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Argus Research Initiates Equity Research Report Coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI)
GMGIGolden Matrix (GMGI) Prnewswire·2025-04-03 11:45

Company Overview - Golden Matrix Group, Inc. (GMGI) is an online gaming company based in Las Vegas, providing a wide range of products and software solutions to industry operators and end users [3] - The company operates in more than 20 regulated jurisdictions globally, including Europe, Africa, Asia Pacific, Central and South America, the U.K., and Australia, offering casino, sportsbook, and competition products [3] Market Position and Growth - GMGI is recognized as a growing player in the global gaming and betting markets, with a strategic focus on expanding its footprint through mergers and acquisitions [5] - The company’s subsidiary, Meridianbet, recently secured a license in Brazil, enhancing its presence in one of the largest regulated gaming markets [5] Strategic Initiatives - GMGI has adopted a strategic M&A model, acquiring companies that were previously strategic partners, which helps in retaining experienced management teams and reducing execution risk [5] - The latest version of GMGI's proprietary B2B iGaming aggregator platform, GM-AG (Atlas), was launched in 2024, providing access to over 10,000 games and incorporating AI capabilities to enhance user engagement [5] Financial Position - As of December 31, 2024, GMGI reported 30.1millionincashandanetdebttoEBITDAleverageratioof1.8times,positioningthecompanywellforfuturegrowthinvestmentsandacquisitionrelatedconsiderations[5]ValuationBasedonforwardenterprisevalue(EV)/revenueanalysis,thefairvalueofGMGIsharesisestimatedat30.1 million in cash and a net debt to EBITDA leverage ratio of 1.8 times, positioning the company well for future growth investments and acquisition-related considerations [5] Valuation - Based on forward enterprise value (EV)/revenue analysis, the fair value of GMGI shares is estimated at 4.00 [5]