Golden Matrix Group Inc. GMGI Archives - Page 4 of 6

FridayJul 22, 2022 10:00 am

Looking for an Edge? Golden Matrix Group Inc. (NASDAQ: GMGI) to Release Peer-to-Peer Esports Betting Product

GMGI CEO says new P2P Esports offering coming “quite soon” Gaming operators have need for new products to grow market share New product overcomes challenges related to compliance in Esports gambling If you’re paying attention to the sports betting market, you’re seeing companies big and small looking for edges to capture market share from competition in a fierce, albeit huge, marketplace. It’s tough to carve out profits when, in the words of Brian Goodman, CEO of Golden Matrix Group (NASDAQ: GMGI), “everyone [is] fishing in the same pond.” Companies must be differentiated, as is Golden Matrix, a provider of turnkey…

ThursdayJul 21, 2022 2:54 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc.’s (NASDAQ: GMGI) GMX-Ag System Facilitating Brand Expansion, Global Market Penetration

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has been a key beneficiary of a trend that has seen hundreds of gambling platforms opt for white label product offerings from third-party providers. GMGI provides its end customers with access to a substantial portfolio of upwards of 10,000 games. “Golden Matrix Group has looked to cater to growing demand from online gaming platforms, most recently through the launch of its B2B aggregate gaming system, GMX-Ag. The turnkey iGaming system seeks to offer online platforms with an optimal casino, sportsbook and live gaming offering…

FridayJul 15, 2022 1:10 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Maintains String of Profitability in 15 Consecutive Quarters

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, continues to grow every quarter, returning value to shareholders. “While many companies languished through the COVID-19 pandemic, GMGI maintained its string of profitability, which has now been extended to 15 straight quarters. From beginning of this fiscal year, the company began realizing the benefits of the RKings acquisition, which further bolstered the top and bottom lines. Revenue for the quarter ended April 30, 2022, was $8.48 million, up 221% from $2.64 million in the year prior quarter. Net income was $586,984, a gain of…

TuesdayJul 12, 2022 12:00 pm

Emerging iGaming Technology Trends Fuel Golden Matrix Group Inc.’s (NASDAQ: GMGI) B2B Growth Strategy

Enhanced graphics, Gamification, AI-powered loyalty systems and data analytics redefining iGaming experience and generating higher player yields for online operators. GMGI sets industry standard, offers 10,000+ games across 25+ providers Company provides highly configurable, modular, white-label, turnkey gaming platforms compatible with all major operating systems, browsers, devices Company recently reported 221% Q2-2022 growth, 15 consecutive profitable quarters Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, continues its steady growth trajectory by leveraging several emerging technology trends. In particular, the company is leveraging its go-to Loyalty platform that incorporates a Gamification component.…

FridayJul 08, 2022 2:44 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Achieves 221% YoY Quarterly Revenue Growth

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, recently reported financial results for its second fiscal quarter, with quarterly revenues rising by 221% year-over-year to $8,482,743. “Meanwhile, Q2 net income rose to $586,984, a significant increase relative to the $127,986 recorded in the equivalent period a year ago. Golden Matrix Group attributed part of the significant increase in year-over-year revenues to the 28% increase in GMGI’s B2B segment’s top line… Notably, GMGI also recorded a significant boost to its net income margin, with the latter figure expanding from 4.85% in Q2 last…

ThursdayJul 07, 2022 11:15 am

Gambling Market Setting New Records, a Perfect Storm Brewing for Golden Matrix Group Inc. (NASDAQ: GMGI)

The iGaming market is expected to reach $127 billion by 2027 Golden Matrix Group provides turnkey gaming platforms giving iGaming operators access to over 10,000 games, state of the art loyalty and customer retention systems GMGI recently acquired and 80% stake in RKings, helping boost revenue 221% in Q1 to $8.48 million as it ventures into the Mexican markets and ESports industry In 2021, the U.S. commercial gaming industry generated revenue of $53 billion, smashing the previous record set in 2019 at $43.65 billion. With new markets coming online, more records are almost certainly in the cards as evidenced by…

TuesdayJul 05, 2022 10:30 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Sees Robust Growth Within Their White-Labelled B2B Offering

The online gaming sector got its start in 1994, through the launch of Microgaming The sector has seen hundreds of online gaming platforms come online in the ensuing decades, with the vast majority opting to white-label their gaming offering from third-party providers Golden Matrix Group has sought to cater to this demand through its GMX-Ag platform, providing its customers with access to a portfolio of over 10,000 games GMGI’s focus on their white-label business was reflected in the 28% top-line growth seen within their B2B segment in their most recent fiscal quarter In 1994, a little-known company by the name…

FridayJul 01, 2022 1:12 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Leveraging AI-Powered Systems to Maximize Value for B2B Base

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, leverages the power of artificial intelligence (“AI”) to maximize profits for its growing business-to-business (“B2B”) customer base. “The company offers highly modular, configurable, turnkey, and white-label gaming platforms that are compatible with all major browsers, operating systems and devices. With a focus on maximizing value for partner companies, GMGI integrates AI-powered tools into their systems that facilitate user acquisition, engagement, retention, and monetization… Golden Matrix offers AI-powered solutions that provide a substantial competitive advantage to their partners, enabling them to boost revenues and increase…

ThursdayJun 30, 2022 9:00 am

No Debt and a Lot of Money Sets Golden Matrix Group Inc. (NASDAQ: GMGI) Apart as It Sets Sights on ESports Too

GMGI a standout differentiated in Benzinga’s Listmakers Series: ESports Golden Matrix will be launching a new P2P ESports betting platform GMGI is eyeing new accretive acquisitions to extend its string of nearly 4 years of consecutive profitable quarters Companies are usually willing to open their bank accounts for naming rights. For instance, FedEx is paying $7.5 million per year to have their name on the home field of the Washington Commanders. New tech brands are changing the game. In November 2021, Crypto.com agreed to pay $700 million to see the iconic Staples Center re-branded as Crypto.com Center for the next…

MondayJun 27, 2022 11:15 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Grows Quarterly Net Income by Over 359% Yoy, Sees Margins Widen by Nearly 43%

Golden Matrix Group recently reported its 15th consecutive quarter of profitability GMGI’s second quarter revenues rose 221% YoY with net income expanding by upwards of 359% YoY GMGI attributed the rise in revenues to the added contribution from UK-based competition company, RKingsCompetitions Ltd, which Golden Matrix acquired in November 2021 Management expressed their continued optimism on GMGI’s future prospects, with the company’s B2B and B2C verticals both showing robust growth Fifteen consecutive quarters of profitability is a remarkable feat; even Amazon, the world's largest e-commerce operator, reported a net loss over the past three months. Moreover, Golden Matrix Group (NASDAQ:…

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