Coronavirus is a ‘wake-up call’ for China, Macau casinos to embrace online gambling "Online gambling up 90%". The Rise of Online Gambling Market In the APAC Region, https://www.facebook.com/GMGI.golden.matrix.group/, https://www.instagram.com/goldenmatrixgroup/, https://goldenmatrix.com/wp-content/uploads/2020/06/Q1FY21.pdf, https://www.facebook.com/GMGI.golden.matrix.group/videos/574325729665551/, https://dazeinfo.com/2019/01/11/online-gambling-market-apac-growth/, GMGI News: Small Company Offering and Sale of Securities Without Registration (d), GMGI News: Initial Statement of Beneficial Ownership (3). Something went wrong while loading Watchlist. Subscriber Agreement & Terms of Use,
2020 Looks like the Market Makers are at work. It could launch later in the year, but it might miss the increased interest in esports betting by that time. Actual results may differ materially from those projected in the forward-looking statements. La plateforme de la société est sans équivalent dans les applications de bureau et mobiles. GMGI News: Golden Matrix Achieves 1st Million Dollar QT and 8th Consecutive QT of Profitability; Registered User Base Exceeds 3.3 Mill... CEO Brian Goodman. Performance & security by Cloudflare, Please complete the security check to access. What Does That Mean? Legal sports betting is essentially halted due to the ongoing COVID-19 (coronavirus) pandemic. Required fields are marked *. CFB Betting Brief 10/16/2020: Alabama Vs. Georgia Headline Big Weekend, New Mexico’s Santa Ana Star Sportsbook Reaches 2 Year Anniversary. © 2020 Verizon Media. Temps Différé OTC Bulletin Board - Other OTC -. Finally, the company undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by the company.Golden Matrix Group, Inc. Consolidated Balance Sheet As of As of July 31, 2020January 31, 2020 (Unaudited)(Audited) ASSETS Current assets: Cash and cash equivalents2,905,4771,856,505 Account receivable, net685,098791,340 Account receivable - related party, net1,174,0581,058,874 Prepaid expense10,658- Total current assets4,775,2913,706,719 Total Assets4,775,2913,706,719 LIABILITIES AND SHAREHOLDERS EQUITY Current liabilities: Accounts payable and accrued liabilities262,07725,621 Accounts payable - related parties817,633660,682 Advances from shareholders1,0001,000 Accrued interest3,35041,964 Settlement payable - related party – in default 9,303145,000 Settlement payable - related party 145,000145,000 Convertible notes payable, net of discounts-30,000 Convertible notes payable, net- in default10,00010,000 Promissory note - related party -174,254 Contingent liability29,988- Customer deposit5,000- Total Current liabilities1,283,3511,233,521 Total liabilities 1,283,3511,233,521 Shareholder's equity: Preferred stock, Series A: $0.00001 par value; 19,999,000 shares authorized, none outstanding-- Preferred stock, Series B: $0.00001 par value, 1,000 shares authorized,1,000 and 1,000 shares issued and outstanding, respectively-- Common stock: $0.00001 par value, 40,000,000 shares authorized, 19,039,098 and 18,968,792 shares issued and outstanding, respectively190190 Additional paid-in capital28,648,03027,944,652 Accumulated other comprehensive loss (683)(683) Accumulated deficit(25,155,597)(25,470,961) Total shareholders’ equity3,491,9402,473,198 Total liabilities and shareholders’ equity4,775,2913,706,719 Golden Matrix Group, Inc. Condensed Consolidated Statements of Operations and Comprehensive Loss Unaudited Three months ended July 31, Six months ended July 31, 20202019 20202019 Revenues514,056287,247 717,255450,019 Revenues-related party531,369505,560 1,062,9341,079,957 Cost of goods sold(394,732)331,353 (426,228)116,504 Gross profit650,6931,124,160 1,353,9611,646,480 Operating expenses G&A expense105,22282,554 215,862187,963 G&A expense- related party405,37395,169 743,019204,070 Bad debt expense-168,557 -168,557 Loss on contingent liability – related party-- -6,791 Professional fees46,73322,580 67,12130,563 Total operating expenses557,328368,860 1,026,002597,944 Gain from operations93,365755,300 327,9591,048,536 Other income (expense) Interest expense(3,663)(20,188) (9,814)(37,356) Interest earned2325,774 1,5288,120 Foreign exchange gain (loss)(4,309)- (4,309)- Gain (loss) on derivative liability-(4,091) -(3,182) Total other income (expense)(7,740)(18,505) (12,595)(32,418) Net income85,625736,795 315,3641,016,118 Per share information Net earnings per common share - basic0.000.04 0.020.05 Net earnings per common share - diluted0.000.03 0.010.04 Weighted average number of common shares outstanding - basic 19,032,83318,968,792 19,001,16418,946,692 Weighted average number of common shares outstanding - diluted31,670,82027,985,931 31,477,38627,883,077 Connect with us: Twitter - https://twitter.com/GMGI_Group Instagram - https://www.instagram.com/goldenmatrixgroup/ Golden Matrix Group info@goldenmatrix.com Tel: (702) 318-7548 www.goldenmatrix.com, Technical Assessment: Bullish in the Intermediate-Term, Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. Intraday data delayed at least 15 minutes or per exchange requirements. That means gaming companies have plenty of time to focus on other ventures, such as esports betting. “We have made great strides in preparing the company to qualify for Nasdaq, and we believe the uplisting of GMGI shares to a national exchange in coordination with our anticipated growth will have a positive impact on shareholder value. Quote from Brian Goodman on the Golden Matrix Group, Inc facebook page: Below is a link to an article out on #WSJ https://bit.ly/2Uyp8jx CEO, Brian Goodman said, “I strongly believe there will be a major Paradigm shift in the Casino Industry. EIGHTH CONSECUTIVE QUARTER OF PROFITABILITY • Revenues (Q2 ’21) of $1,045,425 compared with revenues of $792,807 in like year-ago quarter • Excluding stock-based compensation, profit of $453,194 versus profit of $443,125 in Q2 ’20 • Net income of $85,625 versus net income of $736,795 in Q2 ’20 • Cash and cash equivalents of $2,905,477, up from $1,856,505 as of January 31, 2020 • Total assets of $4,775,291, up from $3,706,719 as of January 31, 2020 • Subsequent events: Cash and total assets increased by more than $1.7 million in August through private placement transaction; company applies for uplisting to Nasdaq Capital MarketLAS VEGAS, Sept. 08, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Golden Matrix Group Inc. (OTC: GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today reported its first quarter exceeding $1 million in revenues and its eighth consecutive quarter of profitability.Golden Matrix revenues are derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region and integrated with the company’s state-of-the-art GM-X platform. Privacy Notice, and
Your email address will not be published. Presently, Wei Ting Feng holds the position of Chief Financial Officer & Director at Golden Matrix Group, Inc. Ms. Feng is also on the board of Elray Resources, Inc. © La société a construit un casino de jeux sociaux sous la marque Lucky Panda 888. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Golden Matrix Group Inc. (GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today provided a corporate update on steps the company is taking in calendar 2020 to increase shareholder value and qualify for an uplisting of its stock to a national or international exchange. Currently there are 430 active operators and about 3.3 million registered users across all gaming operator/GM-X platforms.According to CEO Brian Goodman, “We are pleased with the July quarter performance, particularly during these challenging times, as land-based casino operators have recognized the need to develop a stronger online presence.
Unless the app can track who is winning in a game, players could lie when they lose. L'activité de la société est axée sur la technologie logicielle. An honesty program is essential for players to make sure they get paid or they payout their wager properly.
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