GMGI - No Debt and a Lot of Money Sets Golden Matrix Group Inc. (NASDAQ: GMGI) Apart as It Sets Sights on ESports Too
- GMGI a standout differentiated in Benzinga’s Listmakers Series: ESports
- Golden Matrix will be launching a new P2P ESports betting platform
- GMGI is eyeing new accretive acquisitions to extend its string of nearly 4 years of consecutive profitable quarters
Companies are usually willing to open their bank accounts for naming rights. For instance, FedEx is paying $7.5 million per year to have their name on the home field of the Washington Commanders. New tech brands are changing the game. In November 2021, Crypto.com agreed to pay $700 million to see the iconic Staples Center re-branded as Crypto.com Center for the next 20 years ($35 million/year). At the outset of Benzinga’s Listmakers Series: ESports, held June 22, 2022 featuring Golden Matrix Group (NASDAQ: GMGI), United Esports, and other heavy hitters in digital gaming, the event opened with a discussion on industry momentum that included cryptocurrency exchange FTX shelling out $210 million for the naming rights to esports organization TSM for the next 10 years.
That’s nearly three times as much FTX pays each year for naming rights to the home arena for the Miami Heat of the National Basketball Association. Welcome to the digital revolution and the emergence of...
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at http://ibn.fm/GMGI
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