TMM, INC. ENTERS THE BOOMING A.I. GAMING INDUSTRY TO REVOLUTIONIZE ONLINE RAFFLES
Rhea-AI Summary
TMM Inc (OTC: TMMI) has announced its entry into the AI gaming industry through the acquisition of ownership in LMR Services, a Brazilian technology company licensed for lottery-style raffles with charitable sponsorships. The move positions TMM in Brazil's $40 billion online gaming market, which became regulated in January 2025.
The company aims to leverage its AI and skill game technology in the Brazilian market, which is expected to see double-digit growth over the next 5 years. According to CFO Mike Kozole, TMM anticipates generating revenues by Q2 2025 from this venture. The Brazilian gaming market has already attracted major global players like MGM, Entain, and Flutter.
Positive
- Entry into $40 billion Brazilian gaming market with strong growth potential
- Revenue generation expected to begin by Q2 2025
- Strategic timing with Brazil's gaming market regulation in 2025
- Established market with presence of major global gaming companies
Negative
- Revenue generation timeline not immediate (starting Q2 2025)
- Entering a highly competitive market with established global players
News Market Reaction – TMMI
On the day this news was published, TMMI declined 17.50%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Partnership Brings Innovation to Gaming While Supporting Hundreds of Charities Annually
TMM has entered into the rapidly expanding AI gaming sector, acquiring ownership in LMR Services, Ltda., an innovative Brazilian technology and marketing company licensed to operate lottery-style raffles with charitable sponsorships. This positions TMM at the forefront of the growing
Chief Financial Officer, Mike Kozole made the announcement stating, "TMM's entry into the multi-million-dollar revenue generating online raffle industry marks a pivotal milestone in the Company's evolution. By combining leading A.I., skill game technology and expertise in scalable solutions, TMM anticipates achieving revenues by Q2 2025, setting the stage for future expansion into complementary ventures."
TMMI TECHNOLOGY
TRUDEF Video Player, patented TRUSCALE ™ hardware accelerated up-scaler.
Legacy technology: TRUDEF™ Fractal Video codec and TRUDEF™ Player developed for cinema quality.
About TMM, Inc.
A high-quality video technology company specializing in digital video compression, video scaling and high-quality image management. Founded in 1990, the company was the pioneer in fractal video. Visit: http://www.tmmi.us
Safe Harbor Statement:
This may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, including statements about plans, strategies, business prospects, and technology development. These statements involve risks and uncertainties that could cause actual results to differ materially from projected. Neither management nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All statements in this PR are made as of the date hereof, based on information available as of the date hereof, and subsequent facts or circumstances may contradict, obviate, undermine, or otherwise fail to support or substantiate such statements.
View original content:https://www.prnewswire.com/news-releases/tmm-inc-enters-the-booming-ai-gaming-industry-to-revolutionize-online-raffles-302405555.html
SOURCE Total Multimedia, Inc.
FAQ
When will TMM (TMMI) start generating revenue from its Brazilian gaming venture?
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What company did TMM (TMMI) acquire in Brazil for its gaming expansion?
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