CEO Brian Goodman. "Going forward, we expect the company's market share to continue to improve. Additionally, the company is now positioned to expand operations and plans to enter new gaming-related markets, which will significantly increase revenues and profitability in 2020 and beyond." Bringing in a BIG partner that expands their base many fold will certainly raise morale, awareness, and PPS. Golden Matrix Group total assets as of January 31, 2020 increased to $3,717,558, up 24% from $3,005,050 at fiscal year-end 2019. Cash and cash equivalents totaled $1,856,505. Coronavirus is a ‘wake-up call’ for China, Macau casinos to embrace online gambling "Online gambling up 90%". GMGI is in all of APAC, a dozen or more Asian APAC countries!
When considering GMGI Golden Matrix Group, examine the broad picture and what is lining up. Major Asian countries, lead by China pushing 4G/5G Smartphones deeper into the country side and all major cities. Bringing online service virtually every where. Numbers in the Billions. All part of the APAC Region (Asia-Pacific) Macau, Singapore, Japan, Indonesia, India, South Korea, China, Vietnam, Thailand, Australia, and more that GMGI services. Over half the entire planet's people.
There's been and is massive expansion of gambling worldwide and across the Asia Pacific; including also Japan, Philippines, Taiwan, Macau, and India. In many of cases, Billions of dollars spent on sticks and bricks Casinos. Do you really think those major companies are going to take huge loses as the warm body counts decrease due to fear of crowds? Current and future viruses? No. Online gambling requires a nation’s ability to be high technology, smartphones and tablets, it also requires rules and regulations. The online gambling market keeps its pace with each year, the future is optimistic. And the reason the adoption of this new phenomenon is the only option.
In the midst we have GMGI with Online Casino Gambling through Licensed International Sticks and bricks casinos, over a 350 GMGI Casino Operators now, with over 2 million GMGI registered users. A proven system with growing earnings and customers. A serious outbreak of a Coronavirus in the midst of this population is threatening how we live and do business on the planet. Look how it has already impacted our US markets and people, even 12,000 miles away!
The times are changing, the population will not forget this. Fear keeps people from public contact and congested large crowd environments. The population seeks at-home entertainment, online activities surge. Many people like their gambling, Asia is said to "love it", many people worldwide do. Quite common. Not a secret. Here sits GMGI Golden Matrix Group an upstart company, capable of delivering Online traditional Asian Casino Gambling to the Region. Experienced, proven software Platform, with a large variety of gambling Casino Games, delivered by over 350 International Casinos to the Smartphones, tablets, notebooks, and desktops of the Asian Region.
When a deal is done with shares to expand even more, it will put a big handful in tight hands. In effect reducing the float from the general market. The potential for growth is tremendous, IMO.
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.
