Golden Matrix (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, is reporting that it anticipates Q3 revenues to top $10 million; that will be the third consecutive quarter of $10 million revenues for the company. The report pointed to several key factors in the company’s consistent revenue performance, including recent technology upgrades at both RKings and GMGAsset; continual progress of MEXPLAY, the business-to-consumer (“B2C”) online casino in Mexico; and gaining traction of the company’s business-to-business (“B2B) aggregate gaming system, GMX-Ag. “In addition to benefitting from operational improvements in each of the company’s business units during the quarter, we have made excellent progress with the due diligence process of the MeridianBet Group,” said Golden Matrix CEO Brian Goodman in the press release. “And we now have multiple offers of funding that will help secure the financing required to complete the acquisition. We remain confident that GMGI, with its growing internal strength and the pending MeridianBet acquisition, is on the cusp of transforming into not only a diverse and profitable gaming company, but also one that has considerable scale and extensive global representation. . . . We are extremely pleased with the strength of our B2B and B2C platforms and their popularity with a growing number of participants. And with the completion of the MeridianBet acquisition, we will benefit from each other’s strategic contributions and create a new combined company with attractive product offerings in multiple gambling jurisdictions worldwide.”
To view the full press release, visit https://ibn.fm/hpV5q
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients. RKings, GMGI’s B2C division, operates a high-volume ecommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The company also owns and operates MEXPLAY, a regulated online casino in Mexico. The company’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current U.S. law. For more information about the company, visit www.GoldenMatrix.com.
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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