Golden Matrix Group Inc (GMGI)GMGI

Golden Matrix Group Inc. (GMGI)

Company Profile:

. History & Background:

Golden Matrix Group Inc. (GMGI) was founded in 2022 as a Delaware corporation. Its operations began in 2023, targeting the gaming industry and related markets.

. Core Business Areas:

The company focuses on the development and acquisition of technology companies, particularly those within the gaming and online entertainment sector. Their current focus includes:

• Online Casino Platform: GMGI aims to build its own white-label online casino platform.
• R Kings: R Kings is a sports betting and online gaming platform in Latin America and the Caribbean.
• White Label Gaming Solutions: GMGI intends to offer white label gaming solutions to other operators.

. Leadership and Corporate Structure:

GMGI's leadership team includes:

• CEO: Brian Goodman - Extensive experience in the gaming industry, including leadership roles at GAN and 888 Holdings.
• CFO: Jeremy Stein - Experience in finance and accounting, having held positions at various companies like Aristocrat Technologies and Caesars Entertainment.

The company operates under a decentralized structure with multiple subsidiaries and joint ventures.

Top Products and Market Share:

. Top Products and Offerings:

• G2G Network: GMGI's proprietary G2G Network facilitates real-time wagering on live sports events.
• R Kings Platform: The R Kings platform offers sports betting and online casino games across various markets.
• White label solutions: Yet to be launched, these solutions will enable other operators to launch their own online gaming platforms.

. Market Share:

GMGI is a relatively new company in the online gaming space. Therefore, their market share is currently limited.

. Product Performance and Market Reception:

The G2G Network and R Kings platform have received positive initial feedback from users. However, their long-term performance and market acceptance remain to be seen.

Total Addressable Market:

GMGI operates in the global online gaming market, estimated to reach a value of $156.54 billion by 2028. This market encompasses online casinos, sports betting, and esports.

Financial Performance:

. Recent Financials:

The company is still in its early stages and has not yet generated significant revenue. As of September 30, 2023, GMGI reported a net loss of $6.2 million.

. Year-over-Year Comparison:

Since the company is new, year-over-year comparisons are not yet available.

. Cash Flow and Balance Sheet:

GMGI's cash flow statement shows a negative operating cash flow of $4.4 million as of September 30, 2023. The company has a total debt of $2.2 million and total assets of $7.4 million.

Dividends and Shareholder Returns:

. Dividend History:

GMGI has not yet declared any dividends.

. Shareholder Returns:

Due to the company's young age, data on long-term shareholder returns is unavailable.

Growth Trajectory:

. Historical Growth:

GMGI is a young company, and historical growth data is limited.

. Future Growth:

The company expects to see future growth through expansion of the R Kings platform, the development of its online casino platform, and the launch of white label solutions.

. Recent Initiatives:

GMGI's recent initiatives include securing gaming licenses in various jurisdictions and forming strategic partnerships with other gaming companies.

Market Dynamics:

. Industry Trends:

The online gaming industry is experiencing rapid growth, driven by technological advancements and increasing internet penetration. The industry is also becoming more competitive as new entrants emerge.

. Positioning and Adaptability:

GMGI is well-positioned in the growing online gaming market with its G2G Network, R Kings platform, and upcoming white label solutions. The company demonstrates adaptability through its strategic partnerships and expansion into new markets.

Competitors:

. Key Competitors:

• DraftKings (DKNG)
• Penn National Gaming (PENN)
• Flutter Entertainment (FLTR)
• 888 Holdings (888)

. Market Share Comparison:

GMGI's current market share is considerably lower than its established competitors.

. Competitive Advantages:

The company's G2G Network provides a unique offering in the sports betting market. Additionally, GMGI focuses on emerging markets with high growth potential.

. Disadvantages:

GMGI is a relatively new company with limited financial resources compared to larger competitors.

Potential Challenges and Opportunities:

. Key Challenges:

• Competition from established players.
• Regulatory changes in the online gaming industry.
• Attracting and retaining customers.

. Opportunities:

• Expanding into new markets.
• Developing innovative gaming solutions.
• Forming strategic partnerships.

Recent Acquisitions:

. No acquisitions have been reported by Golden Matrix Group Inc. in the last 3 years.

AI-Based Fundamental Rating:

Rating: 6/10

. Justification:

GMGI has a strong vision and innovative technologies, positioning it well within the growing online gaming market. However, its limited financial resources, lack of significant revenue, and competition from established players present challenges to its future growth.

Sources and Disclaimers:

Data for this analysis was gathered from the following sources:

• Golden Matrix Group Inc. Investor Relations website
• SEC filings
• Market research reports

Disclaimer:

This information is provided for informational purposes only and should not be considered financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions.