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Thursday, August 22, 2019 9:06:23 AM
GMGI Golden Matrix Up strongly on 32M volume in trades while waiting on the Fiscal year Annual Report they decided to tease us with releasing earnings from just ONE of their 300 major licensed operator Casinos. Up 73% on Distributors Revenue Contribution in Previous Quarter.
Looks like their earlier forecast report for the TOTAL from the 300+ operator/distributors will be higher than expected. Due very soon.
Still sub penny, but not for long, IMO.
Company Sees “Continued and Significant” Revenue Growth Aided by Recently Added Chinese Traditional Gaming Portfolio
According to Golden Matrix CEO Anthony Goodman, “We are highly encouraged by this big uptick in revenue generation and contribution by REDLABEL, and we are confident they will continue to be an important source of revenue growth for Golden Matrix going forward. We can attribute the recently introduced Chinese Traditional Gaming (CTG) Portfolio to our total game offerings as a major factor, and we expect it to contribute to significant revenue growth for the foreseeable future.”
Mr. Goodman said Golden Matrix is currently integrating additional operators to increase game usage of the CTG Portfolio, and “in the coming weeks we expect to engage with one of the largest gaming distributors now operating in the APAC region.”
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 over 300 active operators and more than 1.5 million registered users across all gaming operator/GM-X platforms.
“The growth in demand for our platform demonstrates the stability, reliability and popularity of the GM-X system and its gaming content,” concluded Mr. Goodman. “We are pleased to be a go-to company for adding significant content value to distributors and their active user networks.”
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 opportunities.
About Golden Matrix
Golden Matrix Group, based in Las Vegas, NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications.
Twitter -https://twitter.com/GMGI_Group
Instagram - https://www.instagram.com/goldenmatrixgroup/
Golden Matrix Group
Tel: (702) 318-7548
Scott Yan
info@goldenmatrix.com
www.goldenmatrix.com
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