Curated News
By: NewsRamp Editorial Staff
September 05, 2025
Golden Matrix Hits Record $17.8M Revenue in August, Up 18% Year-Over-Year
TLDR
- Golden Matrix Group achieved record August revenues of $17.8 million, an 18% increase, positioning it ahead of competitors in online gaming growth.
- Golden Matrix's revenue growth stems from strong B2B and B2C operations, including Meridianbet's sports betting and RKings' tournaments across multiple international markets.
- Golden Matrix's expansion creates jobs and regulated entertainment options in 15 jurisdictions, supporting economic growth in communities worldwide through gaming technology.
- Golden Matrix hit a record $17.8 million in August revenue despite a previous quarter impacted by unusual customer-friendly sports outcomes.
Impact - Why it Matters
This news matters because Golden Matrix's record performance signals strong growth in the online gaming industry, which has become increasingly significant in the global entertainment market. For investors, the company's 18-24% revenue growth demonstrates robust operational efficiency and market penetration following strategic acquisitions like Meridianbet. The recovery from previous quarter challenges shows resilience in adapting to market fluctuations. For consumers, the company's expansion through platforms like RKings tournaments and MEXPLAY casino indicates more gaming options and innovative experiences. However, the gaming industry faces regulatory scrutiny and economic sensitivity, making sustained growth dependent on navigating these complexities while maintaining technological innovation and market adaptation.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI), a Las Vegas-based gaming technology company, has announced record-breaking financial performance with August revenues reaching $17.8 million, marking an 18% increase from the previous year's $15.1 million. This follows an equally impressive July where revenues hit $15.7 million, up 24% from July 2024. CEO Brian Goodman attributed this success to strong results across all operating divisions, particularly highlighting Meridianbet's sports betting operations and RKings' tournament competitions. The company, which operates through both B2B and B2C models, has demonstrated remarkable recovery from a challenging second quarter that was impacted by an unusual customer-friendly sport outcome.
The company's diverse portfolio includes proprietary gaming platforms developed for clients through its B2B division, while its B2C division, RKings, operates a high-volume eCommerce site for paid competitions in authorized markets. Golden Matrix also owns MEXPLAY, a regulated online casino in Mexico, and acquired Meridianbet Group in 2024, a well-established sports betting and gaming group operating in 15 jurisdictions across Europe, Africa, and South America. Meridianbet utilizes proprietary technology and scalable systems with an omni-channel approach including retail, desktop online, and mobile platforms. The company's strategic acquisitions and technological capabilities position it for continued growth in the global gaming market.
Despite these positive results, investors should note that this financial information is preliminary and not subject to the same closing procedures as audited financial statements. The company has included extensive forward-looking statements and risk factors, including potential dilution from financing activities, regulatory challenges, economic conditions, and geopolitical risks such as the ongoing Ukraine/Russia conflict and conflict in Israel. These factors could impact future performance, though management remains optimistic about maintaining this positive trend through 2025 and beyond.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Hits Record $17.8M Revenue in August, Up 18% Year-Over-Year
