Las Vegas-based gambling content supplier Golden Matrix Group had a massive increase in revenues in its full year ended October 31, 2022.
The company reported yesterday that the full year had shown revenues of $36m, up 219 per cent on the $11.3m of the previous year. EBITDA was $3.5m.
Said Brian Goodman, CEO: “This has been a highly constructive year for our rapidly growing company. We believe the increased costs incurred and investments made in our B2B and B2C platforms have positioned GMG to sustain and even accelerate our strong revenue growth.
"To remain competitive in the world-wide gaming industry, we are continually upgrading our systems and gaming content offerings to support the needs of millions of participants.”
He said that the acquisition of MeridianBet Group is expected to be completed in the first half of this year. It will "significantly advance GMG’s global footprint and numerous B2B and B2C product offerings on most continents and we believe create the opportunity for us to participate in online gambling markets in the US and Canada.”
Golden Matrix Group is a gaming technology supplier operating across multiple international markets. Its B2B division develops and licenses proprietary gaming platforms for its list of clients and RKings, its B2C division, operates a high-volume ecommerce site.
