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"The online operators and Philippines licensees are picking up most of these players,” said Ader, who was a top-ranked gaming analyst at Bear Stearns for more than a decade. “I think it’s a wake-up call, not just in Asia but in the U.S. …
He said "governments in Asia should note that the trend in Europe and the U.S. is to legalize online gambling and implement higher taxes and more regulation."
“In Asia all this is lost business and tax revenue. Legalize it, tax it ... allow the Macau licensees to participate,” Ader said.
“Daily online gambling is up 90% over the Lunar New Year holiday compared to last year,” Ader told CNBC’s “Squawk Box” on Tuesday. “That’s an unbelievable number, and it raises the issue of should land-based operators be converging around the world with online operators. That’s really the growing trend,” he said.
A very good point nbketz, many are already turning to their mobile devices and avoiding crowds. It is very unfortunate, but true, the Virus is a positive in this case for online casino gambling and GMGI.
I have no issue with this Red. I do the DD for myself always, no reason not to share the information. When investors know more, they make better decisions. Thanks.
As I continue to research (GMGI) Golden Matrix and it's industry, it becomes more and more obvious the massive potential it has. The internet has brought the world together in mobile online gambling, it has turned into a business worth billions of dollars. Casinos in the Asian Pacific have surpassed the annual gambling revenue of Las Vegas. Last year the gambling market in China, including Macau would hit many times that of Las Vegas. Billions and billions of dollars. Now 5G is expanding the online casino gambling in giant leaps throughout APAC and China like never before!
This all kicked off the potential legalization of gambling all across the Asian Pacific. As a result, Asia Pacific (APAC) is the largest world gambling market right now. Since the online gambling market keeps its pace with each passing year, the future is optimistic. GMGI remains perfectly posed to grow with this huge market.
Many other countries in the APAC Region want a piece of the action, governments want a piece of the great tax benefits and funds they need. Money, the great motivator. Even Japan and India recognize that opportunity. Plus the "down under" Australia and a dozen other countries do not want to be left out. GMGI is ahead of the curve with their innovative platform and state of the art software.
The 150 Casino Operators that GMGI has and the 11 million registered users, plus countless new and interactive games continue to make GMGI stronger. Now 5G will expand their GMGI base and improve the graphics, speed, and their reach though out Asia. 2.5 billion registered smart phones and growing, all potential new customers.
Golden Matrix Group pioneers highly modular, configurable and scalable social gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label social gaming platform is unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems and web browsers. In addition, Golden Matrix’s platform enhances their client’s ability to cater to various gaming scenarios including but not limited to transaction management and a range of loyalty/reward programs. Moreover, user engagement is optimized through our ability to accommodate both free and cost to play games.
I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are RARE opportunities like GMGI Golden Matrix.
Indeed!
5G is busting out all over China-APAC, how will it benefit those who play online casino games? This means that online casino sites that offer video slots and live versions of poker and roulette will be able to polish up these offerings to resemble the speeds and quality of the top-level console games, no matter where you are playing from.
One of the latest developments in the world of technology has been the steady rollout of 5G. The technology refers to the fact that 5G is 100 times faster than 4G, the current standard, and can reach speeds of 100 gigabits per second. 5G has been pegged as one of the biggest tech coups of the decade.
https://www.casinolifemagazine.com/blog/how-will-5g-affect-online-casino
Online Gambling, Betting Market Growth, Trends, Absolute Opportunity and Value Chain 2018-2026
Technological advancements such as secured payment options and high speed internet connection are major factors for use of mobile phones for gambling and betting. Furthermore, online gaming providers are providing easy to operate mobile applications, which will drive growth of the online gambling and betting market in the near future.
https://www.marketwatch.com/press-release/online-gambling-and-betting-market-growth-trends-absolute-opportunity-and-value-chain-2018-2026-2019-03-18
Asia-Pacific Region to Lead Online Gaming Growth Heading into 2025
The Asia-Pacific region will be the driving force behind the future growth of online gaming, according to a new report issued by analysts at Market Research Future. According to Statista, there are now more than 1.4 billion smartphones in Asia, and over 2 billion when the Pacific region is included. As online poker operators target countries such as the Philippines and India, access to mobile gaming will become increasingly important.
https://www.cardschat.com/news/asia-pacific-region-to-lead-online-gaming-growth-86325
I'm confident Brian is accumulating "cash" in the bank for a strategic reason.
Tons of Great news. Partnerships, keeps getting better!
Golden Matrix has Recorded Nine Straight Quarter of Rising Revenues now.
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-GMGI/stock-news/80907911/golden-matrix-on-track-to-record-seventh-straight
Golden Matrix to Provide Company's GM-X System to One of Asia's Largest B2B Gaming Distributors
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-GMGI/stock-news/80661037/golden-matrix-to-provide-companys-gm-x-system-to-o
GMGI Golden Matrix Sees “Continued and Significant” Revenue Growth Aided by Recently Added Chinese Traditional Gaming Portfolio
https://finance.yahoo.com/news/golden-matrix-reports-q4-revenue-132000343.html
Golden Matrix on Track to Record Sixth Straight Quarter of Rising Revenues
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-
GMGI/stock-news/80346727/golden-matrix-on-track-to-record-sixth-straight-qu
Golden Matrix's Exclusive Online Chinese Table Games Generating Over $350,000 in Daily Wagering
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-
Golden Matrix Reports Net Income of $279,323 on Revenues of $737,169 for the Third Fiscal Quarter of 2019
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-GMGI/stock-news/80070303/golden-matrix-reports-net-income-of-279-323-on-re
The Rise of Online Gambling Market In the APAC Region
https://dazeinfo.com/2019/01/11/online-gambling-market-apac-growth/
The upcoming potential "partnerships" are a very positive move. I'm pleased the major pending deal is going to be done with shares. Although GMGI has a couple mil in cash, its not enough for this deal. The other company is about 10-15 times the size of GMGI. GMGI has technology "they" want and GMGI wants the expansion and larger revenues.
Looks like great expansion of GMGI registered users too, 10 fold has occurred. GMGI now has about 11 million registered users! Golden Matrix is totally scalable at low costs and overhead. New games coming too. Sounds like we should get an update on the pending quarters revenues next week as well!
Even though Golden Matrix has third party auditing, I believe the involvement of another company, one of the largest in APAC brings great credibility to GMGI. The real deal. Our CEO is obviously an Aussie, and I believe the CFO is Asian, and has worked perhaps a decade with Brian in other areas. I see this as a positive as well.
All in all, it appears it will be a great 2020 Spring. I am Long and holding.
I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are rare opportunities like (GMGI) Golden Matrix Group.
Good morning! Look at that wide spread?
Companies file Schedules 13D and 13G to disclose outside beneficial ownership information of more than 5% of a company's stock issue.
Stock owners file Forms to disclose insider beneficial ownership when they have more than 10% of voting power.
I believe board members are "elected".
Good morning.
Good advice nbketz4! Ethics? What goes around, comes around. $GMGI
Personally. I prefer facts over lies. It is the fundamental reason that the due diligence needs to be done deeply and accurately. I also prefer a standard of ethics. GMGI has made a great amount of information available to us. Use your technical skills to time your transactions, and the fundamentals to make your choices. Keep a close watch on the behavior and do your own homework, then you can make the better decisions. It's all often driven by fear and greed. The more facts you know, the better you are in charge of your Golden Matrix decisions.
Good morning everyone. Keep in mind when posting, opinions are fine. However, if you are posting a "fact" pro or con, you may have to reference your source. If not, your post will be deleted. Continued offenders, may be deleted themselves.
Keep it friendly folks, and keep it honest.
It's the fundamentals that will win in the end, it always does. Golden Matric GMGI has the best numbers in the penny game. I will continue to accumulate on the dips, whenever the gift is offered.
Too many false assumptions. Today's action will start with selling on the news. No surprise there. Any talk of the Nasdaq was introduced by shareholders. No need for a reverse split either, no benefit to the company. MMs will go along, so they can buy cheap and make some cash too today. Earnings for the quarter will be out soon. Registered users has increased tremendously to 11 million with a billion in potential still to go. New games coming out soon, and continued increased earnings.
GMGI continues to be the best opportunity, show me another "penny" stock with a PE value, 9 quarters of earnings, no toxic debt, and millions in the bank. Not to mention being part of an explosive industry, with opportunities on their plate.
At these prices, I am still a Buyer and will continue to accumulate.
I was referring to the "software" not hardware. As I understand, GMGI has unique software. I will look and listen again. :)
This upcoming "partnership" appears a very positive move. I'm pleased the major pending deal is going to be done with shares. Although GMGI has a couple mil in cash, its not enough for this deal. The other company is about 10-15 times the size of GMGI. GMGI has technology "they" want and GMGI wants the expansion and larger revenues.
Looks like great expansion of GMGI registered users too, 10 fold has occurred. GMGI now has about 11 million registered users! Golden Matrix is totally scalable at low costs and overhead. New games coming too. Sounds like we should get an update on the pending quarters revenues next week as well!
Even though Golden Matrix has third party auditing, I believe the involvement of another company, one of the largest in APAC brings great credibility to GMGI. The real deal. Our CEO is obviously an Aussie, and I believe the CFO is Asian, and has worked perhaps a decade with Brian in other areas. I see this as a positive as well.
All in all, it appears it will be a great 2020 Spring. I am Long and holding.
I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are rare opportunities like (GMGI) Golden Matrix Group.
Should be here soon. https://goldenmatrix.com/presentations.html
A well invested 30k or so.
Good morning, locked and loaded :)
I honestly predict, GMGI will flirt with a dollar in 2020.
New highs this week.
Good morning, looks like we'll see a breakout this morning :)
Up over +18% just on the news of the coming conference call this Wednesday.
Don't forget, market is closed Monday.
Indeed!
Good morning everyone! Still Long and Strong :)
Good morning. All true and correct. However I can show you countless stocks making NO money trading for dollars. So, the upside to fair value can, and often is higher. GMGI NEEDS to get above one penny, and apply for a OTC Tier upgrade to QB. This exposes it to a much wider audience of investors; including Institutional banks, brokerages and group investors. They have 9 quarters of growth, cash in the bank, high cash flow, and cash in the bank. In an industry busting with growth as well.
More comic relief. Buy on the dips.
Good morning!
Online gambling and betting sites are ruling the roost and calling the shots.
It is key to understand the more people GMGI reaches through mobile devices in the APAC region, the larger the growth of their customer base. Skyrocketing smartphone adoption rates have made Asia Pacific one of the largest mobile markets in the world. Gambling is a really big deal in the Asia Pacific region (APAC) and worth several billion dollars. Indeed it has been noted that higher gambling revenues are generated in the APAC region than on the Las Vegas strip.
More than half of the world’s mobile subscribers live in Asia Pacific, which is home to the world’s two largest mobile markets, China and India. At the end of last year, there were 2.7 billion unique mobile subscribers3 in Asia, equivalent to about 67 per cent of region’s population. This number is forecast to grow to 3.2 billion (73 per cent of population) by 2025, with about half of the new subscribers added over this period coming from India.
SHANGHAI, CHINA- China Mobile, the world’s largest mobile operator, has plans to deploy 5G commercial cities in over 50 cities across China by the end of this year, the company announced on the sidelines of Mobile World Congress 2019 Shanghai.
The carrier said that it aims to deploy over 50,000 5G base stations across China this year.
The company aims to expand the 5G commercial services to all Chinese cities above the prefecture level by 2020.
What has been the biggest reason why the gambling industry and casinos are undergoing so much change is because of smartphone penetration. Today more than casinos, online gambling and betting sites are ruling the roost and calling the shots. According to Online Gambling Quarterly, 61% of gambling operators’ revenue comes via mobile devices.
I think a share "buyback" would be wasting, throwing away cash. A share reduction, yes. I believe a healthy acquisition makes the most sense for share value and movement.
Good morning everyone, pleasant 2020. Buy, buy, buy:)
Looks like we are moving up on strong volume this Friday morning. Interesting.
Good morning!
GMGI customers and potential new ones are on smart phones and mobile devices across Asia. You think GMGI field of customers is big now?
Asia Set to Become World’s Largest 5G Region
https://www.gsma.com/newsroom/press-release/gsma-asia-set-to-become-worlds-largest-5g-region-by-2025/
Asia-Pacific 5G Market – Global Trends, market Share, Growth, Opportunity
https://www.marketwatch.com/press-release/asia-pacific-5g-market-global-trends-market-share-growth-opportunity-and-2023-2019-09-18
SHANGHAI, CHINA- China Mobile, the world’s largest mobile operator, has plans to deploy 5G commercial cities in over 50 cities across China by the end of this year
https://www.rcrwireless.com/20190626/5g/china-mobile-launch-5g-50-cities-china-end-2019