GMGI's Expanse Doubles U.S. Sweepstakes Game Lineup

Rhea-AI Summary

Golden Matrix Group's (NASDAQ: GMGI) in-house development division, Expanse Studios, has significantly expanded its presence in the U.S. sweepstakes casino market. Since its market entry in late 2024, the company has doubled its game portfolio in just a few weeks. The expansion demonstrates notable growth metrics, including a 7x increase in player engagement in 2024 compared to 2023. This rapid expansion through in-house production is strengthening GMGI's B2B network while reducing dependency on third-party suppliers, resulting in lower operational costs.

Positive

• Doubled game portfolio within weeks of U.S. market entry
• 7x year-over-year increase in player engagement (2024 vs 2023)
• Reduced operational costs through decreased third-party supplier dependency
• Expanded B2B network through in-house production

Negative

• None.

Insights

Gaming Industry Analyst

The expansion of Expanse Studios' game portfolio represents a strategic acceleration in GMGI's U.S. market penetration. The 7x year-over-year increase in player engagement is particularly noteworthy, indicating exceptional product-market fit and strong user retention metrics. The rapid doubling of game offerings showcases robust development capabilities and efficient execution.

The shift towards in-house production through Expanse Studios is a crucial operational advantage. By reducing dependency on third-party suppliers, GMGI can expect improved margins through lower licensing costs and better control over their content pipeline. For context, gaming companies typically save 20-30% on costs when transitioning from third-party to proprietary content.

The sweepstakes market is a strategic entry point into the broader U.S. gaming sector, offering a compliant pathway to build brand presence and user base. With the U.S. social gaming market projected to reach $31.7 billion by 2027, GMGI's aggressive content expansion positions them to capture a larger market share in this high-growth segment.

Financial Analyst

The rapid expansion of GMGI's game portfolio through Expanse Studios presents compelling financial implications. The vertical integration strategy through in-house development is particularly significant for the company's cost structure and margin profile. Based on industry standards, this move could potentially improve gross margins by 15-20% through reduced licensing fees and better operational efficiency.

The 7x increase in player engagement is a leading indicator for revenue growth potential. In the gaming industry, higher engagement typically translates to improved monetization metrics, including higher ARPU (Average Revenue Per User) and extended player lifetime value. This growth trajectory, combined with the cost benefits of in-house development, suggests a positive impact on both top-line growth and bottom-line profitability.

Las Vegas, Nevada--(Newsfile Corp. - January 17, 2025) - Expanse Studios, the in-house development division of Golden Matrix Group Inc. (NASDAQ: GMGI), continues to strengthen its position at the US. In just a few weeks since entering the U.S. sweepstakes casino market in late 2024, Expanse Studios has doubled the number of games it supplies, underscoring its rapid growth and ability to deliver high-quality gaming solutions.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Expanse Studios doubles its game offerings in just weeks since entering the U.S. sweepstakes market in late 2024
• 7x Player Engagement 2024 vs 2023 YoY: Exponential growth reflects strong adoption and retention of proprietary gaming content
• In-house production expands the B2B network and reduces reliance on third-party suppliers, lowering operational costs

Click image above to view full announcement.

About Expanse Studios

Expanse Studios is a leading developer of online casino games, offering a diverse portfolio that includes slots, crash games, table games, and other innovative iGaming titles. Known for pushing the boundaries of iGaming, Expanse Studios delivers high-quality, immersive experiences tailored to players worldwide. With a commitment to technological excellence and creative innovation, Expanse Studios continues to expand its global presence, partnering with major operators across regulated markets.

Contact:

Milan Koricanac, Head of Global PR
milan.koricanac@meridianbet.com

Source: Meridianbet Group

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237554

FAQ

How many games has GMGI's Expanse Studios added to its U.S. sweepstakes lineup since late 2024?

Expanse Studios has doubled its game offerings in the U.S. sweepstakes market within weeks of entering in late 2024.

What is the year-over-year player engagement growth for GMGI's Expanse Studios in 2024?

Expanse Studios achieved a 7x increase in player engagement in 2024 compared to 2023.

How is GMGI's in-house production strategy affecting operational costs?

The in-house production strategy is reducing operational costs by decreasing reliance on third-party suppliers.

What impact has Expanse Studios' expansion had on GMGI's B2B network?

The expansion through in-house production has strengthened GMGI's B2B network while reducing dependency on third-party suppliers.