{"id":267,"date":"2024-06-27T20:40:12","date_gmt":"2024-06-27T17:40:12","guid":{"rendered":"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/"},"modified":"2024-06-27T20:40:12","modified_gmt":"2024-06-27T17:40:12","slug":"gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth","status":"publish","type":"post","link":"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/","title":{"rendered":"GMGI Reports Record Third-Quarter Earnings Driven by RKings Tournaments and Mexplay Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/tFh6KqGHAAc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Golden Matrix Group Inc (GMGI) announced exceptional third-quarter outcomes, with earnings surpassing $11 million (\u00a38.7 million\/\u20ac10.1 million).<\/p>\n<p>The enterprise did not disclose complete quarterly figures for the period ending July 31, but in a market update, stated the record earnings were in line with projections GMGI established the previous month before the third quarter concluded.<\/p>\n<p>GMGI indicated the growth was propelled by its B2C division, RKings tournaments, in the UK. The organization fully acquired RKings in November of the previous year, having obtained a controlling interest in November 2021.<\/p>\n<p>Chief Executive Officer Brian Goodman emphasized a number of operational enhancements at RKings during the third quarter. These included an expanded tournament platform, offering numerous prizes and enabling more victors per draw.<\/p>\n<p>Goodman also referenced the influence of GMGAssets, a supplementary business that provides an option for high-value prize winners in RKings tournaments to select cash instead of awards.<\/p>\n<p>RKings tournaments generated $5.8 million in earnings during the third quarter, while GMGAssets produced $1.7 million.<\/p>\n<p>\u201cJuly was the most successful monthly financial performance for RKings since we acquired it nearly two years ago,\u201d Goodman stated. \u201cIt contributed $7.5 million to total earnings this quarter, which is $1 million more than the roughly $6.5 million contribution in the first and second quarters.\u201d <\/p>\n<p>GMGI is witnessing continued success with Mexplay, its online gaming and sports wagering platform in Mexico.<\/p>\n<p>GMGI also emphasized Mexplay&#8217;s performance, which is its online gaming and sports wagering platform operating in Mexico. Mexplay&#8217;s betting reached $5.8 million, a 393.0% surge compared to the preceding quarter. Total user deposits also climbed by 610.0% to $476,000 from the previous quarter.<\/p>\n<p>Furthermore, Mexplay&#8217;s total registered users reached 32,800 by the end of the third quarter, a 368.0% increase from the prior quarter.<\/p>\n<p>GMGI will disclose further details of its third-quarter results in due time.<\/p>\n<p>GMGI is nearing the completion of the acquisition of MeridianBet Group. Meanwhile, Goodman updated the market on GMGi&#8217;s plans to acquire MeridianBet Group.<\/p>\n<p>GMGI reached an accord in January to acquire MeridianBet for approximately $300 million. The terms of the agreement were altered in July, with GMGI aiming to finalize the deal in the fourth quarter.<\/p>\n<p>Goodman stated that GMGI has made strides in securing the funding required to finalize the deal. This will be presented to shareholders for approval in the coming weeks.<\/p>\n<p>&#8220;Clearly, we are very enthusiastic about completing this transaction as it will transform GMGI into a dynamic and highly lucrative global gaming enterprise,&#8221; Goodman stated.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Golden Matrix Group Inc (GMGI) announced exceptional third-quarter outcomes, with earnings surpassing $11 million (\u00a38.7 million\/\u20ac10.1 million). The enterprise did not disclose complete quarterly figures for the period ending July 31, but in a market update, stated the record earnings were in line with projections GMGI established the previous month before the third quarter concluded. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GMGI Soars: Q3 Earnings Exceed $11 Million<\/title>\n<meta name=\"description\" content=\"Golden Matrix Group Inc (GMGI) reports record third-quarter earnings, driven by strong performance in its UK B2C division, RKings tournaments.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"GMGI Reports Record Third-Quarter Earnings Driven by RKings Tournaments and Mexplay Growth\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Golden Matrix Group Inc (GMGI) reports record third-quarter earnings, driven by strong performance in its UK B2C division, RKings tournaments.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Dreams Take Flight | Secure, Licensed &amp; Thrilling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T17:40:12+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/\",\"url\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/\",\"name\":\"GMGI Soars: Q3 Earnings Exceed $11 Million\",\"isPartOf\":{\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T17:40:12+00:00\",\"dateModified\":\"2024-06-27T17:40:12+00:00\",\"author\":{\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Golden Matrix Group Inc (GMGI) reports record third-quarter earnings, driven by strong performance in its UK B2C division, RKings tournaments.\",\"breadcrumb\":{\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/gmgi-reports-record-third-quarter-earnings-driven-by-rkings-tournaments-and-mexplay-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GMGI Reports Record Third-Quarter Earnings Driven by RKings Tournaments and Mexplay Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/\",\"name\":\"Where Casino Dreams Take Flight | Secure, Licensed &amp; Thrilling\",\"description\":\"Explore the exciting world of online gambling with our regularly updated news, honest reviews, and expert articles. 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