MeridianBet Group Archives

Meridian Gaming recently announced that Golden Matrix Group (GMGI) has been included in the Russell 3000 Index. This significant milestone underscores GMGI's established market presence and impressive growth trajectory. In a statement, the company emphasized the benefits of this inclusion: "This inclusion can lead to increased liquidity, greater investor interest, and overall market recognition, providing substantial benefits to both the company and its shareholders." Golden Matrix remains committed to its growth strategy, leveraging its strengths 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. CEO's Perspective Company CEO Brian Goodman hailed the achievement as a major milestone for Golden Matrix. He commented, “We are honored to join the Russell 3000 Index. This milestone reflects our strong market presence and growth potential, positioning us for continued success and greater visibility within the investment community.” Golden Matrix operates as a licensor, developer, and global operator in both eCommerce and online gaming platforms. The previous fiscal year saw the company generate $44.2 million in revenue, marking the highest full-year revenue in its history. This reflects an increase of nearly $8 million compared to the previous year's results. However, the company reported a net loss of nearly $1.2 million for 2023. This loss was attributed to "general and administrative non-cash expenses of $2.45 million for stock-based compensation" as well as a rise in income tax expenses. Despite this, the company's EBITDA for 2023 reached $2.4 million, and it reported cash and cash equivalents of $17.1 million and total assets of $35.6 million. Golden Matrix's inclusion in the Russell 3000 Index marks a significant step forward, highlighting its robust market presence and potential for future growth.

MeridianBet Group

Golden Matrix Group Joins Russell 3000 Index

Golden Matrix Group Inc. Completes Acquisition of MeridianBet Group