LAS VEGAS, June 19, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Golden Matrix Group Inc. (OTC: GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today announced that its state-of-the-art GM-X platform has now surpassed three million registered users across all gaming platforms operated by GMGI’s 358 active operators.
This represents a 100% increase on 1.5 million registered users at calendar year-end 2019 and is expected to produce “significant incremental revenue” in the second half of 2020 and beyond.
“As a result of the pandemic,” said Golden Matrix CEO Brian Goodman, “we have seen a big pickup in interest from operators seeking to create a stronger online presence, and it follows that we gain meaningful increases in the number of registered users as these new operators complete the integration process and go live with the GM-X platform.”
Golden Matrix recently reported its seventh consecutive profitable quarter, and Mr. Goodman said he expects this trend to continue “for the foreseeable future.”
About Golden Matrix
Golden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications.
Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
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Source: Golden Matrix Group Inc,