via NewMediaWire –
Golden Matrix Group Inc.
NASDAQ:GMGI)(“GMGI” or the “Company”), a developer, licensor
and global operator of online gaming and eCommerce platforms,
systems, and gaming content, today announced Brian Goodman, CEO of
Golden Matrix Group will be hosted by JRC Stock Talk, a leading
platform for insightful investor discussions, pursuant to which Mr.
Goodman will participate in an exclusive Q&A.
The Q&A session will take place on Tuesday, February 20,
2024, at 4:30 PM EST on X (formerly Twitter) Spaces, X’s platform
for audio chats.
This event will offer investors a unique opportunity to gain
valuable insights into Golden Matrix Group’s growth trajectory and
industry-leading position as one of the world’s leading iGaming
groups, offering casino, sportsbook, and competition products. Mr.
Goodman will engage in a comprehensive discussion covering key
topics, including:
- GMGI's background and mission
- RKings Competitions: The latest developments on RKings, GMGI's
high-volume competition provider operating in the United Kingdom
and Ireland
- MEXPLAY: Details on the progress and potential of MEXPLAY,
GMGI's licensed Mexican Casino.
- GM-X Platform Debut: The latest on GMGI's cutting-edge B2B
gaming platform
- Pending MeridianBet Acquisition: The latest developments and
strategic benefits of GMGI's planned acquisition of MeridianBet
Group, one of the world’s leading business-to-consumer (B2C) sports
betting and gaming groups.
Don't miss this chance to hear directly from Brian Goodman! To
join you will need to have an X account. Then simply go to
https://www.x.com/JRC_Stocks and the profile image will be
highlighted in blue. Click on it at 4:30 PM EST and it will prompt
you to join the space. You can set a reminder at
https://x.com/i/spaces/1gqxvQBwAbnJB prior to the session’s start
time. Whether you're a seasoned investor or just starting your
research, this event provides valuable insights into GMGI's
business model and exciting future.
About JRC Stock Talk
JRC Stock Talk is a leading platform dedicated to providing
in-depth stock analysis and market commentary. Through interviews,
discussions, and educational resources, JRC Stock Talk empowers
investors to make informed decisions in today's dynamic market.
About Golden Matrix
Golden Matrix Group, based in Las Vegas NV, is an established
B2B and B2C gaming technology company operating across multiple
international markets. The B2B division of Golden Matrix develops
and licenses proprietary gaming platforms for its extensive list of
clients and RKings, its B2C division, 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.
Our sophisticated software automatically declines any gaming or
redemption requests from within the United States, in strict
compliance with current US law.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release and additionally
statements made in the interview contain, and will contain,
forward-looking information within the meaning of applicable
securities laws, including within the meaning of the Private
Securities Litigation Reform Act of 1995 (“forward-looking
statements”). Words such as “strategy,” “expects,” “continues,”
“plans,” “anticipates,” “believes,” “would,” “will,” “estimates,”
“intends,” “projects,” “goals,” “targets” and other words of
similar meaning are intended to identify forward-looking statements
but are not the exclusive means of identifying these
statements.
Important factors that may cause actual results and outcomes to
differ materially from those contained in such forward-looking
statements include, without limitation, the ability of the parties
to close the Meridian Bet Purchase Agreement, as amended and
restated (the “Purchase Agreement”) on the terms set forth in, and
pursuant to the required timing set forth in, the Purchase
Agreement, if at all; the occurrence of any event, change or other
circumstances that could give rise to the right of one or all of
the shareholders of Meridian Bet Group or GMGI (collectively, the
“Purchase Agreement Parties”) to terminate the Purchase Agreement;
the effect of such termination, including breakup and other fees
potentially payable in connection therewith; the outcome of any
legal proceedings that may be instituted against Purchase Agreement
Parties or their respective directors or officers; the ability to
obtain regulatory and other approvals and meet other closing
conditions to the Purchase Agreement on a timely basis or at all,
including the risk that regulatory and other approvals (including
the approval of Nasdaq for the continued listing of GMGI’s common
stock on Nasdaq post-closing) required for the Purchase Agreement
are not obtained on a timely basis or at all, or are obtained
subject to conditions that are not anticipated or the expected
benefits of the transaction; the ability of GMGI to obtain the
funding required to complete such acquisition, the terms of such
funding, potential dilution caused thereby and/or covenants agreed
to in connection therewith; the fact that the sellers have the sole
right to approve the funding required to be obtained in connection
with the acquisition and the terms thereof, and also have the sole
right to determine whether any portion of the Meridian Bet Group’s
cash on hand at closing may be used to pay a portion of the
purchase price payable by GMGI at the closing, which approvals they
may not provide and/or may condition on other events; the ability
to obtain approval by the GMGI’s shareholders; potential lawsuits
regarding the acquisition; potential adverse reactions or changes
to business relationships resulting from the announcement or
completion of the Purchase Agreement; the ability of GMGI to retain
and hire key personnel; the diversion of management’s attention
from ongoing business operations; the expected synergistic
relationships and cost savings from the transactions contemplated
by the Purchase Agreement; uncertainty as to the long-term value of
the common stock of GMGI following the closing of the Purchase
Agreement; the business, economic and political conditions in the
markets in which the Purchase Agreement Parties operate; the effect
on GMGI and its operations of the ongoing Ukraine/Russia conflict
and the conflict in Israel, high interest rates and inflation, and
risks of recessions; the need for additional financing, the terms
of such financing and the availability of such financing; the
ability of GMGI and/or its subsidiaries to obtain additional gaming
licenses; the ability of GMGI to manage growth; GMGI’s ability to
complete acquisitions and the available funding for such
acquisitions; disruptions caused by acquisitions; dilution caused
by fund raising, the conversion of outstanding preferred stock
and/or acquisitions; GMGI’s ability to maintain the listing of its
common stock on the Nasdaq Capital Market (both before the closing
and after the closing); GMGI’s expectations for future growth,
revenues, and profitability; GMGI’s expectations regarding future
plans and timing thereof; GMGI’s reliance on its management; the
fact that GMGI’s chief executive officer has voting control over
the Company and the fact that the sellers will obtain voting
control over GMGI following the completion of the acquisition of
Meridian Bet; related party relationships; the potential effect of
economic downturns, recessions, increases in interest rates and
inflation, and market conditions, decreases in discretionary
spending and therefore demand for our products and services, and
increases in the cost of capital, related thereto, among other
affects thereof, on GMGI’s operations and prospects; GMGI’s ability
to protect proprietary information; the ability of GMGI to compete
in its market; the status of GMGI’s internal controls; dilution
caused by efforts to obtain additional financing; the effect of
current and future regulation, GMGI’s ability to comply with
regulations and potential penalties in the event it fails to comply
with such regulations and changes in the enforcement and
interpretation of existing laws and regulations and the adoption of
new laws and regulations that may unfavorably impact our business;
the risks associated with gaming fraud, user cheating and
cyber-attacks; risks associated with systems failures and failures
of technology and infrastructure on which GMGI’s programs rely;
foreign exchange and currency risks; the outcome of contingencies,
including legal proceedings in the normal course of business; the
ability to compete against existing and new competitors; the
ability to manage expenses associated with sales and marketing and
necessary general and administrative and technology investments;
and general consumer sentiment and economic conditions that may
affect levels of discretionary customer purchases of GMGI’s
products, including potential recessions and global economic
slowdowns. Although we believe that our plans, intentions and
expectations reflected in or suggested by the forward-looking
statements we make in this release are reasonable, we provide no
assurance that these plans, intentions or expectations will be
achieved.
Other important factors that may cause actual results and
outcomes to differ materially from those contained in the
forward-looking statements included in this communication are
described in GMGI’s publicly filed reports, including, but not
limited to, under the “Special Note Regarding Forward-Looking
Statements,” “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” sections
of GMGI’s periodic and current filings with the SEC, including the
Form 10-Qs and Form 10-Ks, including, but not limited to, GMGI’s
Annual Report on Form 10-K for the year ended October 31, 2023, and
future periodic reports on Form 10-K and Form 10‑Q. These reports
are available at www.sec.gov.
The Company cautions that the foregoing list of important
factors is not complete and does not undertake to update any
forward-looking statements except as required by applicable law.
All subsequent written and oral forward-looking statements
attributable to GMGI or any person acting on behalf of any Purchase
Agreement Parties are expressly qualified in their entirety by the
cautionary statements referenced above. Other unknown or
unpredictable factors also could have material adverse effects on
GMGI’s future results. The forward-looking statements included in
this press release are made only as of the date hereof. GMGI cannot
guarantee future results, levels of activity, performance or
achievements. Accordingly, you should not place undue reliance on
these forward-looking statements. Finally, GMGI undertakes no
obligation to update these statements after the date of this
release, except as required by law, and takes no obligation to
update or correct information prepared by third parties that is not
paid for by GMGI. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements.
No Offer or Solicitation
This communication and the proposed Interview is for
informational purposes only and is not intended to and shall not
constitute a solicitation of a proxy, consent or authorization with
respect to any securities or in respect of the Purchase Agreement
and is not intended to and shall not constitute an offer to sell or
the solicitation of an offer to sell or the solicitation of an
offer to buy or subscribe for any securities or a solicitation of
any vote of approval, nor shall there be any sale, issuance or
transfer of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
Connect with us:
Twitter - https://twitter.com/GMGI_Official
Instagram - https://www.instagram.com/goldenmatrixgroup/
Golden Matrix GroupContact: Scott Yanir@goldenmatrix.com
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