Golden Matrix Group Inc. (NASDAQ: GMGI) Upgrades RKings Contest Platform, Looks to Keep Compounding Profits

May 26, 2022 10:20:00
  • In December, Golden Matrix Group entered the B2C gaming market with the acquisition of the majority of U.K.-based skilled gaming company RKingsCompetitions Ltd.
  • This month, GMGI launched an upgraded version of the platform, which gives contestants the opportunity to win cars, electronics, tools, and more
  • The combination of GMGI’s B2B operations and new mix of B2C is lending to a surge in revenue and profits, reaching $8.9 million and $349,379, respectively in Q1. Q2 represents first full quarter of RKings in the financials

Gaming developer and licensor Golden Matrix Group (NASDAQ: GMGI) is a well-known and respected business-to-business (“B2B”) brand throughout the Asia Pacific region, delivering high-end white label online gaming solutions to operators. In December, the Las Vegas-based company made its foray into the business-to-consumer (“B2C”) marketplace, giving it greater exposure to a global gaming market that Naavik with BITKRAFT Ventures estimate at $336 billion.

The entrance into B2C was made through Golden Matrix acquiring an 80% stake in RKingsCompetitions Ltd., a United Kingdom-based company and leading operator of online skill-based competitions throughout the…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.