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Golden Matrix Group, Inc. (GMGI)

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5.25-0.30 (-5.41%)
At close: 3:58PM EST
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Previous close5.55
Open5.71
Bid0.00 x 0
Ask0.00 x 0
Day's range5.10 - 5.71
52-week range4.00 - 6.80
Volume63,285
Avg. volume72,082
Market cap111.996M
Beta (5Y monthly)2.40
PE ratio (TTM)79.55
EPS (TTM)0.07
Earnings date18 Feb 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Golden Matrix and Playtech Announce Collaboration Agreement to Expand Distribution in Esport and Betting Game Markets Worldwide
    GlobeNewswire

    Golden Matrix and Playtech Announce Collaboration Agreement to Expand Distribution in Esport and Betting Game Markets Worldwide

    LAS VEGAS, Nov. 20, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- Golden Matrix Group Inc. (OTC: GMGI), a developer and licenser of social gaming platforms, systems and gaming content, and Playtech plc (LSE:PTEC.L), one of the world’s leading gambling technology companies, today announced a collaboration pact to expand both companies’ share in the Esport and betting game markets worldwide. Under terms of their agreement, Playtech will have the exclusive rights to distribute GMGI’s newly-developed suite of Esport, peer-to-peer betting games (Peer2P) and GMGI’s successful AI player acquisition and retention system throughout Playtech’s extensive global network. Additionally, Golden Matrix will be granted non-exclusive rights to distribute Playtech’s most popular games through its vast operator network. Playtech gaming software distributed by GMGI will include live dealer games, slots, table games, bingo and poker.“This collaboration agreement with the industry’s most prestigious technology provider and distributor,” said Golden Matrix CEO Brian Goodman, “represents a significant milestone in our company’s expansion and growing success. With Playtech as our Peer2P distribution partner, GMGI’s exciting content will now be introduced to new gaming audiences, thus extending the company’s reach into new territories - including the fast growing U.S. market where we expect to establish a significant presence. In addition, our core business will also benefit greatly by adding Playtech’s best gaming software to our current GM-X product offerings. We are confident it will be enthusiastically received by our 350 plus licensees and their 3.5 million registered users that transact through our GM-X platforms.”Mr. Goodman said he expected both sides of the distribution pact to go live by the 1st of December 2020.Mor Weizer, CEO of Playtech, said, “Playtech’s success is driven by key strategic partnerships with the industry’s leading specialists that complement our technology, increase our scale and breadth of offering and extend our distribution capabilities. We are delighted to announce the new partnership with experienced technology provider GMGI. This is the exciting first step in our partnership which will see us launch E-sport, P2P and other innovative software as well as expand distribution of our world class content.”About PlaytechFounded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries.Playtech is the gambling industry's leading technology company, delivering business intelligence-driven gambling software, services, content and platform technology across the industry’s most popular product verticals, including casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data-driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data-driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry’s leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries.  Playtech has in total c.5,900 employees across 19 countries and is headquartered in the Isle of Man.www.playtech.comAbout Golden MatrixGolden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications.Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.Forward-Looking StatementsThis press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.Connect with us:Twitter - https://twitter.com/GMGI_GroupInstagram - https://www.instagram.com/goldenmatrixgroup/"Golden Matrix Group Contact: Scott Yaninfo@goldenmatrix.comwww.goldenmatrix.com

  • Golden Matrix Receives License to Market and Distribute White Label Sportsbook for Online Betting
    GlobeNewswire

    Golden Matrix Receives License to Market and Distribute White Label Sportsbook for Online Betting

    LAS VEGAS, Oct. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- Golden Matrix Group Inc. (OTC: GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today said it has entered into a software license and services agreement with a leading international sports betting software and trading services provider to market and distribute a white label sportsbook platform for online betting. Scheduled to launch by mid-November, the platform features a turnkey solution that is tailored to each customer’s requirements and offers a competitive pricing structure. Golden Matrix said it will be authorized to sub-license the sportsbook to GMGI’s existing casino operators – which currently number over 400 – and other potential licensed operators in regulated markets. Recurring monthly fees received from sub-licensees will be shared between the platform provider and GMGI.“Obviously,” said Golden Matrix CEO Brian Goodman, “we are thrilled by this opportunity to enter the burgeoning sports betting market with a superior product offering. This state-of-the-art sports platform has already obtained a gaming license in multiple states in the USA. We believe our company’s expansion into sports betting has been widely anticipated and desired by both operators and players; and our participation in this new vertical market will not only boost overall revenues and profits, but also strengthen GMGI’s ability going forward to introduce sports betting in new geographic markets.”About Golden MatrixGolden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications.Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.Forward-Looking StatementsThis press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.Connect with us:Twitter - https://twitter.com/GMGI_GroupInstagram - https://www.instagram.com/goldenmatrixgroup/"Golden Matrix Group Contact: Scott Yaninfo@goldenmatrix.comwww.goldenmatrix.com

  • GlobeNewswire

    Golden Matrix Third Quarter Revenues Tracking 40 Percent Higher Than Previous Quarter

    Company Negotiating With Several Parties To Enter New Markets LAS VEGAS, Sept. 24, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- Golden Matrix Group Inc. (OTC: GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today reported that revenues for the third fiscal (Oct. 31) quarter are currently on track to achieve $1.46 million, which would represent a 40% increase on revenues of $1,045,425 recorded in the previous quarter.According to CEO Brian Goodman, “Momentum continues to improve as we sign up more casino operators in the Asia Pacific (APAC) region and increase our user base, which has grown to 3.5 million registrants, up 133% percent on the 1.5 million registrants reported at the end of calendar 2019. We are pleased with this steady progression in our core business and expect it to continue as operators recognize the ongoing need to strengthen their online presence.”Additionally, Mr. Goodman said the company, with a strong balance sheet and recurring quarterly profits, is now positioned to engage in expansion activities that further increase GMGI’s market share in the APAC region, as well as enable the company to expand into new vertical markets. “We are currently in negotiations with some very successful companies in the gaming space and expect to soon announce several partnerships and transactions that can accelerate profitable growth, expand the Golden Matrix brand, and improve shareholder value.”About Golden MatrixGolden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications.Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.Forward-Looking StatementsThis press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.Connect with us:Twitter - https://twitter.com/GMGI_GroupInstagram - https://www.instagram.com/goldenmatrixgroup/Golden Matrix Group Contact: Scott Yaninfo@goldenmatrix.comwww.goldenmatrix.com