GMGI - InvestorNewsBreaks - Golden Matrix Group Inc. (NASDAQ: GMGI) to be Included in Russell 3000 Index
Golden Matrix (NASDAQ: GMGI), a leading developer, licensor and global operator of online gaming and eCommerce platforms, has been included in the prestigious Russell 3000 Index, a move that the company notes “underscores [its] established market presence and growth trajectory.” According to the announcement, companies that are included in the Russell 3000 Index see increased visibility and attractiveness with a broader range of institutional investors as well as increased liquidity, greater investor interest and overall market recognition. Golden Matrix’s inclusion in the index is based on the company’s strong financial performance, including full-year 2023 total revenue of $137.17 million with gross margin of 56.95%; quarterly results for first-quarter 2024 came in at $36.69 million total revenue with gross margin of 57.41%. “We are honored to join the Russell 3000 Index,” said Golden Matric CEO Brian Goodman in the press release. “This milestone reflects our strong market presence and growth potential, positioning us for continued success and greater visibility within the investment community. . . . Golden Matrix remains focused on executing its growth strategy, leveraging the strengths of both entities to drive innovation and deliver value to shareholders. The company's solid financial performance and recognition in the Russell 3000 Index reinforce its commitment to long-term growth and shareholder value.”
To view the full press release, visit https://ibn.fm/jRW7k
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is a leading business-to-business (“B2B”) and business-to-consumer (“B2C”) gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients. Its B2C division, RKings, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of Meridianbet, a well-established and B2B and B2C sports-betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations. 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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