Revolutionary feature combines spontaneous game discovery with AI-driven personalizationEarly adoption shows 40% increase in new game explorationProjected to drive 15% increase in player lifetime valueSeamlessly integrated with Meridianbet's AI Casino Recommender VALLETTA, Malta, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a leading European online gaming operator and part of the Golden Matrix Group Inc. (NASDAQ:GMGI), announces the launch of its innovative "I'm Feeling Lucky" feature across its global p ...

LAS VEGAS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and licensor of online gaming platforms, systems, and content, today announced the launch of the AI-powered Bet Recommender by its sports betting division Meridianbet. The AI Bet Recommender is designed to offer real-time, personalized betting suggestions, tailored to individual player preferences and habits. By processing thousands of data points from sports events and odds parameters, the AI platform ...

Comprehensive selection of 2,000+ betting markets for every NBA gameAdvanced player prop bets and same-game parlay optionsCompetitive odds matching top-tier US sportsbooks VALLETTA, Malta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a leading sports betting operator and part of the Golden Matrix Group (GMGI) announces an unprecedented expansion of its NBA betting markets for the 2024-25 season. With over 2,000 betting options per game, Meridianbet continues to demonstrate its commitment to providing US s ...

● . ● . Golden Matrix Group to Present at the LD Micro Main Event XVII October 28th-30th 2024 October 14, 2024 9:30 AM EDT | Source: LD Micro Las Vegas, Nevada--(Newsfile Corp. - October 14, 2024) - Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer and licensor of online gaming platforms, systems, and gaming content, has been invited to present at the 17th Annual LD Micro Main Event taking place October 28 - 30, 2024 at the Luxe Sunset Bel-Air Hotel in Los Angeles, Cali ...

iGaming Innovator Reports Discussions With Over 20 Potential Partners, Showcases New Social Casino and Crash Game Offerings LISBON, Portugal, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced its triumphant participation in the SBC Summit Lisbon 2024, held from September 24-26 at the Feira Internacional de Lisboa. The event, which saw a record-breaking attendance of 25,000 industry professionals, served as a launchpad for Expanse Stu ...

LAS VEGAS, NV, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and licensor of online gaming platforms, systems and gaming content, is proud to announce that its subsidiary, Meridianbet, has been shortlisted for an exclusive sports betting and iGaming license in Brazil. The application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators who will be part of one of the most anticipated market launches in ...

LAS VEGAS, NV, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, today announced that Chief Executive Officer Brian Goodman will be participating in a live interview with Benzinga Executive Producer Zunaid Suleman this Wednesday, August 21st, on Benzinga All-Access at approximately 11:40 a.m. Eastern Time. During the live interview, Mr. Goodman and Mr. Suleman will discuss: GMGI's Q2 2024 financial resu ...

Financial Performance - Second quarter consolidated revenue grew 75% to $39.4 million[13] - Year-to-date revenue grew by 41% to $64.3 million[14] - Second quarter consolidated gross profits increased by 311% to $21.7 million[16] - Year-to-date gross profits increased by 169% to $39.4 million[16] - Shareholders' equity grew 520% to $89.5 million compared to December 2023[18] - Cash on hand was over $40 million as of July 31, 2024, a 96% increase over December 2023's $20.4 million[19] - The company has a Net Debt Leverage ratio of 16[19] Divisional Highlights - Rkings and its related company posted revenues of over $9.6 million in the second quarter, an increase of over 43% year-over-year[24] - IGMA's second quarter wagering grew by 124% to $12 billion; year-to-date wagering increased by 141% to $22 billion[25] - IGMA's second quarter Gross Gaming Revenue grew by 187% to $38 million; year-to-date revenue increased by 186% to $68 million[25] - Meridianbet's second quarter revenue increased by 114% compared to Q2 2023[28] - MexPlay's second quarter deposits increased by 297% to $12 million[27]

Financial Data and Key Metrics Changes - Consolidated revenue for Q2 2024 grew 75% to $39.4 million, with year-to-date revenue increasing by 41% to $64.3 million [8] - Net income for the quarter was $15,000, affected by non-cash items and one-off acquisition costs [8] - Consolidated adjusted EBITDA remained consistent at $5.4 million, while gross profit increased by 31% to $21.7 million [8][9] - The company maintained a healthy balance sheet with over $40 million in cash and equivalents, a 96% increase from December 2023 [9] Business Line Data and Key Metrics Changes - R Kings Competitions generated revenues of over $9.6 million, a 43% increase year-over-year, with 386,000 total players [9] - GMAG platform saw wagering grow by 124% to $1.2 billion, with gross gaming revenue increasing by 187% to $38 million [10] - MexPlay casino reported cash deposits up 297% to $1.2 million and gross gaming revenues grew by 154% to $422,000 [11] Market Data and Key Metrics Changes - Meridianbet's revenues increased by 11.4% compared to Q2 2023, with online segment growth at 14% [12] - Total deposits for Meridianbet reached $59.2 million, reflecting a 16% growth year-over-year [12] - The online casino sector within Meridianbet recorded a 17% revenue growth, supported by the addition of new games [13] Company Strategy and Development Direction - The company aims to achieve annual revenues of over $150 million and adjusted EBITDA of over $13 million by 2025 [22] - Plans to continue scaling through acquisitions and investing in new markets to expand global footprint [22] - Focus on operational excellence and driving enhanced shareholder value while maintaining double-digit growth [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing future opportunities and maintaining significant growth [21] - The successful consolidation with Meridianbet is expected to drive strong growth across all sectors [6][20] - Continued investment in technology and AI is anticipated to enhance player experiences and drive results [16] Other Important Information - The company has a robust balance sheet with significant cash reserves, allowing for potential acquisitions and debt management [21] - Meridianbet is expanding into new jurisdictions, including Brazil, Peru, and South Africa, which are projected to offer substantial growth opportunities [15][17] Q&A Session Summary - The conference call concluded without a formal Q&A session, as indicated by the operator's closing remarks [20]

LAS VEGAS, NV, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that it will report its second quarter 2024 financial results before the market opens on Tuesday, August 13, 2024. An audio webcast of the earnings call and an accompanying highlights presentation reviewing the Company's financial results, recent events and company outlook will be available on August 13th in the "Events & ...