Golden Matrix GroupGMGI
GMGI
About: Golden Matrix Group Inc 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 in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.
Employees: 1,100
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
157% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 7
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
5% more funds holding
Funds holding: 41 [Q3] → 43 (+2) [Q4]
0.04% more ownership
Funds ownership: 2.58% [Q3] → 2.62% (+0.04%) [Q4]
10% less capital invested
Capital invested by funds: $7.38M [Q3] → $6.68M (-$703K) [Q4]
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $25K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4
99%
upside
Avg. target
$4
99%
upside
High target
$4
99%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Maxim Group Jack Vander Aarde 13% 1-year accuracy 1 / 8 met price target | 99%upside $4 | Buy Initiated | 21 Feb 2025 |
Financial journalist opinion
Based on 9 articles about GMGI published over the past 30 days
Neutral
Newsfile Corp
21 hours ago
Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Lagos, Valetta--(Newsfile Corp. - March 13, 2025) - Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), has officially launched its B2B operations in Nigeria, one of the largest and fastest-growing betting markets in Africa. The company's entry into Nigeria further strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets to deliver world-class gaming products.
Neutral
GlobeNewsWire
22 hours ago
Meridianbet Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Meridianbet, part of Golden Matrix (NASDAQ: GMGI), expands B2B operations into Nigeria with a licensed launch, tapping into a $2B market and driving growth
Neutral
Newsfile Corp
2 days ago
Expanse (GMGI) Submits Application for iGaming License in Romania
Valletta, Malta--(Newsfile Corp. - March 11, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its strategic expansion by applying for a Class 2 iGaming license in Romania. This license, issued by Romania's National Gambling Office (ONJN), will allow Expanse Studios to distribute its proprietary gaming content to licensed operators across the regulated Romanian market.
Neutral
Newsfile Corp
6 days ago
Meridianbet (GMGI) Executes 258 CSR Actions in 2024, Launches Global Book Donation Campaign to Support Culture and Education
Valletta, Malta--(Newsfile Corp. - March 7, 2025) - Meridianbet, part of the Golden Matrix Group (NASDAQ: GMGI), executed 258 Corporate Social Responsibility (CSR) initiatives across Europe, Africa, and Latin America in 2024, focusing on healthcare, education, responsible gambling, and environmental sustainability. To view the full announcement, including downloadable images, bios, and more, click here.
Neutral
Newsfile Corp
1 week ago
Institutional Confidence in Golden Matrix Group (GMGI) Soars in Q4 2024
Las Vegas, Nevada--(Newsfile Corp. - March 3, 2025) - Publicly disclosed data shows a significant increase in institutional ownership of Golden Matrix Group, Inc. (NASDAQ: GMGI) in Q4 2024 compared to Q3 2024. Several major institutional investors increased their positions, while new investors also acquired stakes in the company, indicating strengthened institutional support.
Neutral
Newsfile Corp
1 week ago
Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration
Las Vegas, Nevada--(Newsfile Corp. - February 28, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has officially launched its gaming on the fifth U.S. sweepstakes casino, further strengthening its position in the expanding U.S. social casino market. To view the full announcement, including downloadable images, bios, and more, click here.
Neutral
Newsfile Corp
1 week ago
Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration, Now Live with Yotta
Las Vegas, Nevada--(Newsfile Corp. - February 28, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has officially launched its gaming content on Yotta, marking the fifth U.S. sweepstakes casino integration for the company. Yotta operates in 46 US states and has built a strong player base of over 900,000 users.
Neutral
Newsfile Corp
2 weeks ago
Expanse Studios (GMGI) Completes 4th U.S. Sweepstakes Integration
Las Vegas, Nevada--(Newsfile Corp. - February 25, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, further solidifying its presence across 40+ states. The latest partnership has been facilitated through Casimba Gaming and extended Expanse Studios' third-party distribution strategy, allowing its proprietary slots, crash games, and table games to reach an even broader network of regulated sweepstakes operators.
Neutral
Newsfile Corp
3 weeks ago
Expanse (GMGI) Launches Game #55, Adds to U.S. Social Casino-Compatible Offer
Las Vegas, Nevada--(Newsfile Corp. - February 14, 2025) - The U.S. sweepstakes and social casino market is evolving rapidly, and Expanse Studios--part of Golden Matrix Group Inc. (NASDAQ: GMGI)--continues to expand its footprint with its latest release, Candy's Bonanza. To view the full announcement, including downloadable images, bios, and more, click here.
Neutral
GlobeNewsWire
1 month ago
Meridianbet Reports Over $9 Million in January 2025 Revenue, Achieving 24% YoY Growth
VALETTA, Malta, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Meridianbet, part of the Golden Matrix Group, Inc. (NASDAQ: GMGI), a leading provider of innovative betting, gaming and technology solutions across 19 markets worldwide, today announced record-breaking revenue for January 2025, exceeding $9 million, marking the strongest month in the company's history and beating the January 2024 revenue by 24%. Important note: Meridianbet's reported financial results for January 2025 do not represent the consolidated financials of Golden Matrix Group, Inc. (GMGI).
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