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) 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

Golden Matrix Group Inc. (GMGI) has launched an AI-powered online casino game recommender aimed at enhancing the user gaming experience. This new technology is expected to personalize game suggestions for users, potentially increasing user engagement and retention.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:02 pm

Golden Matrix Group Inc. (NASDAQ:GMGI) has authorized a stock repurchase program of up to $5 million of its common stock, set to expire on July 15, 2025, unless extended or discontinued by the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:07 pm

Golden Matrix Group's Expanse Studios has announced a strategic partnership with Betika, Kenya's leading online gaming company. This collaboration aims to expand Expanse Studios' iGaming presence across Africa.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:52 pm

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply by 19% after the company announced the discontinuation of its SBI-100 Ophthalmic Emulsion Phase 2a trial. Other notable movers include Big Tree Cloud Holdings Limited (NASDAQ:DSY) which jumped 123% following a business combination, and KWESST Micro Systems Inc. (NASDAQ:KWE) which gained 79.8% after being awarded a significant sub-contract. Several other stocks experienced significant gains or losses during Monday's mid-day session.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 6:10 pm

The article highlights the intraday movements of several communication services stocks on Monday. Urban One, Creative Realities, Leafly Holdings, Emerald Holding, Onfolio Holdings, and Direct Digital Holdings saw significant gains, while Sify Technologies, Hanryu Holdings, Golden Matrix Group, Society Pass, and Shenandoah experienced notable declines.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:31 pm

Golden Matrix Group (GMGI) has been added to the Russell 3000 Index, which is expected to increase its visibility and attract more institutional investors.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:32 pm

In Monday's after-market session, several Communication Services stocks experienced significant movements. AMC, Surgepays, and BuzzFeed reported gains following their Q1 earnings reports, while Antelope Ent Hldgs, Cineverse, and Integral Ad Science saw declines, with earnings reports influencing several stocks' performances.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 8:31 pm

Golden Matrix stockholders have approved the acquisition of MeridianBet Group, a significant move that could potentially enhance Golden Matrix's market position and offerings.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:17 pm

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