Golden Matrix Group Inc. (GMGI)

[BRITT2575]

Why I believe GMGI is a excellent investment that should bring high returns in the future to its shareholders.

They are PROFITABLE and growing very quickly in a very lucrative and high demand sector. These are two rare things for their sector as most are losing money hand over fist and money growth lags.

As of Friday 9-04-2020 GMGI was on Day 27 of 30 for being NASDAQ price qualified and should be fully qualified by next Thursday 9-10-2020. Golden Matrix has released news to the public that they have filed all of necessary paperwork to uplist into the NASDAQ last week. The process to uplist generally takes 4-6 weeks, but can be quicker I’ve read. I predict the uplist to be very soon within the next month and a half here.

GMGI this year has already increased their Registered users up to 3.3M total users from 1.5M in the beginning of Jan 2020. That’s a 120% increase in less than 8 months time. What are registered users? Well those are the players that play casino games on ran off of GMGI GM-X PLATFORM “White Labeled” SOFTWARE. The number of users is expected to increase more as they set more Operators up in the next upcoming months.

They also have 369 Operators (Casinos) with the mention of bringing live 20 more between the end of last and this month (September)Thats over a 5.4% increase in Operators that could add to the already $425,000+ in revs per month up to $21,000+ additional monthly revs.

Total Revenues for GMGI may be pushing $450,000 Monthly X 12 Months brings us up to $5.4M in Revenues for the year NOT including what was mentioned in a fairly recent GMGI press release...

“Going forward, we expect the company’s market share in the APAC region to continue to grow; and the company is now positioned to expand operations globally and enter new gaming-related markets, which will significantly increase revenues and profitability later in 2020 and beyond.”

Link to resource:
https://finance.yahoo.com/news/golden-matrix-achieves-first-million-132000986.html

I think we can all agree it seems Golden Matrix is working hard on making all the right moves here and are growing exponentially larger as time goes on. Think about it, last year 1.5M registered users to now 8 months later 3.3M+ registered users. This is a HUGE increase. Also the additional board members they added to the team are very knowledgeable with loads of finance and experience in the online casino/gaming field. But I will get into this another time.

We still have a big question mark ? here.

Where does the expansion of globally operations, and entering new gaming markets that “WILL” bring significantly higher increase in revenues and profitability for the rest of 2020 and beyond come into play?

U.S. Markets , UK Markets, Canada?

Nobody has this answer quite yet! Hopefully we will get some clues on the “significantly increased revenues and profits” soon.

Overall, in my eyes I see Golden Matrix doing a great job with growing and bringing in higher revenues year over year and making very good decisions with everything they have done including communicating with the public shareholders. I’m really excited looking forward to seeing the updated quarterly numbers by next Tuesday or Wednesday and seeing where GMGI ends up at the end of 2020.

Well I’ve blabbed here long enough, I hope you guys agree with my thoughts on Golden Matrix’s Overall performance this year.

Have a great long weekend all.

Cheers!