Friday, June 21, 2019 2:07:08 PM
Golden Matrix's Exclusive Online Chinese Table Games Generating Over $350,000 USD in Daily Wagering
For the past 9 mnths ending in April 2019, GMGI generates slightly over $2 Millions in Revenue resulting in slightly over $1 millions in Net Profit.
The latest news can easily double or triple that number and here is IMO why:
Daily Wagering of $350,000 translates to $127.75 Millions Annually.
If GMGI takes 3% Cut, that translates to $3.83 Millions in additional revenue
If GMGI takes 5% Cut, that translates to $6.38 Millions in additional revenue
If GMGI takes 10% Cut, that translates to $12.77 Millions in additional revenue
Lets assume they are going to make $3 Millions for the year and generating $1.5 millions Net Profit for now (without this additional revenue from 3K gaming).
Lets take the middle number 5% (Cut percentage) and 50% profit margin, that would translates to $3.19 Millions additional Net Profit to the bottom line. We are looking at Net Profit of $4.69 Millions and if we are to assume PE of 20
Price per Shares = 20*$4.69Millions/ 2.8 Billion Shares = $0.033 per share
Number of registered user on the apps is only going to increase (I hope – This is China with 1.4 billions of people after all) and this does not take into account any possibility of additional income from Casino operations. This is BIGGER than casino revenue GMGI has relied on so far. Just my opinion.
Recent GMGI News
- Golden Matrix Group Subsidiary Expanse Studios Enters New Market Segment With Launch of First Social Casino Game • GlobeNewswire Inc. • 09/18/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 08:19:57 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/12/2024 08:19:02 PM
- Golden Matrix Group Reports Record-Breaking August Performance by Subsidiary Meridianbet • GlobeNewswire Inc. • 09/12/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 01:33:58 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2024 10:14:27 AM
- Golden Matrix Group Inc. Announces Debt Conversion by Meridianbet Founder to Equity • GlobeNewswire Inc. • 09/10/2024 12:00:00 PM
- Golden Matrix Group Introduces Version 2.0 of Its AI-Powered Casino Game Recommender • GlobeNewswire Inc. • 09/04/2024 12:00:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 08/29/2024 08:15:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 12:39:59 AM
- Golden Matrix Group Provides Update on Entering U.S. Market and Expansion Into Additional European Markets • GlobeNewswire Inc. • 08/28/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 12:00:13 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 08/26/2024 09:09:17 PM
- Golden Matrix Group Subsidiary Meridianbet Shortlisted for Exclusive Sports Betting and iGaming License in Brazil • GlobeNewswire Inc. • 08/26/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 01:00:39 PM
- Golden Matrix Announces Participation in Benzinga All-Access Interview • GlobeNewswire Inc. • 08/20/2024 01:00:00 PM
- Golden Matrix Enters Into Definitive Agreement to Acquire a Controlling Interest in Australian-Based Classics for a Cause • GlobeNewswire Inc. • 08/20/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 12:30:31 PM
- Golden Matrix Group Announces Strong Second Quarter Financial Results • GlobeNewswire Inc. • 08/13/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 11:00:53 AM
- Golden Matrix Group to Announce Second Quarter Financial Results on August 13th • GlobeNewswire Inc. • 08/08/2024 12:00:00 PM
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