Golden Matrix Group Inc. Provides Revenue Guidance for the Fiscal Second Quarter and Six Months Ended January 31, 2020
February 18, 2020 at 09:20 am EST
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Golden Matrix Group Inc. provided revenue guidance for the fiscal second quarter and six months ended January 31, 2020. The company announced that for the second fiscal quarter ended January 31, 2020, the company expects to report revenues exceeding $870,000, up 22% on revenues of $713,542 recorded in the second fiscal quarter ended January 31, 2019.
For the first six months of fiscal (July 31) 2020, the company expects to report revenues of about $1.75 million, a 30% increase on revenues of $1.35 million recorded in the first half of fiscal 2019.
Golden Matrix Group, Inc. is a gaming technology company operating across multiple international markets. The Companyâs the business-to-business (B2B) segment charges for usage of the Companyâs software, and royalties charged on the use of third-party gaming content. This segment develops and licenses proprietary gaming platforms for its extensive list of clients and RKingsCompetitions Ltd. (RKings). The business-to-consumer (B2C) division operates a high-volume e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The segment also includes pay to enter prize competitions in the United Kingdom as well as the Companyâs online casino Website (and related activities) in Mexico. The Companyâs B2B and B2C casino, sports betting and tournament platforms creates a global enterprise operating in 17 countries on four continents. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.