Golden Matrix Group (OTCQX: GMGI), a developer and licenser of gaming platforms, systems and gaming content, has announced that it expects to achieve record quarterly revenues of approximately $7.7 million in the first fiscal quarter ended Jan. 31, 2022. According to the update, this represents an estimated 295% improvement on revenues of $1,951,406 in the comparable year-ago quarter and an increase of 124% on the previous quarter. “As expected, Rkings is having an immediate positive impact on our financial performance,” said Golden Matrix CEO Brian Goodman. “It has given us entry into a well-established B2C vertical in a new international market; and, with its highly popular offerings, coupled with historical nominal player acquisition costs, we believe that Rkings can be expanded into other regions, subject to regulatory compliance, and continue to boost our overall revenues and profitability.”
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About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, 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 primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications. Golden Matrix Group’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current U.S. law. For more information about the company, visit www.GoldenMatrix.com.
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