Golden Matrix Group Inc (GMGI)

[BRITT2575]

GMGI Weekly Recap (NEW) 3-26-21

GMGI closed last Friday at $5.15 and closed this Friday @ $5.69 for a overall 10.49% weekly increase in the overall share price.

GMGI performed the best out of the 4Gs on the week by far, very grateful.

$GMGI +10.49% GAIN
$GMBL -14.94% LOSS
$GNOG -19.72% LOSS
$GAN -28.00% LOSS

Last Friday AHs on 3-19-21 GMGI released some more filings including a very important filing which was a S1 Form with the SEC for a $10M IPO Raise with KingsWood Capital. Nasdaq required this as per Golden Matrix.

“Our common stock is presently quoted on the OTC Pink Market, operated by OTC Markets Group Inc., under the symbol “GMGI”. At present, there is a limited market for our common stock. We have applied to list our common stock on The NASDAQ Capital Market under the symbol “GMGI” simultaneously with the closing of this offering. We believe that upon the completion of the offering contemplated by this prospectus, we will meet the standards for listing on the NASDAQ Capital Market. We cannot guarantee that we will be successful in listing our common stock on the NASDAQ Capital Market; however, we will not complete this offering unless we are so listed (or our common stock is otherwise listed on the NYSE American).”

PROSPECTUS SUMMARY (Part of S1)

The following summary highlights material information found in more detail elsewhere in the prospectus. It does not contain all of the information you should consider. As such, before you decide to buy our common stock, in addition to the following summary, we urge you to carefully read the entire prospectus, especially the risks of investing in our common stock as discussed under “Risk Factors.”

About Golden Matrix Group, Inc.

We are an established provider of enterprise Software-as-a-Service (“SaaS”) solutions for online casino operators and online sports betting operators, commonly referred to as iGaming operators.

We develop and own online gaming intellectual property (IP) and build configurable and scalable, turn-key and white-label gaming platforms for our international customers, located primarily in the Asia Pacific region.

As of January 31, 2021, our systems had over 3.5 million registered players and a total of more than 400 unique casino and live game operations.

The GM-X System provides access to over 4,000 unique, state of the art, online games, delivered by some of the world’s leading gaming providers.

Players play approximately 14 million games a day and also wager approximately $14.5 million a day via the GM-X System platform.

The GM-X System turnkey solution (including modular, configurable and scalable gaming platforms), is a complete software package for starting an online gaming business, incorporating all the tools and gaming content necessary to run an online Casino and/or Sportsbook and offers a full suite of tools and features for successfully operating and maintaining an online gaming website; from player registration to user management and content management.

The GM-X System has been deployed primarily in the Asia Pacific and we are currently focused on expanding our deployment into Europe, U.S., South America, and Africa. The online gambling industry, in the U.S., is essentially regulated at the state level. The Company is currently in discussions with multiple specialist gaming attorneys in the U.S. and currently plans to engage one of these gaming specialists to represent the Company in its applications for a gaming license in the U.S.

The GM-X System provides a platform that facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games and provides customers with seamless access to large portfolios of licensed gaming content, provided by established and licensed and accredited gaming content providers. The Company has distribution agreements with third party content providers to resell their game content. The game content includes games such as slots, table games (e.g., roulette, blackjack, and poker), sportsbooks and live games. A live game is when a live casino game is shown via a live streaming video link in real time from a casino table wherein live dealers deal cards from a licensed studio and allow players to place an online bet on the outcome of the card game.

The Company is granted distribution rights for the gaming content that it provides to its customers.

The Company has developed its own proprietary Peer-to-Peer E-sports gaming product which is expected to launch in the coming months. This product will be marketed as the Player2P Platform (“Player2P”). The Player2P brand will be focused solely on esports gambling and 18+ gaming (i.e., gaming by those 18 years of age or older). Player2P is expected to not only offer users traditional casino style games but allow players to compete against each other while playing E-sport console games.

In addition to launching the Player2P product into our existing distribution network, we will aim to launch this business-to-consumer (B2C) platform into selected States in the U.S., subject to regulatory approvals.

The Company plans to launch Player2P games as an E-sport skill game wherein competitive contestants compete against live opponents in video games, either online or in-person with real money at stake, subject to compliance with applicable law, and approval from applicable authorities.

Our GM-X System is designed to enable our customers to rapidly launch and scale their iGaming and online sportsbook operations. The GM-X System supports both social and real money online casino gaming (“iGaming”). The back-office of the GM-X System contains comprehensive player management capabilities, in which customer and player activity data is stored and processed in real-time. The back office offers analytic and reporting tools to help our customers create loyalty and attempt to generate the highest value from players. The GM-X System also provides customers access to extensive and comprehensive data to assist them with optimizing player value and loyalty.

Our customers are primarily licensed online gaming operators. The Company also provides services and resells third party gaming content to licensed online gaming distributors. The majority of the Company’s customers hold gaming licenses in Asia, South America, and Europe. The Company provides business-to-business services and products and does not deal directly with players.

Our Business Model

We provide platform and software services to our customers as well as third party gaming content which are all central to customer’s real money and social iGaming operations. We also provide associated services including software development and technical and customer support.

Our customers are primarily online casino operators and online sports betting operators, commonly referred to as iGaming operators, as well as the third party gaming content distributors which are essentially resellers of our gaming content and our systems. Our customers are located in the Asia Pacific region, as well as in Europe.

We earn revenue through a number of different streams, including:




(1)
Online iGaming platform and software services;

(2)
Resale of online gaming content from third party gaming content providers;

(3)
Software Development Services; and

(4)
Customer Support and Technical Support services.



In respect of our iGaming platform and third party content, our revenue is calculated on a share of the revenues generated by our customers’ use of our platform and gaming content in their offering of real money iGaming and social iGaming to their players.

The Gaming Industry and Our Market

According to an April 2020 report by Grand View Research, the global online gambling market size was valued at $53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027, reaching $127.3 billion by 2027.

According to a study by Grand View Research, the online gaming industry is expected to witness substantial growth over the next five years and, in addition to the growth opportunity we see within our existing core markets, a large and growing universe of additional potential new customers for the GM-X System. Our focus will be on developing markets such as Latin America, Africa, and selected U.S. States that are currently implementing regulated frameworks for allowing real money betting. As a result, we believe we have a significant opportunity to expand our tried and tested systems into a much broader global market because our proprietary gaming technologies are flexible and scalable and have been built and tested over many years.

Links Below:

https://www.otcmarkets.com/filing/html?id=14814846&guid=bJlpUKR86xF0q3h

https://kingswoodcm.com/transactions/

Also this S1 IPO news showed up on the NASDAQ website

https://www.nasdaq.com/articles/online-gambling-software-provider-golden-matrix-group-files-for-a-%2410-million-nasdaq?fbclid=IwAR3YxjRKmDLifW5miJvrbU7H1r44queZAMGVbKyD8iwcy_TT5Rr3rbXmrlw

A publisher wrote a article on GMGI that was shared in Africa, U.S. and Canada. Links Below:

https://www.allpennystocks.com/specialreportsus/2568/following-record-revenue-in-q4-micro-cap-makes-market-disrupting-acquisition?fbclid=IwAR2RKIJUwCtX9kY75d_nfTDUnU_soC-8lj6hQEc8lE-jaV-gMqSBNFL6V98

https://www.baystreet.ca/stockstowatch/10100/Following-Record-Revenue-in-Q4-Micro-Cap-Makes-Market-Disrupting-Acquisition?fbclid=IwAR1F38lNEaaL1V37RSWfqjc15onFiT2cKHYa0t4kNa_Nb4CdqOE1WBleJj0

https://menafn.com/1101815680/Following-Record-Revenue-in-Q4-Micro-Cap-Makes-Market-Disrupting-Acquisition

Hexcellence Consulting provided a release on GMGI doing a $10M IPO

https://hexcellence.co/insights/252?fbclid=IwAR1ER-QZhdb-XiVpNbPcp6YHiUYWx9wTlgnR3ath32pVpwmTSi0S76cQ-e8

Also Finder. com covered how to buy GMGI due to offering

https://www.finder.com/buy-golden-matrix-group-stock?fbclid=IwAR0GQ40xKx4gwRfH0hFDnUtTD32dsv8tyBu8iNU6IVzHNU9USgxD7Li4Sp4

We also found out that GMGI is using the same Law Firm as GMBL used for their successful Uplisting last year.
Joseph M. Lucosky , ESQ

Lastly the company put out a few tweets and Facebook posts on the IPO news, and the GMGI Articles mentioned above.

Have a great weekend!