Golden Matrix Group, Inc. (GMGI): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how Golden Matrix Group, Inc. (GMGI), a Nasdaq-listed company, navigates the dynamic world of iGaming?

With a diverse portfolio spanning B2B and B2C segments and brands like Meridianbet and RKings, GMGI has operations in over 20 regulated jurisdictions across Europe, Africa, Asia Pacific, and Latin America. But how did they get here, who steers the ship, and, most importantly, how does this gaming technology company generate revenue in such a competitive market? Keep reading to find out!

Golden Matrix Group, Inc. (GMGI) History

Golden Matrix Group, Inc. Founding Timeline

Year established

Golden Matrix Group, Inc. was established in 2009.

Original location

The company is headquartered in Las Vegas, Nevada.

Founding team members

The key figures involved in the company's founding and early development include:

• Anthony Goodman: Served as the Chief Executive Officer.
• Danny Wettreich: Held the position of Chief Financial Officer.

Initial capital/funding

Details regarding the initial capital and funding for Golden Matrix Group, Inc. are not available in the provided search results.

Golden Matrix Group, Inc. Evolution Milestones

Golden Matrix Group, Inc. Transformative Moments

• Strategic Focus on B2B Licensing: Transitioned to focus on developing and licensing gaming platforms, systems, and content, enhancing its market position.
• Key Acquisitions: The acquisitions of Multipay and RKings Competitions Ltd expanded the company's capabilities and market reach.
• Nasdaq Listing: Successfully listing on the Nasdaq Capital Market in 2023, enhancing visibility and access to capital.
• Financial Growth: Significant revenue and net income growth in fiscal year 2024, demonstrating successful execution of its strategic initiatives.

You might be also interested in: Mission Statement, Vision, & Core Values of Golden Matrix Group, Inc. (GMGI).

Golden Matrix Group, Inc. (GMGI) Ownership Structure

Understanding the ownership structure of Golden Matrix Group, Inc. (GMGI) is crucial for investors and stakeholders to grasp the distribution of control and influence within the company.

Golden Matrix Group, Inc. (GMGI) Current Status

As of April 2025, Golden Matrix Group, Inc. is a publicly traded company. It is important for stakeholders to stay informed by consulting the latest official filings and announcements from the company.

Golden Matrix Group, Inc. (GMGI) Ownership Breakdown

The ownership of Golden Matrix Group, Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and potentially insiders. Here's a general overview of the ownership breakdown based on the latest available information:

Golden Matrix Group, Inc. (GMGI) Leadership

The leadership team of Golden Matrix Group, Inc. plays a vital role in setting the strategic direction and overseeing the company's operations. As of April 2025, key members of the leadership team include:

• Anthony Goodman: Chief Executive Officer.
• Elias Galam: Chief Financial Officer.
• Danny Wasilewicz: Executive Director.

These individuals, along with other members of the executive team and board of directors, are responsible for guiding Golden Matrix Group, Inc. towards its strategic goals. For more insights into the company's direction, explore the Mission Statement, Vision, & Core Values of Golden Matrix Group, Inc. (GMGI).

Golden Matrix Group, Inc. (GMGI) Mission and Values

The company's mission is to create value for its shareholders by strategically acquiring and managing businesses in the online gaming industry, while adhering to the highest ethical and compliance standards. Mission Statement, Vision, & Core Values of Golden Matrix Group, Inc. (GMGI).

Golden Matrix Group, Inc. Core Purpose

Official mission statement

Golden Matrix Group, Inc. has the following mission statement:

• To create and maximize value for our shareholders.
• To become a global leader in the online gaming industry by acquiring and managing successful and profitable businesses.
• To operate with the highest ethical and compliance standards in all our business dealings.
• To foster a culture of innovation, collaboration, and excellence among our employees and partners.
• To contribute to the economic and social well-being of the communities in which we operate.

Vision statement

The vision of Golden Matrix Group, Inc. is to become a globally recognized and respected leader in the online gaming industry, known for its innovative technology, diverse portfolio of successful businesses, and commitment to ethical and responsible operations.

• To be the preferred partner for online gaming operators and entrepreneurs seeking growth and success.
• To be a trusted and reliable provider of online gaming solutions for players around the world.
• To be a socially responsible corporate citizen, committed to giving back to the communities in which we operate.
• To be an employer of choice, attracting and retaining the best talent in the industry.

Company slogan/tagline

Golden Matrix Group, Inc. does not have a single official slogan or tagline that is widely publicized. However, considering their business activities and overall mission, potential taglines could include:

• 'Innovating the Future of Online Gaming.'
• 'Your Winning Edge in Online Gaming Solutions.'
• 'Connecting the World Through Gaming Excellence.'

Golden Matrix Group, Inc. (GMGI) How It Works

Golden Matrix Group, Inc. (GMGI) operates as a developer and licensor of online gaming platforms, systems and tools, focusing on regulated markets. They provide turnkey and white label gaming platforms to both new and established iGaming operators.

Golden Matrix Group's Product/Service Portfolio

Golden Matrix Group's Operational Framework

GMGI's operational framework is centered around developing, licensing, and supporting its iGaming platforms. Here’s a breakdown:

• Platform Development: GMGI invests in the continuous development and enhancement of its GM-X platform to incorporate new features, games, and technologies.
• Licensing and White Label Services: The company provides licenses to operators, enabling them to utilize GMGI's platform under their own brand. This includes platform customization, integration of payment solutions, and access to game content.
• Content Aggregation: GMGI aggregates game content from various third-party providers, expanding the game selection available to its licensees.
• Technical Support: They offer ongoing technical support to their licensees, ensuring smooth platform operation and addressing any technical issues that may arise.
• Compliance and Regulation: GMGI assists its licensees in navigating the regulatory landscape of the iGaming industry, ensuring compliance with applicable laws and regulations.

For insights into GMGI's financial performance and stability, you can explore: Breaking Down Golden Matrix Group, Inc. (GMGI) Financial Health: Key Insights for Investors

Golden Matrix Group's Strategic Advantages

GMGI's strategic advantages include:

• Established Technology: GMGI's GM-X platform is a comprehensive and proven solution with a range of features and functionalities.
• Customization Options: GMGI offers customizable white-label solutions, allowing operators to create unique and branded gaming experiences.
• Content Library: Access to a wide array of games from various providers enhances the appeal of GMGI's platforms.
• Focus on Regulated Markets: GMGI targets regulated markets, which provides a more stable and sustainable business environment.
• Scalability: The company's platforms are designed to scale, accommodating the growth of its licensees' operations.

Golden Matrix Group, Inc. (GMGI) How It Makes Money

Golden Matrix Group, Inc. primarily generates revenue by licensing its online gaming platforms and providing related services to online gaming operators.

Golden Matrix Group, Inc.'s Revenue Breakdown

The revenue streams and their contribution to the total revenue may fluctuate depending on market conditions, strategic initiatives, and the expansion of the company’s partnerships. The latest data on the fiscal year is critical to provide exact percentages and growth trends.

Golden Matrix Group, Inc.'s Business Economics

The business economics of Golden Matrix Group, Inc. are influenced by several factors, including:

• Licensing Agreements: Revenue is significantly driven by the terms and volume of licensing agreements with operators.
• Market Expansion: Growth opportunities depend on entering new markets and expanding the company's global footprint.
• Technological Advancement: Continuous investment in technology is crucial to maintaining a competitive edge and attracting new clients.
• Regulatory Environment: Changes in regulations regarding online gaming can significantly impact operational costs and market access.

Golden Matrix Group, Inc.'s Financial Performance

Analyzing Golden Matrix Group, Inc.'s financial performance involves looking at key indicators that reflect the company’s operational efficiency and profitability.

• Revenue Growth: Indicates the rate at which the company is expanding its sales and market presence.
• Gross Margin: Shows the profitability of the company's core business activities, calculated as revenue less the cost of goods sold.
• Operating Income: Reflects the earnings from the company's operations before interest and taxes.
• Net Income: The final profit after all expenses, including taxes and interest, are deducted from total revenue.
• Cash Flow: Measures the amount of cash the company generates and uses, providing insight into its liquidity and financial health.

For more insights into Golden Matrix Group, Inc., explore: Exploring Golden Matrix Group, Inc. (GMGI) Investor Profile: Who’s Buying and Why?

Golden Matrix Group, Inc. (GMGI) Market Position & Future Outlook

As of April 2025, Golden Matrix Group, Inc. is strategically positioned to leverage its diverse portfolio of gaming platforms and strategic partnerships to enhance its market presence, while also navigating the inherent risks associated with the online gaming industry. The company's future outlook hinges on its ability to capitalize on emerging market opportunities and effectively manage potential challenges.

Competitive Landscape

Opportunities & Challenges

Industry Position

Golden Matrix Group, Inc. operates within the dynamic and competitive online gaming industry. Here's a snapshot of its industry positioning:

• The company focuses on the high-growth Asia-Pacific market, which presents significant opportunities but also intense competition.
• GMGI differentiates itself through its diverse portfolio of gaming platforms, including land-based and online social gaming.
• Strategic partnerships and acquisitions play a crucial role in expanding its market reach and product offerings.

For insights into the company's financial performance, see: Breaking Down Golden Matrix Group, Inc. (GMGI) Financial Health: Key Insights for Investors