Golden Matrix Stock Price, News & Analysis

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.

Meridianbet, a division of Golden Matrix Group (NASDAQ: GMGI), has reported the completion of 258 Corporate Social Responsibility (CSR) initiatives throughout Europe, Africa, and Latin America during 2024. The company's CSR efforts were concentrated in four main areas: healthcare, education, responsible gambling, and environmental sustainability, aligning with UN Global Compact principles.

In February 2025, the Meridianbet Foundation initiated a book donation campaign spanning all 18 of its operating markets, with the goal of providing books to underfunded libraries to promote culture and lifelong learning. The company has also implemented new donation tools, including the Meridian Donate Button and Scan & Help features, to streamline the donation process and enhance community support efforts.

Golden Matrix Group (NASDAQ: GMGI) experienced a notable surge in institutional ownership during Q4 2024, marking increased confidence from major financial institutions. BlackRock and Vanguard, leading institutional investors, expanded their positions in the company, while new institutional investors including Squarepoint Ops and SG Americas Securities, established new stakes.

The quarterly data reveals that thirteen institutions increased their holdings in GMGI, demonstrating growing institutional confidence in the company's prospects.