InvestorNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Releases Status Update on Upcoming Q3 Revenue Report

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.