Golden Matrix Stock Price, News & Analysis

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.

Expanse Studios, a division of Golden Matrix Group (NASDAQ: GMGI), has achieved a significant milestone by completing its fifth U.S. sweepstakes casino integration through a partnership with Yotta. The integration allows Expanse to deliver its proprietary portfolio of slots, crash games, and table games to Yotta's platform, which operates across 46 U.S. states and serves over 900,000 users.

This strategic expansion strengthens Expanse Studios' foothold in the U.S. social casino market, focusing on proprietary content delivery, cost efficiency, and B2B growth initiatives.

Expanse Studios, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, expanding its reach across 40+ states. This latest partnership was facilitated through Casimba Gaming, advancing Expanse Studios' third-party distribution strategy.

The integration enables Expanse Studios to distribute its proprietary slots, crash games, and table games to a wider network of regulated sweepstakes operators. This strategic move not only broadens the company's market presence but also reduces dependency on third-party games by increasing its offering of proprietary content while strengthening its B2B network in the growing U.S. sweepstakes market.

Expanse Studios, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has released its 55th game, Candy's Bonanza, strengthening its position in the U.S. sweepstakes and social casino market. The game is fully compatible with U.S. sweepstakes regulations and supports the company's expansion across more than 40 U.S. states. This launch represents another strategic step in developing and utilizing proprietary content within the Group's B2B iGaming portfolio.

Golden Matrix Group (NASDAQ: GMGI) and its subsidiary Meridianbet are preparing for Super Bowl LVIII with an unprecedented offering of over 880 unique betting options. The company has introduced an AI Sports Betting Recommender system that personalizes betting experiences by analyzing player behavior, past wagers, and real-time trends.

The innovative betting platform includes unique features such as Scorigami, MVP position predictions, shirt number totals, and a custom-wager 'Empty Bet' feature. This AI-driven approach aims to enhance user engagement by providing tailored betting suggestions and maximizing potential opportunities for users.

Golden Matrix Group's (GMGI) subsidiary Expanse Studios has successfully integrated with its second major U.S. social casino operator, expanding its presence in the U.S. sweepstakes market. The integration brings Expanse Studios' portfolio of premium slots, crash games, and table games to players across more than 40 states, including key markets like California, New York, and Florida.

The operator, described as part of one of the largest social sportsbooks in the U.S., will significantly increase visibility for Expanse Studios' sweepstakes-ready gaming content. The company has introduced a dedicated Social Wallet to streamline currency, token, and compliance adaptations, ensuring smooth integration across multiple operators. Additionally, Expanse Studios has launched social casino-compatible games, including Rich Panda and Wild West, with plans for 20+ new operator integrations in the coming weeks.

Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI), has achieved a significant milestone by being featured on Oracle's Global Customer Reference Page. This platform showcases the most advanced, high-impact projects implemented with Oracle technology globally.

The recognition positions Meridianbet among the most advanced AI-driven gaming technology deployments worldwide, making it the first company from Southeast Europe and among very few in Europe to receive this distinction. The company is part of the exclusive 5% Tech club and holds a license in Brazil.

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.

Golden Matrix Group (NASDAQ: GMGI) has released its 2025 gaming business outlook, highlighting significant achievements and growth prospects. The company reported impressive year-to-date revenue of $105.3 million, marking a 55% growth rate. GMGI maintains strong gross margins exceeding 55% and currently trades at a Price-to-Sales ratio of 1.88, which is below the industry average of 3-5. The company's strategic expansion includes market entry into Brazil and pending licensing in New Jersey, positioning itself for growth in new markets.