Golden Matrix Group Inc. (GMGI)

[IAmTopG]

This is a VERY significance progress in GMGI business development.

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.