- Golden Matrix Group recently announced a tie-up with online slot-game provider, Endorphina
- The venture will see Golden Matrix Group amalgamate Endorphina’s 100 game portfolio on to their existing B2B gaming portfolio
- GMGI currently provide gaming platforms with access to upwards of 10,000 games drawn from over 25 gaming studios via their GMX-Ag system
- Golden Matrix Group separately announced that they were in the process of further expanding their UK-focused RKingsCompetitions’ offering, an online competition provider credited with providing GMGI with over 90,000 new gamers per quarter
Online gambling is disrupting the gaming industry as we know it. The online gaming industry is expected to be grow to an annual value of $81.08 billion in 2022, a remarkable rise of 10.4 percent relative to 2021, with the industry expected to balloon to $115.13 billion in 2026 – representing a CAGR of 9.2 percent (https://ibn.fm/i4rFv). Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content has been a key beneficiary of the trend, providing gaming platforms with access to upwards of 10,000 games through its recently released gaming system, GMX-Ag.
Golden Matrix Group recently announced that the company had entered a partnership with online video-slot game provider, Endorphina (https://ibn.fm/Or6CL). The partnership will see Endorphina, which currently boast a portfolio over 100 games alongside partnerships with over 1,700 providers, amalgamate their gaming portfolio with Golden Matrix’s existing product offering. Crucially, the combination will see Golden Matrix significantly augment their online slots offering, with a recent survey revealing that online slots was the preferred game of choice for 17 percent of all gamblers (https://ibn.fm/EjnML).
Rashad Karimov, Sales manager at Endorphina commented on the tie-up, “We are proud to announce our newly established partnership with Golden Matrix Group. We at Endorphina are always glad to have new opportunities and to be able to present our entertaining portfolio to more players.
“We also believe that this partnership with GMGI will create this opportunity for us. It is a pleasure for me to work with such a professional team,” he continued (https://ibn.fm/5sKnC).
Anthony Goodman, Golden Matrix Group CEO, added: “With years of experience in the industry, GMGI always provides top quality service for the clients. It also includes products we are offering; Therefore we are happy to enter a partnership with such an experienced slot provider company with an expert team behind it. We are looking forward to having a long-term, entertaining and enjoyable partnership with Endorphina.”
Simultaneously, the gaming combination will see Golden Matrix Group further expand their global footprint – through Endorphina’s recent entry into the Czech Republic’s regulated gaming market. Golden Matrix have previously revealed their geographical ambitions, with the company currently applying for a Mexican gaming permit which would allow them to attract new users and offer online gaming within the nation.
Golden Matrix Group separately seized on the opportunity to disclose that the company had launched an upgraded ‘Tournament Platform’ for RKingsCompetitions’ players in Ireland and the United Kingdom, with the objective of increasing the monthly number of skill tournaments and participants, thus generating even stronger revenue and profit from the company’s prize competition. With RKings’ competitions attracting upwards of 90,000 new players per quarter, the move looks to further momentum – and bolster the gaming universe – for Golden Matrix Group’s burgeoning B2C business.
For more information, visit the company’s website at www.GoldenMatrix.com.
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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