Brian Goodman, CEO of Golden Matrix, Inc., on how the innovation behind the Nasdaq-listed gaming technology developer keeps it one step ahead of rivals.
Nasdaq-listed Golden Matrix Group, Inc. (NASDAQ: GMGI) is a leading gaming technology provider specializing in both B2B and B2C solutions across the Americas, Europe, and Africa. The company develops and licenses online gaming platforms, systems, and gaming content, offering configurable and scalable iGaming platforms that include casino, sportsbook, and competition products across 21 licensed jurisdictions globally.
In recent developments, Golden Matrix's subsidiary, Meridianbet, has entered the final phase of obtaining a gaming license in Brazil, marking a significant step into one of the world's most promising gaming markets. Additionally, Meridianbet has strengthened its strategic partnership with Euroleague basketball team Crvena Zvezda by securing the league's first logo integration deal.
Financially, Golden Matrix reported robust growth in its third-quarter 2024 earnings, with year-to-date revenue up 55% to $105.3 million.
In this interview, industry veteran and CEO Brian Goodman talks to focusIR about the strategy driving the company’s profitable expansion.
In this interview, investors will hear:
- How changing regulatory attitudes towards gaming have created a global opportunity for innovative gaming companies to expand profitably.
- The importance of being at the forefront of technological innovation in the gaming industry to lower the cost of player acquisition and improve retention rates, through tools such as real-time odds generation and bet recommenders.
- The opportunities opened up by the application of Artificial Intelligence in gaming, particularly around the management of hue of volumes of data to generate player insights.
- Opportunities for further expansion around the world, including recent progress obtaining a gaming licence in the huge Brazilian market, one of the largest gaming jurisdictions in the world.
- How the company plans to leverage its leading platform to drive sustained growth.
Reasons to add Golden Matrix, Inc. to you watchlist:
- Diversified operations across 21 jurisdiction and multiple gaming products, as well as a B2B operation selling technology to third parties.
- Cautious expansion via acquisition (Meridien) and regional partnerships with locally-recognised operator with a view to acquiring them.
- Industry-leading technology platform, underpinning rapid top line growth alongside consistent profitability and cash generation.
Brian Goodman, CEO of Golden Matrix, Inc., was interviewed by John Hughman for focusIR
