Welcome to our dedicated page for Golden Matrix news (Ticker: GMGI), a resource for investors and traders seeking the latest updates and insights on Golden Matrix stock.
Golden Matrix Group Inc. (NASDAQ: GMGI) provides investors and industry observers with comprehensive updates on its gaming technology innovations and global market expansion. This centralized resource aggregates official press releases, financial disclosures, and strategic developments from the company’s B2B platform solutions and Meridianbet sports betting operations.
Users will find timely updates on earnings reports, technology partnerships, regulatory compliance milestones, and international market entries. The curated content supports informed analysis of GMGI’s position in competitive iGaming markets while maintaining strict adherence to factual reporting standards.
Key focus areas include platform enhancements, AI-driven gaming tools, and expansion into regulated jurisdictions. All content undergoes verification to ensure alignment with financial disclosure regulations and industry best practices.
Bookmark this page for streamlined access to Golden Matrix Group’s latest corporate communications and market-moving developments in the evolving gaming technology sector.
Argus Research has released an updated equity research report on Golden Matrix Group Inc. (NASDAQ: GMGI), maintaining its revenue forecast of $200 million for 2025. The research firm reaffirmed its fair value estimate for GMGI shares, suggesting significant upside potential from current trading levels. The forecast is supported by GMGI's expansion into new markets and enhanced performance of its AI-driven platform. The company has also strengthened its financial position through debt reduction and by converting acquisition-related obligations into equity.
Expanse Studios, the B2B game development division of Golden Matrix Group Inc. (NASDAQ: GMGI), has announced significant expansion in the U.S. market through multiple new integrations and a product launch. The company has secured ten active or contracted partnerships in the social casino and sweepstakes segment, demonstrating strong B2B growth through content distribution.
The company has also launched its new flagship game, 'Gates of Olympia', strengthening its proprietary content portfolio. This strategic move is expected to enhance partner retention, improve profit margins, and drive recurring revenue growth. The expansion highlights GMGI's focus on the B2B segment, characterized by high engagement and low customer acquisition costs (CAC).
Meridianbet, a global sports betting and iGaming operator under Golden Matrix Group (NASDAQ: GMGI), has released preliminary ESG achievements for 2024 ahead of their comprehensive report. The company executed 293 CSR campaigns across 25 markets, focusing on healthcare, education, and amateur sports initiatives.
The company strengthened its technological advantage through proprietary platforms and AI-powered innovation, positioning itself among the top 5% of tech ownership in the gaming industry. Following its integration into GMGI's NASDAQ structure, Meridianbet achieved record organic revenue of $159.7M (non-GAAP) while expanding ESG operations across 14 countries.
Expanse Studios, the iGaming division of Golden Matrix Group Inc. (NASDAQ: GMGI), has established a strategic partnership with BetConstruct, a leading global iGaming aggregator and technology provider. The partnership will integrate Expanse Studios' portfolio of over 55 proprietary games into BetConstruct's global B2B aggregation network.
This strategic move builds upon Expanse's existing sweepstakes presence across more than 40 U.S. states while expanding its reach to new operators. The partnership aligns with GMGI's strategic objective to monetize its in-house content, with a focus on improving cost efficiency and enhancing recurring revenue potential.
Meridianbet, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has unveiled 'Watch & Bet', an innovative mobile feature enabling simultaneous full-screen sports streaming and in-play betting functionality. This strategic product launch aims to enhance user engagement and boost core revenue metrics.
The new feature is specifically designed to increase in-play betting volume, extend user session duration, and drive higher revenue per active user, ultimately supporting growth in turnover, user value, and margin. According to the announcement, GMGI reported unaudited FY24 GAAP revenue of $151.1M and organic revenue of $159.7M.
Golden Matrix Group (NASDAQ: GMGI) has received coverage initiation from Argus Research, with analyst Steve Silver setting a fair value of $4.00 per share. The company operates in over 20 global markets, providing gaming software solutions through B2B and B2C models.
Key highlights include the company's Meridianbet subsidiary's recent Brazil license, their proprietary GM-AG (Atlas) platform launched in 2024 featuring AI capabilities and access to over 10,000 games, and a strategic M&A approach of acquiring validated partners. As of December 31, 2024, GMGI maintained a strong financial position with $30.1 million in cash and a net debt to EBITDA ratio of 1.8x, positioning the company for continued expansion.
Expanse Studios, a subsidiary of Golden Matrix Group (NASDAQ: GMGI), has achieved a significant milestone by securing Brazilian iGaming certification from Gaming Laboratories International (GLI) for its proprietary crash game Super Heli.
The certification, issued under GLI Report Number MO-711-MEN-24-03-711, confirms the game's compliance with Brazil's federal iGaming technical standards. This development follows Golden Matrix's recent acquisition of a definitive license for Meridianbet's online and retail betting operations in Brazil.
The Brazilian market shows promising potential, with projections indicating $5.6 billion in gross gaming revenue (GGR) for 2025, according to H2 Gambling Capital data.
Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has announced a strategic partnership with Slotino, a leading Bulgarian online casino operator. The integration, facilitated by Dench eGaming Solutions, marks a significant expansion of Expanse Studios' European presence in the iGaming sector.
This move follows Expanse Studios' successful entry into the U.S. social casino and sweepstakes market, demonstrating the company's commitment to growth in both European and North American regulated markets. The partnership capitalizes on Bulgaria's expanding iGaming market, where there is increasing demand for premium gaming content.
Meridianbet, a subsidiary of Golden Matrix Group (NASDAQ: GMGI), has launched B2B operations in Nigeria's regulated $2 billion betting market. The company secured full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA) through its local entity, Masterlive Network , obtaining License No: LSLGA/OP/OSB/MB041124 for both sports betting and online casino verticals.
This expansion builds upon Meridianbet's 20-year presence in Africa, further strengthening its position in regulated markets. The company's parent, Golden Matrix Group, projects FY 2024 revenue of approximately $150 million, with complete financial results expected soon.
Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has submitted an application for a Class 2 iGaming license to Romania's National Gambling Office (ONJN). The license will enable Expanse Studios to distribute its proprietary gaming content to licensed operators in the regulated Romanian market.
This strategic expansion follows the company's successful growth in the U.S. market, where its content is currently available in more than 40 states through sweepstakes and social casino partnerships. The Romanian iGaming market represents a significant opportunity, with projections indicating it will reach $2.2 billion in 2025.
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