Streetbeat News

GMGI

Golden Matrix Group, Inc.

https://www.goldenmatrix.com

Industry

Electronic Gaming & Multimedia

Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.

Open

2.50

Mkt cap

336M

Volume

55K

High

2.68

P/E Ratio

-130.50

52-wk high

6.27

Low

2.43

Div yield

N/A

52-wk low

2.01

Golden Matrix Group, Inc. (GMGI) held its Q3 2024 earnings call, discussing the company's performance and future outlook.

Portfolio Pulse from

November 12, 2024 | 6:00 pm

Golden Matrix Group Inc. (NASDAQ:GMGI) has launched an AI-powered Bet Recommender through its subsidiary Meridianbet. This tool offers personalized, real-time betting suggestions by analyzing vast sports data and user preferences, enhancing user engagement and betting precision.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 12:05 pm

Golden Matrix Group's subsidiary, Meridianbet, has expanded its sports wagering product suite by introducing approximately 170 new games and over 2,000 additional betting selections per match. This expansion aims to enhance user engagement, revenue streams, and market share.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:07 pm

Golden Matrix's subsidiary, Meridianbet, achieved record-breaking results in August 2024, with a 13% growth in online casino revenue and a 9% increase in online sports betting. Additionally, revenue from the Americas surged 72% above the 2024 monthly average.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:03 pm

Golden Matrix Group has announced the mutual termination of Omar Jimenez as CFO, with Weiting Feng appointed as the new CFO.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:42 am

Golden Matrix Group is expanding its presence in the iGaming market by applying for a license in New Jersey, obtaining a license in Bulgaria, and targeting Brazil's $20 billion market through its subsidiary, Meridianbet.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:06 pm

Golden Matrix Group's subsidiary, Meridianbet, has been shortlisted for an exclusive sports betting and iGaming license in Brazil, positioning it among a select group of global operators in a highly anticipated market.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:12 pm

Golden Matrix Group's CEO, Brian Goodman, will discuss the company's Q2 2024 financial results, future outlook, acquisition plans, and dual B2C/B2B model in a live interview on August 21st.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:02 pm

Golden Matrix Group Inc. (GMGI) is set to acquire an 80% controlling interest in Classics for a Cause Pty Ltd for approximately $8.4 million, including an earnout component. This acquisition could enhance GMGI's market position and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:05 pm

Golden Matrix Group reported Q2 earnings per share (EPS) of $0.00, down from $0.04 year-over-year (YoY). However, sales increased to $39.42 million from $22.58 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:17 pm

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