Latest news with #GoldenMatrixGroup
Associated Press
30-05-2025
- Business
- Associated Press
GMGI Insider Buying: Group CFO Picks Up 10,000 Shares
Las Vegas, Nevada--(Newsfile Corp. - May 30, 2025) - Golden Matrix Group Inc. (NASDAQ: GMGI), a global provider of iGaming and sportsbook technology, announced an insider purchase of 10,000 GMGI shares at $1.36 per share, as disclosed in a recent SEC Form 4 filing dated May 27, 2025. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Golden Matrix Group (NASDAQ: GMGI) Golden Matrix Group Inc. develops and distributes proprietary gaming platforms, sports betting solutions, and promotional games across over 25 international markets. Its portfolio includes Meridianbet, Expanse Studios, GMAG, R Kings Competitions, and Classics for a Cause. Contacts: Milan Koricanac [email protected] Source: Meridianbet Group To view the source version of this press release, please visit
Associated Press
23-05-2025
- Business
- Associated Press
Argus Research Reaffirms $200M 2025 Revenue Forecast for Golden Matrix (GMGI)
Las Vegas, Nevada--(Newsfile Corp. - May 23, 2025) - Argus Research has issued an updated equity research report about Golden Matrix Group Inc. (NASDAQ: GMGI), reiterating its fair value estimate for GMGI shares. The report highlights significant upside potential relative to current trading levels and forecasts continued revenue growth and operational expansion across key global markets. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Golden Matrix Group Golden Matrix Group, based in Las Vegas, NV, 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, while its B2C division, including Meridianbet, operates regulated online sports betting and gaming sites. Connect with us: X - Instagram - Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding revenue forecasts, market expansion, and valuation targets. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements speak only as of the date they are made, and Golden Matrix undertakes no obligation to update or revise them. Factors that may affect these results include but are not limited to, changes in market conditions, regulatory developments, operational execution, and other risks detailed in the company's filings with the U.S. Securities and Exchange Commission. Contacts: Milan Koricanac [email protected] Source: Meridianbet Group To view the source version of this press release, please visit
Yahoo
23-05-2025
- Business
- Yahoo
Argus Research Reaffirms $200M 2025 Revenue Forecast for Golden Matrix (GMGI)
Las Vegas, Nevada--(Newsfile Corp. - May 23, 2025) - Argus Research has issued an updated equity research report about Golden Matrix Group Inc. (NASDAQ: GMGI), reiterating its fair value estimate for GMGI shares. The report highlights significant upside potential relative to current trading levels and forecasts continued revenue growth and operational expansion across key global markets. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: 2025E revenue of $200M, supported by new market entries and AI-driven platform performance Balance sheet strengthened via debt reduction and equitization of acquisition obligations Click image above to view full announcement. About Golden Matrix Group Golden Matrix Group, based in Las Vegas, NV, 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, while its B2C division, including Meridianbet, operates regulated online sports betting and gaming sites. Connect with us:X - - Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding revenue forecasts, market expansion, and valuation targets. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements speak only as of the date they are made, and Golden Matrix undertakes no obligation to update or revise them. Factors that may affect these results include but are not limited to, changes in market conditions, regulatory developments, operational execution, and other risks detailed in the company's filings with the U.S. Securities and Exchange Commission. Contacts: Milan Koricanac Source: Meridianbet Group To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Golden Matrix Group (GMGI) to Participate in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow" Presented by Maxim Group LLC on Tuesday, June 3rd - Thursday, June 5th at 9:00 a.m. EDT
LAS VEGAS, NV - May 22, 2025 (NEWMEDIAWIRE) - Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix", "GMGI" or the "Company"), a leading developer and licensor of online gaming platforms, systems, and content,, announced today that Company CEO Brian Goodman has been invited to present at the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow," presented by Maxim Group LLC, on Tuesday, June 3rd Thursday, June 5th at 9:00 a.m. EDT Golden Matrix Group will be taking part in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow." The rapid evolution of technology is paving the way for disruption across all industries, including healthcare, drones, consumer IoT, business solutions, gaming & entertainment, and more. In Maxim's 2025 Virtual Tech Conference, we will explore how emerging growth companies are expanding their use of Quantum Computing and Artificial Intelligence (AI) to position themselves for the future. Maxim Senior Analysts will facilitate engaging dialogues with CEOs and key management of diverse companies who have their attention on technology and how it will impact and grow their business. This conference will be live on M-Vest. To attend, sign up to become an M-Vest member. Click here to learn more and reserve your seat About Golden Matrix Group Golden Matrix Group, based in Las Vegas, NV, 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, while its B2C division, including Meridianbet, operates regulated online sports betting and gaming sites. Connect with us: X - - Investors:Brett Press:Greg About Maxim Group LLC Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit FORWARD-LOOKING STATEMENTS Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the ability of the Company to obtain the funding required to pay certain Meridianbet Group acquisition post-closing obligations, the terms of such funding, potential dilution caused thereby and/or covenants agreed to in connection therewith; potential lawsuits regarding the acquisition; dilution caused by the terms of the Note and Warrant, the Company's ability to pay amounts due under the Note and covenants associated therewith and penalties which could be due under the Note and securities purchase agreement for failure to comply with the terms thereof; the business, economic and political conditions in the markets in which the Company operates; the effect on the Company and its operations of the ongoing Ukraine/Russia conflict and the conflict in Israel, changing interest rates and inflation, and risks of recessions; the need for additional financing, the terms of such financing and the availability of such financing; the ability of the Company and/or its subsidiaries to obtain additional gaming licenses; the ability of the Company to manage growth; the Company's ability to complete acquisitions and the availability of funding for such acquisitions; disruptions caused by acquisitions; dilution caused by fund raising, the conversion of outstanding preferred stock, convertible securities and/or acquisitions; the Company's ability to maintain the listing of its common stock on the Nasdaq Capital Market; the Company's expectations for future growth, revenues, and profitability; the Company's expectations regarding future plans and timing thereof; the Company's reliance on its management; the fact that the sellers of the Meridianbet Group hold voting control over the Company; related party relationships; the potential effect of economic downturns, recessions, increases in interest rates and inflation, and market conditions, decreases in discretionary spending and therefore demand for our products and services, and increases in the cost of capital, related thereto, among other affects thereof, on the Company's operations and prospects; the Company's ability to protect proprietary information; the ability of the Company to compete in its market; the effect of current and future regulation, the Company's ability to comply with regulations and potential penalties in the event it fails to comply with such regulations and changes in the enforcement and interpretation of existing laws and regulations and the adoption of new laws and regulations that may unfavorably impact our business; the risks associated with gaming fraud, user cheating and cyber-attacks; risks associated with systems failures and failures of technology and infrastructure on which the Company's programs rely; foreign exchange and currency risks; the outcome of contingencies, including legal proceedings in the normal course of business; the ability to compete against existing and new competitors; the ability to manage expenses associated with sales and marketing and necessary general and administrative and technology investments; and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company's products, including potential recessions and global economic slowdowns. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this press release are reasonable, we provide no assurance that these plans, intentions or expectations will be achieved. Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company's publicly-filed reports, including, but not limited to, under the "Special Note Regarding Forward-Looking Statements," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended October 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended January 31, 2024, and future periodic reports on Form 10-K and Form 10Q. These reports are available at Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
A Quiet Green Revolution of Meridianbet (Golden Matrix Group): 80 Sustainability Projects in Q1 2025 Only
A Public Company's Grassroots Approach to Ecology and Sustainability Meridianbet Ecology Projects 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 Gora MTB Marathon in Serbia, where the company served as the main sponsor. Combining sport, recreation, and ecological action, Meridian employees and volunteers led a large-scale effort to clean forest trails and protect one of the country's most treasured national parks. This event — driven by both Meridian and the Meridian Foundation — illustrates the company's belief that environmental care is not just a corporate checkbox, but a shared social responsibility. 'Today's action isn't just symbolic — it shows how small acts, done together, can drive real change,' said Jovan Ignjatović, Meridian Foundation representative. From Local Action to Regional Inspiration The success of the Fruška Gora initiative sparked similar efforts in other markets the country operates. One landmark example is Tanzania, where local CSR teams embraced the same environmental values. What began as a local cleanup grew into a multi-country movement, strengthening community ties and spreading ecological awareness across borders. Epic Trail: Connecting Nature, Sports, Community - and Brand Trust As part of almost 300 community-focused campaigns carried out in 2024, Meridianbet also organized the Epic Trail — a sports and recreation event that brought together runners, cyclists, and local communities across several markets where the company operates. The campaign aimed to promote healthy lifestyles, social inclusion, and long-term brand trust through direct engagement on the ground. This initiative is another example of how Meridianbet builds its presence not just through numbers, but through real, measurable social impact. A Broader ESG Vision While Q1 2025 activities focused heavily on ecology, both Meridianbet and its parent company Golden Matrix Group see sustainability as a long-term global mandate. Future campaigns will target greenhouse gas reduction, biodiversity protection, waste minimization, and the promotion of innovative green technologies. Leading the Way in Responsible Business Through these efforts, Meridianbet is not only supporting the communities it serves — it is also positioning itself as a global role model for environmentally conscious gaming. As part of a publicly listed company, these programs form an integral part of Golden Matrix Group's ESG strategy, aligning growth with positive global impact. Meridianbet is part of the publicly listed Golden Matrix Group (NASDAQ: GMGI) About Meridianbet Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America. Its proprietary technology and scalable systems allow for multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming. Meridianbet is a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI). For more information, visit or contact ir@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
