NetworkNewsBreaks – Golden Matrix Group Inc. (NA
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Posted On: 06/17/2022 3:43:44 PM
NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Eyes Accelerated Growth of B2C Businesses
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, made its foray into the business-to-consumer (“B2C”) marketplace in December following the acquisition of an 80% stake in RKings Competitions Ltd. RKings is a United Kingdom-based company and leading operator of online skill-based competitions throughout the U.K. and Ireland. A recent article reads: “Less than six months into its ownership, Golden Matrix gave RKings a robust upgrade, launching the tournament platform with added features and functionality. Expectations are that the new platform will increase both the monthly number of skill tournaments and participants, thus generating even stronger revenue and profit from RKings’ prize competition business… ‘This significant upgrade to the RKings platform will accelerate the growth of our B2C businesses, offering added functionality and features and also allowing us to expand into new geographic regions and strengthen our global footprint,’ said Golden Matrix CEO Brian Goodman… In its recent press release on the RKings upgrade, Golden Matrix noted that the expansion into B2C has made an immediate impact on the top and bottom lines in the first half of fiscal 2022 (ended April 30, 2022).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, made its foray into the business-to-consumer (“B2C”) marketplace in December following the acquisition of an 80% stake in RKings Competitions Ltd. RKings is a United Kingdom-based company and leading operator of online skill-based competitions throughout the U.K. and Ireland. A recent article reads: “Less than six months into its ownership, Golden Matrix gave RKings a robust upgrade, launching the tournament platform with added features and functionality. Expectations are that the new platform will increase both the monthly number of skill tournaments and participants, thus generating even stronger revenue and profit from RKings’ prize competition business… ‘This significant upgrade to the RKings platform will accelerate the growth of our B2C businesses, offering added functionality and features and also allowing us to expand into new geographic regions and strengthen our global footprint,’ said Golden Matrix CEO Brian Goodman… In its recent press release on the RKings upgrade, Golden Matrix noted that the expansion into B2C has made an immediate impact on the top and bottom lines in the first half of fiscal 2022 (ended April 30, 2022).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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