GMGI icon

Golden Matrix Group

1.84 USD
-0.01
0.54%
At close Feb 14, 4:00 PM EST
After hours
1.85
+0.01
0.54%
1 day
-0.54%
5 days
-1.60%
1 month
-25.81%
3 months
-30.83%
6 months
-13.62%
Year to date
-10.24%
1 year
-33.09%
5 years
-78.75%
10 years
-78.75%
 

About: Golden Matrix Group Inc 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 in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.

Employees: 1,100

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

88% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 8

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

5% more funds holding

Funds holding: 39 [Q2] → 41 (+2) [Q3]

0.04% more ownership

Funds ownership: 2.55% [Q2] → 2.58% (+0.04%) [Q3]

1% less capital invested

Capital invested by funds: $7.48M [Q2] → $7.38M (-$94.6K) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for GMGI.

Financial journalist opinion

Based on 7 articles about GMGI published over the past 30 days

Neutral
Newsfile Corp
2 days ago
Expanse (GMGI) Launches Game #55, Adds to U.S. Social Casino-Compatible Offer
Las Vegas, Nevada--(Newsfile Corp. - February 14, 2025) - The U.S. sweepstakes and social casino market is evolving rapidly, and Expanse Studios--part of Golden Matrix Group Inc. (NASDAQ: GMGI)--continues to expand its footprint with its latest release, Candy's Bonanza. To view the full announcement, including downloadable images, bios, and more, click here.
Expanse (GMGI) Launches Game #55, Adds to U.S. Social Casino-Compatible Offer
Neutral
GlobeNewsWire
5 days ago
Meridianbet Reports Over $9 Million in January 2025 Revenue, Achieving 24% YoY Growth
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).
Meridianbet Reports Over $9 Million in January 2025 Revenue, Achieving 24% YoY Growth
Neutral
Newsfile Corp
1 week ago
Golden Matrix (GMGI) Ready for Super Bowl LIX with 900+ AI-Powered Lines & Prop Bets
Las Vegas, Valetta--(Newsfile Corp. - February 9, 2025) - The Super Bowl LVIII is just hours away. Meridianbet, part of Golden Matrix Group (NASDAQ: GMGI), is setting new industry standards, rolling out a record-breaking 880+ unique betting options for the biggest sporting event in the U.S. Meridianbet, part of the GMGI, is also bringing innovation to Super Bowl LVIII with its AI Sports Betting Recommender, an advanced feature that personalizes betting experiences by analyzing player behavior, past wagers, and real-time trends to suggest the most relevant betting options.
Golden Matrix (GMGI) Ready for Super Bowl LIX with 900+ AI-Powered Lines & Prop Bets
Neutral
GlobeNewsWire
1 week ago
Meridianbet Ready for Super Bowl LIX Record with with 900+ AI-Powered Lines & Prop Bets
Over 880 unique betting options now available, surpassing last year's record-breaking offer Philadelphia Eagles hold a 1.5-point spread advantage over the Kansas City Chiefs, with Eagles as -120 moneyline favorites Exclusive betting options include Scorigami, first coach to call a challenge, longest pass completion, jersey number props, and much more Meridianbet's Empty Bet feature allows users to wager on custom bets, offering unparalleled flexibility Extensive 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 Golden Matrix Group (NASDAQ: GMGI), is setting new industry standards, rolling out a record-breaking 880+ unique betting options for the biggest sporting event in the U.S. Meridianbet is also bringing innovation to Super Bowl LVIII with its AI Sports Betting Recommender, an advanced feature that personalizes betting experiences by analyzing player behavior, past wagers, and real-time trends to suggest the most relevant betting options. This AI-driven approach enhances user engagement, making it easier for bettors to discover tailored opportunities with maximum potential.
Meridianbet Ready for Super Bowl LIX Record with with 900+ AI-Powered Lines & Prop Bets
Neutral
Newsfile Corp
1 week ago
Golden Matrix (GMGI) Integrates with Second U.S. Sweepstakes Operator
Las Vegas, Nevada--(Newsfile Corp. - February 7, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), continues to expand its presence in the U.S. sweepstakes market, successfully integrating with its second major U.S. social casino operator. This new integration brings Expanse Studios' portfolio of premium slots, crash games, and table games to players across 40+ states, including key markets such as California, New York, and Florida.
Golden Matrix (GMGI) Integrates with Second U.S. Sweepstakes Operator
Neutral
GlobeNewsWire
1 week ago
Meridianbet Listed on Oracle's Global Tech Reference Page
VALLETTA, Malta, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI) has been featured on Oracle's Global Reference Page—a dedicated platform showcasing the most advanced, high-impact projects implemented with Oracle technology, a global leader in enterprise tech powering the world's top businesses. This makes Meridianbet the first and only betting company from Southeast Europe to receive this recognition for its AI-driven approach to customer engagement, automation, and scalable marketing solutions.
Meridianbet Listed on Oracle's Global Tech Reference Page
Neutral
Newsfile Corp
1 week ago
Meridianbet (GMGI) Listed on Oracle's Global Tech Reference Page
Las Vegas, Nevada--(Newsfile Corp. - February 7, 2025) - Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI) has been featured on Oracle's Global Customer Reference Page--a dedicated platform showcasing the most advanced, high-impact projects implemented with Oracle technology, a global leader in enterprise tech powering the world's top businesses. To view the full announcement, including downloadable images, bios, and more, click here.
Meridianbet (GMGI) Listed on Oracle's Global Tech Reference Page
Neutral
Newsfile Corp
1 month ago
GMGI's Expanse Doubles U.S. Sweepstakes Game Lineup
Las Vegas, Nevada--(Newsfile Corp. - January 17, 2025) - Expanse Studios, the in-house development division of Golden Matrix Group Inc. (NASDAQ: GMGI), continues to strengthen its position at the US. In just a few weeks since entering the U.S. sweepstakes casino market in late 2024, Expanse Studios has doubled the number of games it supplies, underscoring its rapid growth and ability to deliver high-quality gaming solutions.
GMGI's Expanse Doubles U.S. Sweepstakes Game Lineup
Neutral
Newsfile Corp
1 month ago
Golden Matrix Group (GMGI): Previews its 2025 Gaming Business Opportunity; Positioned for Growth in High-Potential Markets Due to Proprietary Tech Leadership
Las Vegas, Nevada--(Newsfile Corp. - December 31, 2024) - Golden Matrix Group (NASDAQ: GMGI), today announced a preview of its 2025 business growth opportunities in the gaming and technology sectors. This follows its year-to-date revenue growth of 55% to $105.3M, robust gross margins consistently above 55%, and a Price-to-Sales (P/S) ratio of 1.88.
Golden Matrix Group (GMGI): Previews its 2025 Gaming Business Opportunity; Positioned for Growth in High-Potential Markets Due to Proprietary Tech Leadership
Neutral
GlobeNewsWire
1 month ago
Golden Matrix Group Resumes Stock Repurchase Program
LAS VEGAS, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that it has resumed its existing stock repurchase program.
Golden Matrix Group Resumes Stock Repurchase Program
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