Golden Matrix Group, a developer, licensor and global operator of online gaming platforms, systems and gaming content, has reported its financial results for the quarter ended January 31.
Q1 2023 revenues were $10,777,679, a 21.4 per cent increase on revenues of $8,877,105 in the like year-ago quarter. Adjusted EBITDA for Q1 2023 was $889,605 versus adjusted EBITDA of $729,266 in Q1 2022.
“Despite a challenging economic climate worldwide, we are pleased that our B2B and B2C segments continue to grow and gain traction in their respective markets,” said Golden Matrix CEO Anthony Brian Goodman.
“Additionally, we are making significant progress in preparing to enter new geographic markets through MEXPLAY, our recently formed B2C casino platform in Mexico, and through the anticipated acquisition of the MeridianBet Group and its related companies, which is expected to be completed, during the first half of this year.
"The MeridianBet acquisition is expected to position GMG as a profitable worldwide gaming company with significant growth prospects, including the potential entry into regulated North American markets, subject to applicable rules and regulations.”