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Wednesday, January 22, 2020 8:40:30 PM
a. CEO is highly confident and knowledgeable. He seemed relaxed and honest, knowing the nuts and bolts of the gaming business. He ran one of the largest online gaming in the USA in the 90s and early 2000 before closing down due to US federal law prohibiting online gaming (gambling), under UIGEA. Thus, the focus of the company for now is Asia Pacific, with potentially accessing the US market through sports betting as described in element "d" below. https://en.wikipedia.org/wiki/Unlawful_Internet_Gambling_Enforcement_Act_of_2006
b. CEO is well connected with Executive Management in MACAU such as Wynn Hotel and Casino.
c. 11 million users are using the GM-X Platform. The platform supports one million user at the same time.
d. GMGI is in the process of purchasing a US Fantasy Online entity where it can be easily upgraded for sports betting in the USA as the law being modified after US supreme court lifted the ban on sports betting. State-to-State online betting will need further upgrading. https://www.businessinsider.com/states-where-sports-betting-legal-usa-2019-7
e. GMGI is signing a contract/agreement with the largest gaming distributor in Asia Pacific. We should hear about this in the next couple of weeks or so. They are also providing a product of their own to be distributed with higher revenue stream in addition to their GM-X Platform.....This is Big
f. GMGI is in the process of signing a LOI with a government licensed lottery company 10 to 15 times its size. The integration will be based on performance-based share payment....This is way too big where the company will uplist after such integration.
g. Q/2020 is underway til January 31, 2020. It looks good but a better assessment will be completed after it ends. This week is critical because of the Chinese New Year. Due to the CoronaVirus, people seem to be staying home and doing online gaming instead. This will likely boost the business at the end of the current quarter.
Finally, in answering one of the questions, the CEO thinks that the company market cap should be 10 to 15 times its current size. The company platform is unique for the Asia Pacific market.
Of course there are more details that you listen to it yourself here:
https://www.goldenmatrix.com/presentations.html
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