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

ThursdayMay 19, 2022 10:30 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Seeks to Cement Position as Online Gaming Industry’s Aggregator of Choice

Golden Matrix Group have emerged as one of the online gaming industry’s most extensive gaming portfolio providers The company provides gaming platforms with access to over 10,000 games drawn from upwards of 25 gaming studios Golden Matrix have sought to further cement their position within the gaming industry through the recent launch of their next generation B2B GMX-Ag system Simultaneously, the company has looked to bolster its gaming portfolio, most recently through a tie-up with Spearhead Studios, which will see the later companies over 90 proprietary video games added to GMGI’s extensive product offering According to games directory SlotCatalog, there…

TuesdayMay 17, 2022 2:33 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Launches Upgraded RKings Tournament Platform

Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, has launched an upgraded Tournament platform. The robust new version of the platform includes added features and functionality specifically for Rkings’ players in Ireland and the United Kingdom. GMGI anticipates that the new platform will lead to an increase in the monthly number of skill tournaments as well as the number of participants, which should generate stronger revenue and profit from the RKings’ space. In addition, the company noted that the platform can be introduced into other regulated markets because of its scalability. GMGI…

TuesdayMay 17, 2022 11:15 am

Inflation Not Dampening Online Gaming as Golden Matrix Group Inc. (NASDAQ: GMGI) Accelerates Expansion

DraftKings sees no inflationary impact on player demand in first quarter report While major B2C online gaming companies struggle with exorbitant costs, Golden Matrix’s B2C model has resulted in 14 consecutive profitable quarters Golden Matrix acquired 80% of B2C prize competition company RKings Competitions Ltd, an immediately accretive move that facilitates expansion into new markets While it would seem logical that periods of rising inflation would cause a slowdown within the gambling industry as consumers tighten their purse strings, history says otherwise. Growth remains mostly unabated because the benefits of wider legalization have outweighed economic impacts, particularly in recent years…

FridayMay 13, 2022 11:00 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Leading to Way to Better Player Retention, Profits

GMGI white labels turnkey online casino, sportsbook, and live gaming content solutions complete with a single wallet for players for both desktop and mobile applications Y-o-Y revenue soared 355% to $8.88 million in Q1 fiscal 2022 with 500+ different casino brands and over 6 million players supporting GMGI’s 14th straight profitable quarter Golden Matrix recently acquired R Kings Competition, a leading competitions platform that generated more than $29 million in revenue and net income above $2.4 million in the recent year With online wagering becoming increasingly popular – and legalized in 18 U.S. states so far since PAPSA was overturned…

TuesdayMay 10, 2022 9:00 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Records 14th Profitable Quarter on the Trot

Golden Matrix Group is a gaming technology and e-sports company, operating its own gaming IP alongside providing white-label gaming platforms for third-parties Golden Matrix reports Revenues of $8,877,105 & net income of $349,379 in the quarter ending January 2022, their 14th consecutive quarter of profitability The company have based their profitability on minimizing user acquisition costs and maximising lifetime customer value Golden Matrix, via its successful R Kings B2C Tournament platform, has devised a new method to attract customers through the use of online prize draws, drawing in upwards of 90,000 new users per quarter The onset of the pandemic…

WednesdayMay 04, 2022 2:17 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Partnership with IBN for Corporate Communications Needs

Golden Matrix Group (NASDAQ: GMGI), an established gaming technology company that develops and owns online gaming IP and builds turnkey online casino solutions for gaming operators, has selected InvestorBrandNetwork (“IBN”) for its corporate communications needs. IBN is a multifaceted financial news and publishing company that offers communications expertise and solutions for private and public entities. According to the announcement, GMGI is developing fully operational, turnkey online casino solutions along with configurable and scalable gaming platforms for international customers. The company focuses user acquisition, engagement, retention and monetization. Golden Matrix also offers white-label gaming platforms that compatible with all major operating…

MondayMay 02, 2022 9:30 am

Golden Matrix Group Inc. (NASDAQ: GMGI) Is ‘One to Watch’

Golden Matrix’s common stock began trading on the Nasdaq on March 17, 2022 The company achieved record revenues of $8.88 million in the quarter ended January 31, 2022, marking a year-over-year increase of 355% Golden Matrix reported net income for the quarter ended January 31, 2022, of $349,379, versus $52,158 one year earlier Golden Matrix has delivered exceptional growth over the years, with 14 consecutive profitable and cash flow positive quarters Golden Matrix has a solid balance sheet and intends to make accretive and synergistic acquisitions in the coming months, with all targeted acquisitions to be profitable and cash positive…

WednesdayApr 20, 2022 12:43 pm

QualityStocksNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Strengthens Global Footprint with Launch of Aggregate Gaming System

Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has gone live with GMX-Ag, its proprietary B2B aggregate gaming system. According to the announcement, the system has eight established online casino operators in six countries. The seamless turnkey iGaming system features the best casino, sportsbook and live-gaming content available through a single integration with the operators’ existing business systems; GMX-Ag also provides a single wallet for players. “The adoption of the GMX-Ag system is both strategic and timely,” said Golden Matrix CEO Brian Goodman in the press release. “It expands our B2B…

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