{"id":7299,"date":"2024-06-07T05:29:54","date_gmt":"2024-06-07T05:29:54","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/06\/07\/golden-matrix-group-joins-russell-3000-index\/"},"modified":"2024-06-07T05:29:54","modified_gmt":"2024-06-07T05:29:54","slug":"golden-matrix-group-joins-russell-3000-index","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/06\/07\/golden-matrix-group-joins-russell-3000-index\/","title":{"rendered":"Golden Matrix Group Joins Russell 3000 Index"},"content":{"rendered":"<div>\n<p>Meridian Gaming recently announced that Golden Matrix Group (GMGI) has been included in the Russell 3000 Index. This significant milestone underscores GMGI\u2019s established market presence and impressive growth trajectory.<\/p>\n<p>In a statement, the company emphasized the benefits of this inclusion: <em>\u201cThis inclusion can lead to increased liquidity, greater investor interest, and overall market recognition, providing substantial benefits to both the company and its shareholders.\u201d<\/em><\/p>\n<p>Golden Matrix remains committed to its growth strategy, leveraging its strengths to drive innovation and deliver value to shareholders. The company\u2019s solid financial performance and recognition in the Russell 3000 Index reinforce its commitment to long-term growth and shareholder value.<\/p>\n<h2>CEO\u2019s Perspective<\/h2>\n<p>Company CEO Brian Goodman hailed the achievement as a major milestone for Golden Matrix. He commented, <em>\u201cWe are honored to join the Russell 3000 Index. This milestone reflects our strong market presence and growth potential, positioning us for continued success and greater visibility within the investment community.\u201d<\/em><\/p>\n<p>Golden Matrix operates as a licensor, developer, and global operator in both eCommerce and online gaming platforms. The previous fiscal year saw the company generate $44.2 million in revenue, marking the highest full-year revenue in its history. This reflects an increase of nearly $8 million compared to the previous year\u2019s results.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/sbet\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Sportbet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/12\/250x250-sportbetone.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/sbet\/\" title=\"Sportbet\" target=\"_blank\" rel=\"nofollow noopener\">Sportbet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>175% Extra +<strong> $75 Risk Free Bet<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 175% on 1st Deposit + $75 Risk Free Bet<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/sbet\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>However, the company reported a net loss of nearly $1.2 million for 2023. This loss was attributed to<em> \u201cgeneral and administrative non-cash expenses of $2.45 million for stock-based compensation\u201d<\/em> as well as a rise in income tax expenses. Despite this, the company\u2019s EBITDA for 2023 reached $2.4 million, and it reported cash and cash equivalents of $17.1 million and total assets of $35.6 million.<\/p>\n<p>Golden Matrix\u2019s inclusion in the Russell 3000 Index marks a significant step forward, highlighting its robust market presence and potential for future growth.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/golden-matrix-group-joins-russell-3000-index\/\">Golden Matrix Group Joins Russell 3000 Index<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meridian Gaming recently announced that Golden Matrix Group (GMGI) has been included in the Russell 3000 Index. This significant milestone underscores GMGI\u2019s established market presence and impressive growth trajectory. In a statement, the company emphasized the benefits of this inclusion: \u201cThis inclusion can lead to increased liquidity, greater investor interest, and overall market recognition, providing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7299","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7299"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7299\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}