Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.
IPO Year:
Exchange: NASDAQ
Website: https://www.goldenmatrix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/21/2025 | $4.00 | Buy | Maxim Group |
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LAS VEGAS, July 22, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, a cutting-edge game developer focused on innovative iGaming experiences and a subsidiary of Golden Matrix Group Inc. (NASDAQ:GMGI), has entered into a content partnership with Bragg Gaming Group (NASDAQ:BRAG, TSX:BRAG), a global B2B iGaming content and technology provider. The agreement significantly expands the distribution of Expanse Studios' proprietary slots, crash and table games across over 30 regulated markets globally, including the U.S., Canada, Latin America and Europe. The partnership brings together Expanse Studios' diverse portfolio of 55+ proprietary games and Bragg Gaming's extensive distribution capabilities, cr
VALLETTA , Malta, July 01, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, the B2B game development division of Golden Matrix Group Inc. (NASDAQ:GMGI), has received official certification from Croatia's Ministry of Finance for its flagship game Super Heli, with additional titles in the company's 56-game portfolio expected to receive approval in the coming weeks for the EU member state. The certification marks a strategic entry into a market that generated US$484.70m in 2024, with projected growth at a CAGR of 8.4% during 2024-2030. Super Heli, Expanse's most popular crash-style game, becomes the first of the studio's titles approved for the Croatian market, paving the way for broader port
VALLETTA, Malta, June 13, 2025 (GLOBE NEWSWIRE) -- As Meridianbet prepares to join the global celebration of World Blood Donor Day on June 14, the company is once again turning corporate values into direct action. Across multiple countries and markets, Meridianbet and the Meridianbet Foundation are organizing and participating in voluntary blood donation drives, reaffirming a long-standing commitment to public health and community solidarity. Meridianbet Joins Global Effort to Tackle Blood Shortages, Turning Employee Action into Lifesaving Impact In 2025, the blood donation remains a very important, and unresolved issue. Globally, around 118.5 million units of blood a
VALLETTA, Malta, June 04, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting and iGaming division of Golden Matrix Group Inc. (NASDAQ:GMGI), a leading developer and licensor of B2B and B2C gaming platforms, today announced the signing of a two-year exclusive sponsorship agreement with the Aquatic Sports Association of Malta (ASA), the official governing body for water polo, swimming, and artistic swimming in Malta. https://x.com/meridianbet_ofc/status/1930301567808241688 Under the terms of the agreement, Meridianbet becomes the exclusive betting partner of ASA, gaining integrated brand exposure across ASA events, digital platforms, and physical venues. The sponsorship includes
VALLETTA, Malta, May 22, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing commitment to environmental and social responsibility, Meridianbet, a key member of the Golden Matrix Group (NASDAQ:GMGI), continues to implement impactful green initiatives across the markets where it operates. In 2024 alone, the company organized nearly 300 CSR initiatives, and in the first quarter of 2025, that momentum has accelerated with over 80 projects focused on health, education, community impact, responsible betting — and increasingly, environmental protection. Fruška Gora Cleanup: Sport Meets Sustainability Earlier this year, Meridianbet led a major environmental cleanup tied to the 32nd Fruška Go
VALLETTA, Malta, April 22, 2025 (GLOBE NEWSWIRE) -- Meridianbet, a leading global sports betting and iGaming operator, part of the Golden Matrix Group (NASDAQ:GMGI), is pleased to share key ESG milestones from 2024, offering a preview of the year marked by high-impact community engagement, technology-driven operations, and disciplined resource use. The full ESG report is set for release in the coming weeks. Today's preview highlights how Meridianbet's commitment to long-term, localized growth continues to deliver value across the markets it serves, while reinforcing its position within GMGI's diversified portfolio of six global brands. Golden Matrix reported $151.1 millio
NEW YORK, April 3, 2025 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI) Click Here to view the full Argus Equity Research Report. COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) include: GMGI: Growing Player in Global Gaming and Betting Markets Expanding Footprint: Golden Matrix Group provides a broad and growing array of software solutions, products, and services to the gaming industry, offering casino, sportsbook, and other competition
LAGOS, Nigeria and VALETTA, Malta, March 13, 2025 (GLOBE NEWSWIRE) -- 13 March 2025, Globe Newswire – Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ:GMGI), has officially launched its B2B operations in Nigeria, one of the largest and fastest-growing betting markets in Africa. The company's entry into Nigeria further strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets to deliver world-class gaming products. Through its newly licensed local entity, Masterlive Network Limited, Meridianbet has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA), allowing it to operate in both sports bett
VALETTA, Malta, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Meridianbet, part of the Golden Matrix Group, Inc. (NASDAQ:GMGI), a leading provider of innovative betting, gaming and technology solutions across 19 markets worldwide, today announced record-breaking revenue for January 2025, exceeding $9 million, marking the strongest month in the company's history and beating the January 2024 revenue by 24%. Important note: Meridianbet's reported financial results for January 2025 do not represent the consolidated financials of Golden Matrix Group, Inc. (GMGI). Investors should not interpret these figures as reflective of GMGI's total revenue performance. These preliminary results are subject to final
Over 880 unique betting options now available, surpassing last year's record-breaking offerPhiladelphia Eagles hold a 1.5-point spread advantage over the Kansas City Chiefs, with Eagles as -120 moneyline favoritesExclusive betting options include Scorigami, first coach to call a challenge, longest pass completion, jersey number props, and much moreMeridianbet's Empty Bet feature allows users to wager on custom bets, offering unparalleled flexibilityExtensive NCAA March Madness coverage—with more than 500 betting options per game—providing unmatched variety LAS VEGAS and VALLETTA, Malta, Feb. 09, 2025 (GLOBE NEWSWIRE) -- The Super Bowl LVIII is just hours away and Meridianbet, part of Gold
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Maxim Group initiated coverage of Golden Matrix Group with a rating of Buy and set a new price target of $4.00
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VALLETTA, Malta, June 13, 2025 (GLOBE NEWSWIRE) -- As Meridianbet prepares to join the global celebration of World Blood Donor Day on June 14, the company is once again turning corporate values into direct action. Across multiple countries and markets, Meridianbet and the Meridianbet Foundation are organizing and participating in voluntary blood donation drives, reaffirming a long-standing commitment to public health and community solidarity. Meridianbet Joins Global Effort to Tackle Blood Shortages, Turning Employee Action into Lifesaving Impact In 2025, the blood donation remains a very important, and unresolved issue. Globally, around 118.5 million units of blood a
LAS VEGAS, June 05, 2024 (GLOBE NEWSWIRE) -- Meridian Gaming Ltd announces that Golden Matrix Group Inc. (NASDAQ:GMGI) ("Golden Matrix" or the "Company"), a leading developer, licensor, and global operator of online gaming and eCommerce platforms, announces its inclusion in the prestigious Russell 3000 Index. This inclusion underscores the Company's established market presence and growth trajectory. Benefits of Russell 3000 Index Inclusion Being part of the Russell 3000 Index further increases Golden Matrix's visibility and attractiveness to a broader range of institutional investors. This inclusion can lead to increased liquidity, greater investor interest, and
LAS VEGAS, NV, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. NASDAQ:GMGI)("GMGI" or the "Company"), a developer, licensor and global operator of online gaming and eCommerce platforms, systems, and gaming content, today announced Brian Goodman, CEO of Golden Matrix Group will be hosted by JRC Stock Talk, a leading platform for insightful investor discussions, pursuant to which Mr. Goodman will participate in an exclusive Q&A. The Q&A session will take place on Tuesday, February 20, 2024, at 4:30 PM EST on X (formerly Twitter) Spaces, X's platform for audio chats. This event will offer investors a unique opportunity to gain valuable insights into Golde
Will Hold Special Meeting of Shareholders on March 19, 2024 to Vote on Approval of Acquisition of the MeridianBet Group LAS VEGAS, NV, Feb. 06, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Golden Matrix Group Inc. (NASDAQ:GMGI)(the "Company" or "GMGI"), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that the Company will hold a Special Meeting of Shareholders to vote on, among other things, the proposed acquisition of the MeridianBet Group. The meeting will take place on March 19, 2024, at 12:00 P.M. Las Vegas time. The meeting will be held in a virtual format, via live audio webcast. Shareholders wil
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LAS VEGAS, Nev., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ:GMGI) ("GMGI" or the "Company"), a leading developer and licensor of online gaming platforms, systems, and gaming content, today announced that it will be participating in the 2024 Global Gaming Expo (G2E), held at The Venetian Expo in Las Vegas, Nevada from October 7 to October 10, at booth #5130. This will be GMGI's inaugural participation at G2E as a combined entity with Meridianbet. At the event, GMGI will present an updated B2B network, emphasizing its state-of-the-art proprietary software, including the unveiling of the brand-new Atlas System, a fifth-generation core system solution that supports both
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 results and what they entail for the company;The future outlook for the firm over the next several fiscal years;The company's acquisition plans and its opportunistic approach to exp
LAS VEGAS, NV, July 19, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group (NASDAQ:GMGI) ("Golden Matrix" or the "Company"), a leading international developer and licensor of online gaming platforms, systems and gaming content, today announced the launch of an innovative Artificial Intelligence ("AI") powered casino game recommender by its subsidiary, Meridianbet. The recommender is designed to optimize user engagement and enhance the gaming experience. "This unique state-of-the-art Artificial Intelligence tool is a game changer," said Meridianbet CEO Zoran Milosevic. "We expect it to generate increased revenues, higher player values as a result of stronger loyalty and retent
LAS VEGAS, NV, July 17, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI) ("Golden Matrix", "GMGI" or the "Company"), an international developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that its Board of Directors has authorized the repurchase of up to a maximum of $5.0 million of shares of the Company's common stock. Subject to any future extension in the discretion of the Board of Directors of the Company, the repurchase program is scheduled to expire on July 15, 2025, when a maximum of $5.0 million of the Company's common stock has been repurchased, or when such program is discont
LAS VEGAS and BELGRADE, Serbia, May 17, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a member of the Golden Matrix Group (NASDAQ:GMGI), in partnership with Meridianbet Foundation, Expanse Studios, and BC Crvena zvezda Meridianbet announces the launch of a significant humanitarian initiative, 'Scan. Help.', aimed at supporting maternity hospitals across Southeast Europe. The rollout of this action to other market territories is expected in the remainder of 2024. How It Works: Empowering Community Participation For every scanned QR code and subsequent registration on the Meridian Foundation's website, funds will be allocated towards equipping five maternity hospitals in Serbia. This innovative a
LAS VEGAS, May 08, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ:GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced that Brian Goodman, Chief Executive Officer, and Zoran Milosevic, Chief Executive Officer of MeridianBet, participated in an IPO Edge Fireside Chat. During this morning's live event, Mr. Goodman and Mr. Milosevic discussed: How Golden Matrix and MeridianBet got to where they are today (their successes thus far and how the combined company plans on delivering long-term shareholder value);Golden Matrix's acquisition of MeridianBet and the newfound power
LAS VEGAS, NV, March 31, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)("Golden Matrix", "GMGI" or the "Company"), a developer and licensor of online gaming platforms, systems and gaming content, today announced that its Board of Directors has authorized the repurchase of up to a maximum of $2.0 million of shares of the Company's common stock. Subject to any future extension in the discretion of the Board of Directors of the Company, the repurchase program is scheduled to expire on September 29, 2023, when a maximum of $2.0 million of the Company's common stock has been repurchased, or when such program is discontinued by the Board of Directors. "We bel
LAS VEGAS, NV, Dec. 12, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Elray Resources Inc. (OTCPK: ELRA), a developer and licensor of online gaming technology and systems, today announced it has acquired Online Casino Crypto Technology, from Luxor Capital LLC. The Crypto Technology will enable Elray to build and supply full turnkey Crypto Technology systems to online crypto gaming operators. The crypto platform, branded as EBS (Elray Blockchain System), is expected to launch in the coming months. Elray also announced it has reached an Exclusive Distribution Agreement with Golden Matrix Group Inc. (NASDAQ:GMGI), wherein it will acquire all its gaming content for crypto operators from Go
LAS VEGAS, NV, Nov. 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, today announced it had acquired the remaining 20% interest in RKings Competitions for a total of 165,444 restricted shares of GMGI's common stock payable to the two former owners of RKings. "Obviously," said Golden Matrix CEO Brian Goodman, "we are pleased to now have this exciting and successful B2C business as a wholly-owned entity; it is highly scalable and expected to grow quickly in multiple regulated jurisdictions. In addition to Great Britain, we expect RKings' tournament platform to be popular
LAS VEGAS, June 03, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – Golden Matrix Group Inc. (NASDAQ:GMGI), a developer and licensor of online gaming platforms, systems and gaming content, today reports financial results for its second fiscal quarter ended April 30, 2022. Q2 revenues of $8,482,743**, an increase of 221% on revenues of $2,639,511 in the comparable year-ago quarter.Q2 net income attributable to GMGI of $586,984 versus $127,986 in the comparable year-ago quarter.Revenues of $17,359,848** in the first six months of this fiscal year, an increase of 278% on revenues of $4,590,917 in the comparable year-ago period.Net income attributable to GMGI of $936,363 in the first six months v