Golden Matrix (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, has released an update regarding the timing of its next periodic report. The company recently changed its fiscal year from October 31 to December 31 and has recently closed on the acquisition of the MeridianBet Group. According to the announcement, the next periodic report that the combined company is required to file is a quarterly report for the quarter ended June 30, 2024; the company expects to file that report prior to the due date, which is Aug. 14, 2024. “The acquisition is treated as the purchase by the MeridianBet Group of Golden Matrix under accounting principles generally accepted in the United States, or GAAP,” stated the company in the press release. “Under the purchase method of accounting, the assets and liabilities of Golden Matrix will be recorded, as of the completion of the purchase, at their respective fair values, in the financial statements of the MeridianBet Group and the financial statements of the combined company issued after the completion of the acquisition will reflect these values, but will not be restated retroactively to reflect the historical financial position or results of operations of Golden Matrix.”
To view the full press release, visit https://ibn.fm/uul58
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is a leading business-to-business (“B2B”) and business-to-consumer (“B2C”) gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients. Its B2C division, RKings, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The company also owns and operates MEXPLAY, a regulated online casino in Mexico. Founded in 2001, the MeridianBet Group is a well-established online sports betting and gaming group, licensed and currently operating in 15 jurisdictions across Europe, Africa and South America. The MeridianBet Group’s successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omnichannel approach to markets, including retail, desktop online and mobile. Golden Matrix’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.
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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