Golden Matrix Group, Inc. Provides Preliminary Revenue Estimates for the Fourth Quarter and Fiscal Year Ended October 31, 2023
November 21, 2023 at 09:15 am EST
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Golden Matrix Group, Inc. provided preliminary revenue estimates for the fourth quarter and fiscal year ended October 31, 2023. For the quarter, the company announced that pursuant to preliminary revenue estimates, it had achieved record revenues of $11.7 million.
For the fiscal year, the company announced that pursuant to preliminary revenue estimates, it achieved record revenues of more than $44 million, which represents, an approximately 22% improvement on revenues of $36 million in fiscal 2022.
Golden Matrix Group, Inc. is a gaming technology company operating across multiple international markets. The Companyâs the business-to-business (B2B) segment charges for usage of the Companyâs software, and royalties charged on the use of third-party gaming content. This segment develops and licenses proprietary gaming platforms for its extensive list of clients and RKingsCompetitions Ltd. (RKings). The business-to-consumer (B2C) division operates a high-volume e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The segment also includes pay to enter prize competitions in the United Kingdom as well as the Companyâs online casino Website (and related activities) in Mexico. The Companyâs B2B and B2C casino, sports betting and tournament platforms creates a global enterprise operating in 17 countries on four continents. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.