Golden Matrix Group, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Las vegas and valletta, malta, april 11, 2024 (globe newswire) -- golden matrix group, inc. (nasdaq: gmgi) and meridianbet group, the newly consolidated entity in online gaming world, are honored to receive positive analysis from ipo edge, a leading portal known for its insightful and credible financial analyses. the distinguished coverage highlighted the gmgi's acquisition of meridianbet as having a significant potential to reshape the gaming landscape, focusing on the combined entity's strategic positioning for expansive growth and technological innovation.

Acquisition expands golden matrix's global footprint and significantly increases revenues las vegas, nv, april 09, 2024 (globe newswire) -- via newmediawire – golden matrix group inc. (nasdaq:gmgi)(“golden matrix” or the “company”), a developer, licensor and global operator of online gaming and ecommerce platforms, systems and gaming content, today announced the closing of the previously announced acquisition agreement, pursuant to which golden matrix acquired ownership of the meridianbet group and its related companies, in a cash, debt and stock transaction. the acquisition was approved by golden matrix's board of directors and by the company's shareholders at the special meeting held on march 19, 2024.

Unique proprietary tech dominating with 57,400 pre-match and 53,257 live betting opportunities monthly, totaling 681,084 matches in 2023 alone empty bet - setting the company apart from competitors meridianbet to be acquired by the golden matrix group inc. ("gmg") (nasdaq: gmgi), heralding a new chapter of expanded innovation and global presence zero-compromise over ux: another reason behind success high level of ethical code focus on mobile app stability and speed presence in 15+ markets      valletta, malta, april 05, 2024 (globe newswire) -- for customers, sports and gaming have always been a loved and potent mix, and meridianbet has been at the forefront of this sector for more than two decades...

Las vegas and valetta, malta, march 20, 2024 (globe newswire) -- the meridianbet group, southeast europe's leading business-to-consumer (“b2c”) sports betting and gaming group, operating in multiple markets across europe, africa, and latin america, is pleased to note that shareholders of golden matrix group inc, ("gmg"), a developer, licensor and global operator of online gaming and ecommerce platforms, systems, and gaming content, (nasdaq: gmgi), have voted to approve the acquisition of meridianbet.

Las vegas, nv, march 20, 2024 (globe newswire) -- via newmediawire – golden matrix group inc. (nasdaq:gmgi)(“gmgi”, “golden matrix” or the “company”), a developer, licensor and global operator of online gaming and ecommerce platforms, systems and gaming content, today announced that its stockholders have voted to approve the terms of, and the issuance of shares of common stock in connection with, that certain previously announced amended and restated sale and purchase agreement of share capital dated june 27, 2023 (as amended and restated from time to time, the “purchase agreement”) by and between the company, as purchaser and aleksandar milovanoviĆ, zoran miloŠeviĆ and sneŽana boŽoviĆ, owners of meridianbet group, pursuant to which the company seeks to acquire meridianbet group, at a special meeting.

Peter Lynch, one of the most successful and well-known investors of all time, once said, “Insiders might sell their shares for any number of reasons, but they buy them for only one:they think the price will rise.

The Golden Matrix Group Inc (OTC: GMGI), a developer and licensor of online gaming technologies and content, reported record revenues in excess of $9.3 million in the nine months ending Oct. 31, 2021. The company changed its fiscal year from Jan. 31 to Oct. 31.

Record quarterly revenues (Q '22) of $3,251,182, an increase of 211% compared with revenues of $1,045,425 in the like year-ago quarter, and a 23% improvement on revenues of $2,639,402 in the prior (Q1 '22) quarter   Net income of $481,189 versus net income of $127,872 in Q1 '22   Adjusted EBITDA of $667,158, when excluding interest expense, interest income, amortization expense and stock-based compensation expense*   Record revenues of $5,890,584 for the first six months of fiscal '22, an increase of 231% on revenues of $1,780,189 in the first six months of fiscal ‘21   Cash and cash equivalents of $13,879,617, current assets of $16,792,363 and total assets of $17,239,995 as of July 31, 2021   Total current liabilities of $1,434,096 and $211,915 of long-term liabilities as of July 31, 2021   Company rolls out fully functional seamless aggregation platform, allowing entry into significant global markets   LAS VEGAS, NV / ACCESSWIRE / September 10, 2021 / Golden Matrix Group Inc...

LAS VEGAS, NV / ACCESSWIRE / July 19, 2021 / Golden Matrix Group, Inc. (OTC PINK:GMGI), a developer and licenser of online gaming platforms, systems and gaming content, today announced it has entered into an agreement with Playson Ltd, a leading international game developer providing cutting-edge innovative content in over 17 regulated jurisdictions. According to the agreement, Playson's entire portfolio of games, including fan-favorites such as Buffalo Power: Hold and Win, Solar Queen and Legend of Cleopatra: Megaways™, will be featured on GMGI's state-of-the-art GM-X platform that currently services 400 plus operators and their 3.5 million registered users in the Asia Pacific (APAC) region.

LAS VEGAS, NV, July 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (OTCPK: GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today announced it had achieved record revenues of $1 million in the month of June, and over $2 million during May and June, the first two months of the company's second fiscal quarter ending July 31, 2021. Additionally, June represents GMGI's first month to exceed one million dollars in revenues.

New Casino Games to be Hosted on Company's GM-X and GM-Ag Platforms

Company Achieves 11th Consecutive Quarter of Profitability • Record revenues (Q1 '22) of $2,639,402, an increase of 259% compared to revenues of $734,764 in the year-ago quarter, and a 35% improvement on revenues of $1,951,406 in the prior (Q4 '21) quarter • Net income of $127,872 versus net income of $52,158 in Q4 '21 • Adjusted EBITDA of $663,311, when excluding interest expense, interest income, amortization expense and stock-based compensation expense* • Cash and cash equivalents of $11,750,489, and total assets of $15,162,029, as of April 30, 2021 • Total current liabilities of $1,241,070, and no long-term liabilities as of April 30, 2021 • Company acquires fully functional seamless aggregation platform, which positions GMGI for entry into multiple new markets with gaming operators worldwide LAS VEGAS, NV / ACCESSWIRE / June 9, 2021 / Golden Matrix Group Inc...

Revenues Up 59 Percent Compared to Previous Twelve Months Cash on Hand Improves 531 Percent Over January 31, 2020 Total Assets Improve 273 Percent vs. January 31, 2020 Products Achieving Success in New Geographic Markets LAS VEGAS, NV / ACCESSWIRE / April 30, 2021 / Golden Matrix Group Inc. (OTC PINK:GMGI), a leading developer and licenser of full-service internet gaming platforms, systems and gaming content, today announced that for its fiscal 2021 year ended January 31, 2021, the Company reported revenue of $5,223,059, a 59 percent improvement on revenue of $3,288,575 reported for the previous twelve months.

LAS VEGAS, NV / ACCESSWIRE / April 7­­, 2021 / Golden Matrix Group Inc. (OTC PINK:GMGI), a leading developer and licenser of full-service internet gaming platforms, systems and gaming content, today announced it has launched its first custom-built online sportsbook platform with an established online gaming operator in a new and significant geographic sports gaming market for Golden Matrix. According to Golden Matrix CEO Brian Goodman, "The launch of the sportsbook platform with this particular customer has been timed to coincide with one of the world's most popular events, the season's kick-off of the Indian Premier (Cricket) League (IPL).

Golden Matrix Group has filed to raise $10 million in an IPO. The firm provides online gambling technologies to operators in Asia and other major regions.