Golden Matrix Group, Inc. (GMGI)
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- symbol GMGI
- Rev/Share 1.2817
- Book/Share 0.9093
- PB 0.9155
- Debt/Equity 0.2102
- CurrentRatio 0.6077
- ROIC -0.0184
- MktCap 113983749.0
- FreeCF/Share 0.1074
- PFCF 7.5949
- PE -21.0215
- Debt/Assets 0.1238
- DivYield 0
- ROE -0.0469
- Rating B-
- Score 3
- Recommendation Neutral
- P/E Score 1
- DCF Score 5
- P/B Score 4
- D/E Score 3
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Initiation | GMGI | Maxim Group | -- | Buy | -- | $4 | Feb. 21, 2025 |
News
Meridianbet (GMGI) Launches Proprietary Flash Bet Instant Sports Simulation Feature
Published: December 26, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta and LAS VEGAS, Dec. 26, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting operator and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), announces the launch of Flash Bet, a proprietary instant sports simulation feature that enables players to simulate real sports event outcomes with results delivered in seconds. Flash Bet allows players to place bets on simulated outcomes of actual sporting events with adjustable simulation speeds and real-time animated results.
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Expanse Studios (GMGI) Enters Belgian iGaming Market
Published: December 23, 2025 by: GlobeNewsWire
Sentiment: Neutral
Expanding European Distribution with Belgian Market Entry Through Golden Palace Partnership Expanding European Distribution with Belgian Market Entry Through Golden Palace Partnership
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Meridianbet (GMGI) Secures Belgian Online Casino License
Published: December 22, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting and gaming operator and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), announced it has secured a B+ online gaming license in Belgium (License B+ 4016), enabling the Company to offer online casino products in one of Europe's most regulated and mature gambling markets starting from January 2026. The B+ license authorizes Meridianbet to operate a comprehensive online casino platform offering slots, table games, and automated live games alongside its existing sports betting operations in Belgium, expanding beyond its seven-year sports betting presence in the Belgian market.
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Meridianbet (GMGI) Sponsors Top European MMA Championship
Published: December 19, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting and gaming operator and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), announced its title sponsorship of Fight Nation Championship (FNC 26), to be held on December 20, 2025, in Podgorica, Montenegro.
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Meridianbet Partners with BetBazar to Integrate Fast-Betting Content Across Global Sportsbook Markets
Published: December 17, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta and LAS VEGAS, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Meridianbet, a leading sports betting and gaming operator and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully integrated BetBazar's fast-betting esports and virtual sports content across its sportsbook platform in 18 licensed jurisdictions spanning Europe, Africa, and South America. The partnership adds in-house produced esports content—including eFootball, eBasketball, eHockey, and CS:GO—alongside table tennis tournaments across multiple leagues.
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Expanse Studios Launches Panda World Wide for New Year Promotional Season
Published: December 12, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta and LAS VEGAS, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, a B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced the launch of Panda World Wide, a New Year-themed slot game designed to support operator promotional campaigns during the Q4 2025 holiday season. The 3x3 slot features festive New Year imagery set in a celebration-themed cityscape with fireworks and seasonal elements, targeting the holiday promotional window when licensed operators historically increase marketing activity to drive player acquisition and reactivation campaigns.
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Meridianbet Reports Renewed Engagement in Custom Prediction Markets in H2 2025
Published: December 05, 2025 by: GlobeNewsWire
Sentiment: Neutral
Meridianbet highlights its Free Bet prediction markets, including top categories from the past five years and an 11.5% ticket activity increase in H2 2025
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Expanse Studios Secures Swedish B2B Gaming License
Published: December 02, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta and LAS VEGAS, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, a B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has been granted a software provider license by Spelinspektionen, Sweden's national gambling authority, authorizing the company to distribute gaming software to licensed operators in one of Europe's most mature and regulated iGaming markets.
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Expanse Studios Secures Romanian Class 2 B2B Gaming License
Published: December 01, 2025 by: GlobeNewsWire
Sentiment: Neutral
Expanse Studios secures Romanian ONJN Class 2 B2B license to distribute gaming content in €600M market, advancing GMGI's regulated European expansion
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Expanse Studios Signs Strategic Game Distribution Agreement with Admiral Bet
Published: November 28, 2025 by: GlobeNewsWire
Sentiment: Neutral
LAS VEGAS, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, the B2B iGaming content development arm of Golden Matrix Group Inc. (NASDAQ: GMGI), has signed a strategic European content partnership with AdmiralBet, a betting and gaming operator and member of the global Novomatic Group. The collaboration enables AdmiralBet to integrate and distribute a portfolio of Expanse Studios' top-performing proprietary titles, including Super Heli, Titan Roulette, 100 Super Icy, and Wild Icy Fruits, across its online platforms.
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Meridianbet Founder and Golden Matrix's Largest Shareholder Aleksandar Milovanovic Completes $8 Million Cash-to-Equity Conversion Under Post-Closing Agreement with Company
Published: November 28, 2025 by: GlobeNewsWire
Sentiment: Neutral
VALLETTA, Malta and LAS VEGAS, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Aleksandar Milovanović, founder and largest shareholder of Meridianbet, has elected to convert $8 million of cash consideration owed to him into equity, further strengthening the Company's balance sheet and demonstrating strong conviction in Golden Matrix's long-term growth trajectory. Under the terms of the conversion agreement Mr.
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Expanse Studios to Showcase Flagship iGaming Portfolio at G2E 2025 in Las Vegas
Published: October 01, 2025 by: GlobeNewsWire
Sentiment: Neutral
Expanse Studios to unveil new products & showcase 56-game portfolio at G2E Las Vegas (Oct 6-9). Visit Booth #4233 to explore partnership opportunities
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Expanse Studios Secures U.S. and EU Distribution Deal with Bragg Gaming
Published: July 22, 2025 by: GlobeNewsWire
Sentiment: Neutral
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.
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On World Blood Donor Day, Meridianbet Turns Its Annual Employee Drive into a Global CSR Tradition
Published: June 13, 2025 by: GlobeNewsWire
Sentiment: Neutral
Meridianbet marks World Blood Donor Day by expanding its annual employee-led blood drive into a global CSR tradition, reinforcing its long-term commitment
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Meridianbet Seals Sponsorship Deal with Aquatic Sports Association of Malta (ASA)
Published: June 04, 2025 by: GlobeNewsWire
Sentiment: Neutral
Two-year agreement expands Meridianbet and Golden Matrix's (GMGI) sports sponsorship portfolio across regulated European markets Two-year agreement expands Meridianbet and Golden Matrix's (GMGI) sports sponsorship portfolio across regulated European markets
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Golden Matrix Group Initiation: Strong Buy On Brazil Expansion And Raffle Growth
Published: May 30, 2025 by: Seeking Alpha
Sentiment: Positive
We initiate on Golden Matrix with a Strong Buy rating, driven by accelerating growth in Brazil and the hyper-growth Raffle segment, underappreciated by the market. Our implied valuation of USD$8 per share is based on a 4x forward EV/Sales multiple on our FY26E revenue estimate, suggests 362% upside. We estimate FY25E revenue of $205mn and FY26E revenue of $260mn, significantly above consensus.
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GMGI Insider Buying: Group CFO Picks Up 10,000 Shares
Published: May 30, 2025 by: Newsfile Corp
Sentiment: Neutral
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.
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Argus Research Reaffirms $200M 2025 Revenue Forecast for Golden Matrix (GMGI)
Published: May 23, 2025 by: Newsfile Corp
Sentiment: Neutral
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.
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A Quiet Green Revolution of Meridianbet (Golden Matrix Group): 80 Sustainability Projects in Q1 2025 Only
Published: May 22, 2025 by: GlobeNewsWire
Sentiment: Neutral
A Public Company's Grassroots Approach to Ecology and Sustainability A Public Company's Grassroots Approach to Ecology and Sustainability
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Expanse (GMGI) Completes Multiple U.S. Integrations and Launches New Flagship Slot
Published: May 16, 2025 by: Newsfile Corp
Sentiment: Neutral
Las Vegas, Nevada--(Newsfile Corp. - May 16, 2025) - Expanse Studios, the proprietary B2B game development unit of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed multiple new integrations across U.S.-focused social and sweepstakes casino platforms, alongside the official release of its newest flagship title, Gates of Olympia. To view the full announcement, including downloadable images, bios, and more, click here.
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Meridianbet (GMGI) Highlights 2024 Achievements Ahead of Full ESG Report Release
Published: April 22, 2025 by: Newsfile Corp
Sentiment: Neutral
Valletta, Malta--(Newsfile Corp. - April 22, 2025) - 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.
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Meridianbet (Golden Matrix) Highlights 2024 Achievements Ahead of Full ESG Report Release
Published: April 22, 2025 by: GlobeNewsWire
Sentiment: Neutral
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.
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Expanse Studios (GMGI) Enters Strategic Distribution Partnership with BetConstruct
Published: April 11, 2025 by: Newsfile Corp
Sentiment: Neutral
Valletta, Malta--(Newsfile Corp. - April 11, 2025) - Expanse Studios, the iGaming division of Golden Matrix Group Inc. (NASDAQ: GMGI), has announced a strategic partnership with BetConstruct, one of the globally leading iGaming aggregators and technology providers. To view the full announcement, including downloadable images, bios, and more, click here.
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Meridianbet (GMGI) Launches "Watch & Bet" -- New In-Play Feature to Accelerate User Monetization and Core Revenue Growth
Published: April 04, 2025 by: Newsfile Corp
Sentiment: Neutral
Valletta, Malta--(Newsfile Corp. - April 4, 2025) - Meridianbet, part of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced the launch of Watch & Bet, a new mobile feature that enables users to stream live sports in full-screen mode while placing in-play bets simultaneously. The feature is built to increase in-play betting volume, extend session duration, and drive higher revenue per active user, directly supporting growth in turnover, user value, and margin.
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Argus Research Initiates Equity Research Report Coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI)
Published: April 03, 2025 by: PRNewsWire
Sentiment: Neutral
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 products under B2B and B2C models.
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Expanse Studios (GMGI) Secures Brazilian iGaming Certification
Published: April 02, 2025 by: Newsfile Corp
Sentiment: Neutral
Las Vegas, Nevada--(Newsfile Corp. - April 2, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has received the game certification for the Brazilian market. Issued by Gaming Laboratories International (GLI).
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Expanse (GMGI) Strengthens European Presence with Slotino Integration
Published: March 17, 2025 by: Newsfile Corp
Sentiment: Neutral
Las Vegas, Nevada--(Newsfile Corp. - March 17, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its international expansion with a new partnership with Slotino, one of Bulgaria's leading online casino operators. Facilitated by Dench eGaming Solutions, this integration strengthens Expanse Studios' presence in Europe's fast-growing iGaming sector, following its successful entry into the U.S. social casino and sweepstakes market.
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Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration, Now Live with Yotta
Published: February 28, 2025 by: Newsfile Corp
Sentiment: Neutral
Las Vegas, Nevada--(Newsfile Corp. - February 28, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has officially launched its gaming content on Yotta, marking the fifth U.S. sweepstakes casino integration for the company. Yotta operates in 46 US states and has built a strong player base of over 900,000 users.
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Expanse Studios (GMGI) Completes 4th U.S. Sweepstakes Integration
Published: February 25, 2025 by: Newsfile Corp
Sentiment: Neutral
Las Vegas, Nevada--(Newsfile Corp. - February 25, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, further solidifying its presence across 40+ states. The latest partnership has been facilitated through Casimba Gaming and extended Expanse Studios' third-party distribution strategy, allowing its proprietary slots, crash games, and table games to reach an even broader network of regulated sweepstakes operators.
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Meridianbet Reports Over $9 Million in January 2025 Revenue, Achieving 24% YoY Growth
Published: February 11, 2025 by: GlobeNewsWire
Sentiment: Neutral
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).
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About Golden Matrix Group, Inc. (GMGI)
- IPO Date 2009-10-30
- Website https://www.goldenmatrix.com
- Industry Electronic Gaming & Multimedia
- CEO William Scott
- Employees 1200