B and B2C platforms,” said Golden Matrix CEO Anthony Brian Goodman. “Because of the highly competitive nature of our industry, we are continually…

FridaySep 02, 2022 9:15 am

B2B iGaming Leader Golden Matrix Group Inc. (NASDAQ: GMGI) To Enter B2C Market with Recent Permit Approval

GMGI acquired 80% stake in RKings social gaming platform that earned $32 million in revenue and $2.6 million in net income during fiscal 2021 Permit application for Mexico approved others to follow as more governments legalize online gambling Online gambling revenues expected to reach $153.6 billion by 2030 at CAGR of 11.7 percent from 2022 to 2030 Golden Matrix Group (NASDAQ: GMGI), an iGaming leader based in Las Vegas, develops, and owns online gaming IP, turnkey online casino solutions, and configurable, scalable white-label gaming platforms for international gaming operators. The company’s extensive portfolio of proprietary technology has made it a…

WednesdayAug 31, 2022 9:15 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Set to Capitalize on US Online Gaming Boom

Commercial gaming revenues in the United States reached a record $14.81bn in 2Q22 Online gaming operations grew at an even faster pace, rising by 34.3% YoY to all-time high of $1.21 billion Recent studies have found that the online gaming market space within the United States could triple in size over the next five years, growing to $24.3 billion by 2026 Golden Matrix Group, which recently won its Mexican gaming permit, looks well positioned to capitalize on the growth of the US online gaming sector through its B2B white-labelling operations Commercial gaming revenue in the United States reached a record…

FridayAug 26, 2022 9:00 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Scores Big Q3 Win on International Expansion

GMGI sets new bar for quarterly revenue, topping $9 million for first time The company currently has a string of 15 consecutive profitable quarters Golden Matrix is growing through international M&A activity and launching gaming products, including a new highly anticipated eSports platform Tech stocks have rallied since the tech-laden Nasdaq hit a nearly two-year low in June. Most of the first half of the year was dominated by geopolitical drama, and international upheaval fueling recession concerns amid spiking inflation. None of that stopped Golden Matrix Group (NASDAQ: GMGI) from having its best revenue quarter ever, spearheaded by horizontal and…

WednesdayAug 24, 2022 1:15 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Providing Industry Leading, Turnkey B2B iGaming, Esports Solutions

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, continues to leverage technological advances and incorporate them into its turnkey B2B solutions for online gambling operators. “Recent technological advances have made online gambling easier, more convenient and more enjoyable for some users when compared to a physical casino experience… GMGI appears to be on trend with the movement of users online and away from physical gambling, which has not recovered from COVID-19 business restrictions,” a recent article reads. “Golden Matrix leads the industry in providing turnkey B2B iGaming and Esports solutions for operators…

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