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., now operating under the Meridian Holdings Inc. name, reports developments tied to online sports betting, iGaming content, and gaming-platform licensing. The company’s B2B operations include proprietary gaming platforms and Expanse Studios content such as slots, crash games, table games, and gamified casino experiences, while its B2C operations include Meridianbet sports betting and gaming services in regulated international markets.
Recurring company news covers product launches, iGaming certifications, distribution partnerships, platform integrations, operating and financial results, governance matters, capital actions, and the completed corporate rebrand from Golden Matrix Group to Meridian Holdings.
Golden Matrix Group, Inc. (OTC PINK:GMGI) announced a strategic partnership with Playson Ltd, enhancing its online gaming offerings. The agreement will integrate Playson's popular games, including Buffalo Power: Hold and Win and Solar Queen, onto GMGI's GM-X platform, servicing over 400 operators and 3.5 million users in the APAC region. This integration aims to boost market share and revenue growth, particularly with the upcoming launch of GM-Ag, GMGI's aggregate platform expected to attract global gaming operators.
Golden Matrix Group (OTCPK: GMGI) has reported record revenues of $1 million for June 2021, marking its first month surpassing this milestone. Total revenues for May and June exceeded $2 million, reflecting approximately 100% growth compared to $1.05 million in the same period last year. The increase in revenue is attributed to licensing fees from gaming operators in the Asia Pacific region, with 488 operators and 4.6 million registered users. CEO Anthony Goodman expects sustained growth through organic efforts and acquisitions.
Golden Matrix Group Inc. (GMGI) has announced a distribution agreement with Fantasma Games AB to host its portfolio of casino betting games on GMGI's GM-X platform, enhancing its presence in the online gaming market. The GM-X platform currently serves over 400 operators and 3.5 million users in the Asia Pacific region. This partnership aims to boost GMGI's content offerings and expand into new markets with the upcoming GM-Ag platform. The integration of Fantasma’s games is expected shortly, marking a significant step in GMGI's growth strategy.
Golden Matrix Group (GMGI) reported record revenues of $2,639,402 for Q1 2022, up 259% year-over-year, marking its 11th consecutive quarter of profitability. Net income rose to $127,872 compared to $52,158 in Q4 2021. Adjusted EBITDA reached $663,311. As of April 30, 2021, cash and cash equivalents stood at $11,750,489, with total assets of $15,162,029, and current liabilities of $1,241,070. The acquisition of a seamless aggregation platform positions GMGI for entry into new markets and enhances its global footprint.
Golden Matrix Group (GMGI) reported a significant revenue increase of 59% for fiscal 2021, totaling $5,223,059 compared to $3,288,575 in the prior year. EBITDA stood at $2,366,344, slightly down from $2,476,361 year-over-year. Cash on hand improved by 531% to $11,706,349, and total assets rose 273% to $13,814,574. Total liabilities decreased by 55% to $552,610, further enhancing shareholders' equity by 436% to $13,261,937. The company aims to expand its global customer base and introduce new products in fiscal 2022.
Golden Matrix Group (OTC PINK: GMGI) announced the launch of its first custom-built online sportsbook platform in a significant market, coinciding with the Indian Premier League kickoff. The platform is powered by Amelco UK, a leading sports betting provider. CEO Brian Goodman highlighted the opportunity to tap into a massive sports audience with 2-3 billion cricket fans. The integration of this sportsbook into their GM-X technology platform aims to enhance player engagement. The company plans to roll out the system with more clients over the next six weeks and seeks U.S. gaming approval later this year.
Golden Matrix Group (OTC Pink: GMGI) announced the acquisition of the GMX-Ag aggregate gaming system from Gamefish Global Pty. Ltd. This strategic move aims to enhance GMGI's global market presence. The GMX-Ag platform will feature over 10,000 casino games, integrating with operators’ systems and offering tools for player acquisition and retention. GMGI plans to target developing markets, including Asia, Latin America, and Eastern Europe. CEO Anthony Goodman highlights the company’s expansion efforts through this acquisition and the hiring of industry veterans.
Golden Matrix Group (GMGI) reported an anticipated record revenue of approximately $1.9 million for the fourth fiscal quarter ended January 31, 2021, exceeding its earlier projection of $1.7 million. January 2021 alone contributed around $740,000. This represents a 28% increase from the previous quarter's revenue of $1.49 million and a 117% improvement year-over-year compared to $876,753. The revenue growth is attributed to licensing fees from gaming operators in the Asia Pacific region, supported by a user base of about 3.9 million.