Golden Matrix Group (GMGI) Joins Russell 3000 Index

Golden Matrix Group Inc., US-based developer, licensor, and global operator of online gaming and eCommerce platforms, announces its inclusion in the prestigious Russell 3000 Index.

This inclusion underscores the Company’s established market presence and growth trajectory.

Benefits of Russell 3000 Index Inclusion

Being part of the Russell 3000 Index further increases Golden Matrix’s visibility and attractiveness to a broader range of institutional investors. This inclusion can lead to increased liquidity, greater investor interest, and overall market recognition, providing substantial benefits to both the Company and its shareholders.

“We are honored to join the Russell 3000 Index,” said Brian Goodman, CEO of Golden Matrix Group. “This milestone reflects our strong market presence and growth potential, positioning us for continued success and greater visibility within the investment community.”

Strong Financial Performance Behind the Index Inclusion

Golden Matrix has demonstrated impressive financial performance, showcasing the successful integration of Meridianbet and highlighting strategic synergies.

Pro Forma Combined Results for Fiscal Year 2023

Total Revenue: $137.17 million

Gross Margin: 56.95%

Pro Forma Combined Quarterly Results for Q1 2024

Total Revenue: $36.69 million

Gross Margin: 57.41%

Golden Matrix remains focused on executing its growth strategy, leveraging the strengths of both entities to drive innovation and deliver value to shareholders. The company’s solid financial performance and recognition in the Russell 3000 Index reinforce its commitment to long-term growth and shareholder value.