Golden Matrix Group Inc (GMGI)

[JMMatthews]

LAS VEGAS, NV, Dec. 17, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Golden Matrix Group Inc. (OTCPK: GMGI) a technology-driven company that designs and develops social gaming platforms, systems and gaming content, today said its operating results continue to improve, with revenues of $258,523 in November up 12.6% on revenues of $229,604 in October. Further, the company said two primary growth drivers associated with rising revenue - gaming operators and registered users – have “increased steadily” throughout the second half of 2018.

Golden Matrix revenues are derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region and integrated with the company’s state-of-the-art GM-X platform. Currently there are 186 active operators and more than 1.5 million registered users across all gaming operator/GM-X platforms.

“The appeal of our technology and exceptional content naturally attract more gaming operators and their customers,” said Golden Matrix CEO Anthony Goodman. “The GM-X platform provides our operators with multiple functionalities, including customer acquisition/retention and back-end management, and the ability to add more content as needed. We believe Golden Matrix is positioned to maintain its strong revenue growth, with positive cash flow and rising profitability; and we expect this trend to continue for the foreseeable future.”

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