For the few that didn’t get much from the interview or didn’t comprehend properly, here’s how I interpreted it…
Brian Goodman @ 4:45AM in Sydney Australia
Said it’s a rare thing for a gaming company like Golden Matrix Group to grow consistently.
“Why the success?” ~Interviewer
Brian Goodman~
-GMGI Products are popular.
-They Run a CONSERVATIVE company.
-Positive cash flow.
-Net income positive.
-Carries products that are sought after.
Then went on to describe B2C (Most gaming companies).
In B2C world it’s how much does it cost to acquire players and how much can you make off them.
In the U.S. the companies are paying upwards of $500 per a player and only getting a return of $300.
The problem is when you have many players and the deficit is so high you run into massive losses. At huge costs they are trying to get foothold into the U.S.
The way GMGI is trying to go about it is buy a customer for $300 and make $1000 off them and if that’s the case the sky is the limit for growth while not losing money or suffering losses.
Many people ask Brian what’s the difference between their B2B platform and others. What makes there’s better and it’s got to do with the retention, customer loyalty and customer churn rate. Meaning they extract a higher rate of money from their players than other platforms and offer top notch bonus, artificial intelligence, and other programs. Their artificial intelligence tracks everything from how long the customer plays on casinos online and such.
Recent acquisition did around $30M in sales and $2.8M net income. Double GMGI current size.
GMGI as of this interview-
Assets $28M
Shareholder Equity $24M
With RKINGS they are acquiring players for less than £1.00 or around $1.33 USD
And they are capturing upwards of £20 or $27 USD. (Amazing Deal)
They integrated the GMX system into RKINGS and are growing it nicely as they are doing excellent this quarter.
It’s doing so well they want to expand by rolling out versions of it globally.
They have more acquisitions targeted and they will only be net income positive ones that bring the company more valuable growth accretive to their business model.
They are targeting Mexico and looking to obtain a Mexico government gaming license.
Their next step with RKings is to give the 470K followers something back in turn of playing. Maybe casino opportunity’s like free spins, or something that can be accretive to their model. Which can also steer them to their casino to make even more money.
You can scale this B2C platform to over a million players simultaneously and the costs to do it are roughy the same. Sounds like they want to go big time with this imo.
If GMGI decides to buy a front end casino they would consider crypto as a source of payment. Brian’s a smart guy, if there’s money to be made he will be on it.
Nasdaq: Brian was given a path by them and it including them to end their fiscal year early and get audited to fix a item. He was being real careful not to say what he can’t but fixed it and confident they be there in the short term future.
Hopefully next time he comes on the Benzinga show they will be uplisted onto Nasdaq. They had items to be fixed and they are all fixed (Part of the Path). Seemed to me he feels very confident and this could happen anytime now.
I think it was good interview all around and I learned a good amount. Brian made this happen so we could all listen. He must’ve woke up at 3:30AM in the morning just to get this in because HE CARES about all of us! He did NOT have to do this.? Anyways this was my favorite interview so far yet. I think there’s very good things to come for us longs down the road here.
