Golden Matrix Group has released its preliminary revenue results for its 2022 fiscal year. The company’s business year ended on October 31.
Golden Matrix posted an estimated revenue of more than $34m for the year, which reflects an increase of 201% year-over-year.
During the fiscal year, the company acquired an 80% controlling interest in RKingsCompetitions Ltd (RKings), which has awarded its players more than $14.5m in various prizes that include luxury goods, jewelry and luxury cars.
Its tournament platform currently has more than 261,000 registered users.
Golden Matrix CEO Brian Goodman elaborated on the company’s year-to-date progress and its growing user base.
He commented: “The company’s traditional business-to-business (B2B) gaming segment showed a 30% improvement in revenue growth for the twelve months ended October 31, 2022, compared to 2021, and it currently services over 600 online casino brands with more than 6.8 million registered users across all GM-X platforms.”
Golden Matrix is based in Las Vegas, Nevada and is a developer and licensor of online gaming platforms, systems and gaming content. Its platform is available through mobile apps and desktops.
The company recently launched its B2B aggregate gaming system, GMX-Ag. It is now live with eight online casino operators in six countries. The iGaming system gives players access to a single wallet option and offers operators casino, sportsbook and live gaming content by way of a single integration.
Through its recently released licensed proprietary online casino, MexPlay, players across Mexico have access to slots and table games, as well as a sportsbook. MexPlay will also offer users tournament competition prizes that are similar to the ones the company’s UK-based RKings subsidiary offers.
