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GMGI 
Golden Matrix Group Inc (GMGI)
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Upturn Advisory Summary
01/09/2026: GMGI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $2.83
1 Year Target Price $2.83
| 0 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -52.58% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 89.21M USD | Price to earnings Ratio - | 1Y Target Price 2.83 |
Price to earnings Ratio - | 1Y Target Price 2.83 | ||
Volume (30-day avg) 1 | Beta 1.95 | 52 Weeks Range 0.58 - 2.60 | Updated Date 01/9/2026 |
52 Weeks Range 0.58 - 2.60 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.04 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3% | Operating Margin (TTM) -0.82% |
Management Effectiveness
Return on Assets (TTM) -0.86% | Return on Equity (TTM) -5.01% |
Valuation
Trailing PE - | Forward PE 128.21 | Enterprise Value 92778617 | Price to Sales(TTM) 0.5 |
Enterprise Value 92778617 | Price to Sales(TTM) 0.5 | ||
Enterprise Value to Revenue 0.52 | Enterprise Value to EBITDA 5.99 | Shares Outstanding 141237872 | Shares Floating 13824157 |
Shares Outstanding 141237872 | Shares Floating 13824157 | ||
Percent Insiders 84.59 | Percent Institutions 3.33 |
Upturn AI SWOT
Golden Matrix Group Inc
Company Overview
History and Background
Golden Matrix Group Inc. (GMGI) was incorporated in 2001, initially focusing on e-commerce and mobile software. Over the years, it has pivoted significantly, with its current core business revolving around regulated online gaming and a proprietary casino platform. A key milestone was its acquisition of the proprietary casino platform from Rakem Solutions Limited in 2017, which bolstered its technological capabilities. The company has been actively pursuing international expansion and obtaining gaming licenses in various regulated markets.
Core Business Areas
- Regulated Online Gaming: Golden Matrix Group Inc. operates in regulated online gaming markets, offering a comprehensive suite of casino games and sports betting. This segment involves acquiring licenses and complying with local regulations in various jurisdictions.
- Proprietary Casino Platform: The company utilizes its own advanced casino platform technology, enabling it to offer a customizable and scalable gaming experience. This platform includes a back-office system for management and reporting, and supports a wide range of games.
- White Label Solutions: GMGI offers white-label solutions to other businesses, allowing them to launch their own branded online gaming sites using GMGI's infrastructure and platform.
Leadership and Structure
The leadership team typically includes a CEO, CFO, and other key executives responsible for operations, technology, and business development. The organizational structure is designed to support its online gaming operations, platform development, and international expansion efforts.
Top Products and Market Share
Key Offerings
- Proprietary Casino Platform: GMGI's core asset is its proprietary casino platform, which is central to all its gaming operations. It facilitates a wide variety of casino games, including slots, table games, and live dealer options. Market share data for this specific platform is not publicly disclosed, but it serves as the backbone for GMGI's own brands and its white-label clients. Competitors in the platform space include Evolution Gaming, Playtech, and Microgaming.
- Online Casino Brands: The company operates several online casino brands in various regulated markets. Specific revenue figures or user numbers for individual brands are not typically broken out. Competitors for these brands are numerous and depend on the specific geographic market.
- White Label Gaming Services: GMGI provides white-label solutions to clients looking to enter the online gaming market without building their own infrastructure. This service is a significant revenue driver. Market share in the white-label segment is fragmented, with many providers globally.
Market Dynamics
Industry Overview
The global online gaming industry is characterized by rapid growth, driven by increasing internet penetration, mobile adoption, and legalization in new markets. It is a highly competitive and regulated sector, with a constant need for innovation in game offerings, user experience, and responsible gaming practices. Technological advancements, such as AI and VR, are also starting to influence the industry.
Positioning
Golden Matrix Group Inc. positions itself as a provider of regulated online gaming solutions, with a focus on its proprietary technology and international expansion. Its competitive advantages lie in its owned platform, which allows for customization and integration, and its strategy of targeting licensed markets. However, it faces intense competition from larger, more established players with greater brand recognition and financial resources.
Total Addressable Market (TAM)
The global online gambling market is valued in the hundreds of billions of dollars and is projected to continue growing. Golden Matrix Group Inc. is positioned to capture a portion of this TAM by focusing on regulated markets and offering a comprehensive platform solution. Its current market share is relatively small compared to the overall TAM, indicating significant room for growth.
Upturn SWOT Analysis
Strengths
- Proprietary casino platform technology
- Focus on regulated markets
- Ability to offer white-label solutions
- International licensing strategy
Weaknesses
- Relatively smaller market presence compared to larger competitors
- Reliance on partnerships and licenses
- Brand recognition may be limited in some markets
- Potential for significant upfront investment in new market entry
Opportunities
- Expansion into new regulated gaming markets
- Development of new game content and features
- Strategic acquisitions to broaden market reach or technology
- Increasing demand for mobile gaming solutions
Threats
- Increasing regulatory scrutiny and compliance costs
- Intense competition from established players
- Cybersecurity risks and data breaches
- Economic downturns impacting consumer discretionary spending
- Changes in player preferences and gaming trends
Competitors and Market Share
Key Competitors
- Bet-at-home.com AG (BET:XTRA)
- Kindred Group plc (KND:STO)
- 888 Holdings plc (888:LSE)
- Flutter Entertainment plc (FLTR:LSE)
- Entain Plc (ENT:LSE)
Competitive Landscape
Golden Matrix Group Inc. operates in a highly competitive landscape dominated by large, well-established global operators. Its advantages lie in its flexible proprietary platform and its focused strategy on regulated markets. However, it faces disadvantages in terms of brand recognition, marketing budgets, and economies of scale compared to its larger rivals.
Growth Trajectory and Initiatives
Historical Growth: Historically, Golden Matrix Group Inc. has undergone significant strategic shifts, transitioning from e-commerce to its current focus on online gaming. Its growth trajectory has been characterized by efforts to acquire licenses, develop its platform, and expand into new markets. Recent years have likely seen a focus on revenue growth through its regulated gaming operations and white-label services.
Future Projections: Future growth projections are typically based on analyst estimates and the company's strategic plans. These may include expected revenue growth from existing markets, expansion into new regulated territories, and the impact of new product launches or partnerships. Specific percentage growth figures would be contingent on market analysis and company guidance.
Recent Initiatives: Recent initiatives likely include securing new gaming licenses in target jurisdictions, enhancing its proprietary platform with new features, expanding its game portfolio, and potentially pursuing strategic acquisitions or partnerships to accelerate market penetration.
Summary
Golden Matrix Group Inc. operates in the dynamic and competitive online gaming sector, leveraging its proprietary casino platform to expand into regulated markets. The company's strengths lie in its technology and strategic focus on licensed jurisdictions, offering opportunities for growth in a rapidly expanding industry. However, it faces significant threats from established competitors, evolving regulations, and the need for continuous innovation. Successfully navigating these challenges will be crucial for its long-term success and market positioning.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Financial news websites
- Industry research reports
- Market data providers
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. Financial data and market share percentages are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions. This information is for informational purposes only and does not constitute financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Golden Matrix Group Inc
Exchange NASDAQ | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 2009-10-30 | Interim CEO & Chairman Mr. William Scott | ||
Sector Communication Services | Industry Electronic Gaming & Multimedia | Full time employees 1200 | Website https://goldenmatrix.com |
Full time employees 1200 | Website https://goldenmatrix.com | ||
Golden Matrix Group, Inc. operates as an B2B and B2C gaming technology company in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and casino, and gaming services. The company is based in Las Vegas, Nevada.
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