Argus Research Expands Coverage on Golden Matrix Group's Growth in Gaming Sector

Argus Research Expands Coverage on Golden Matrix Group

In a significant development for investors and industry watchers alike, Argus Research, a prominent independent investment research firm, has announced the initiation of its equity research report coverage on Golden Matrix Group, Inc. (NasdaqCM GMGI). This coverage aims to provide insights into GMGI's strategic investments and operational growth, particularly within the competitive gaming and betting markets.

Key Highlights of GMGI

A Growing Player in Gaming Markets

GMGI is rapidly establishing itself as a significant player in the global gaming and betting landscapes. The company's strategy encompasses an extensive portfolio of software solutions and products for the gaming industry. Their offerings include casino services, sportsbooks, and various competitive gaming products, available through both B2B and B2C models. By March 2025, GMGI has successfully expanded its operations into over 20 international markets. Noteworthy is the recent licensing success of its subsidiary, Meridianbet, in Brazil—one of the largest regulated gaming markets in the world. This licensing is expected to provide lasting operational benefits.

Strategic Mergers and Acquisitions

In recent years, GMGI has adopted a proactive approach to growth through strategic mergers and acquisitions. The company’s focus has been on acquiring entities that were previously strategic partners, which minimizes operational risks. By retaining the management teams from these acquisitions, GMGI aims to ensure continuity and expertise in the oversight of these new ventures. For instance, Meridianbet’s management brings over two decades of experience as a respected name in sports betting and internet gaming, positioning GMGI favorably in the industry.

Advanced Proprietary Technology

A notable innovation introduced by GMGI is its advanced B2B iGaming aggregator platform, referred to as GM-AG (Atlas), launched in 2024. This cutting-edge platform allows online gaming operators to access a library of over 10,000 games, enabling efficient expansion into new markets. A key feature of the platform is its integration of artificial intelligence (AI), which enhances user engagement through learning algorithms and tailored betting recommendations.

Financial Position and Growth Potential

As of the end of December 2024, GMGI reported a robust cash position of $30.1 million, coupled with a manageable net debt to EBITDA ratio of 1.8x. This financial stability positions GMGI to pursue its expansion strategy effectively, utilizing both its cash reserves and free cash flow to explore additional acquisition opportunities that may arise.

Analysis of Fair Value

According to Argus Research's assessment, the forward enterprise value (EV) to revenue model suggests a fair valuation of GMGI shares at $4.00. This figure aligns with the company’s growth trajectory and market position, indicating a promising investment opportunity for stakeholders.

Investment Thesis

The decision to initiate coverage by Argus Research on Golden Matrix Group emphasizes the firm’s belief in the company’s operational strategy and market potential. With the ongoing expansion in regulated markets and innovative technology solutions, GMGI stands poised for future growth.

To read the complete Argus Equity Research Report and gain deeper insights into GMGI's market strategies and predictions, visit Golden Matrix Group’s site. This report sheds light on the essential aspects of GMGI’s journey and growth potential in the bustling gaming industry, confirming their status as a significant contender in the market.

For additional inquiries, Brian Goodman, the CEO of Golden Matrix Group, can be reached at his official email, and Zoran Milosevic, CEO of Meridianbet, is also available for further information on the subsidiary’s operations in the expanding Latin American market.

Argus Research remains committed to delivering comprehensive and strategic insights to investors, ensuring they remain well-informed amid the evolving market landscape.