GMGI - InvestorNewsBreaks - Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Exclusive Distribution Agreement
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, has entered into an exclusive distribution agreement with Elray Resources Inc., which trades as Elray Gaming. The agreement gives GMGI exclusive rights to provide all gaming content to Elray Resources’ clients. According to the announcement, Elray Resources will launch a business-to-business online Crypto Casino systems and technology with content provided by Golden Matrix; that content will be available to and used by Crypto Casino gaming operators. “Online entertainment and virtual currency have become particularly aligned in recent years,” said Golden Matrix CEO Brian Goodman in the press release. “These blockchain, digital concepts have created a unique way of generating profit in the form of online gambling casinos. The exclusive distribution agreement reached between Golden Matrix and Elray is expected to generate sizable revenues for Golden Matrix over time. It seems as though nothing can slow the growth of the online casino industry. Online casinos continued to generate business during the pandemic and are now following the latest trends including allowing cryptocurrencies as payment methods. The collaboration between Golden Matrix and Elray Gaming is a perfect scenario. Elray Gaming has proprietary blockchain technology that will result in numerous gaming operators not only utilizing Elray’s blockchain technology but also Golden Matrix’s gaming content, a win-win for both companies. When you factor in how far cryptocurrency has come and how the gambling industry has embraced it, it is safe to say that the crypto gambling market will keep expanding with the number of Crypto Casino operators to grow in the future.”
To view the full press release, visit https://ibn.fm/R607p
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label B2B gaming platforms for its international customers, located primarily in the Asia-Pacific region. The company’s gaming IP includes tools for marketing, acquisition, retention and monetization of users. GMGI’s platform can be accessed through both desktop and mobile applications. Additionally, Golden Matrix generates revenues in Great Britain from RKings Competitions' scalable B2C tournament platform and has recently launched a licensed proprietary B2C online casino in Mexico. For more information about the company, visit www.GoldenMatrix.com
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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