Golden Matrix Achieves Record Q3 Revenues Exceeding $11M
Portfolio Pulse from Happy Mohamed
Golden Matrix Group Inc. (NASDAQ:GMGI) reported record Q3 revenues exceeding $11 million, with significant contributions from RKings Tournament Competitions and GMGAssets. The company's online casino and sportsbook in Mexico, MEXPLAY, also showed consistent progress with total wagering, player deposits, and registered players all increasing significantly. The company is also in the process of acquiring the MeridianBet Group.
August 11, 2023 | 12:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Golden Matrix's record Q3 revenues and the growth of its various segments, along with the upcoming acquisition of the MeridianBet Group, could potentially boost investor confidence and positively impact the company's stock in the short term.
The company's record revenues indicate strong performance and growth in its various segments. The upcoming acquisition of the MeridianBet Group could further expand the company's operations and profitability, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100