Golden Matrix Applies for Mexican Gaming License

LAS VEGAS, NV, March 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group, Inc. (OTCQX: GMGI), a developer and licenser of gaming platforms, systems and gaming content, today announced it has applied for a Mexican gaming license and, once approved, expects to offer igaming in Mexico, and launch the RKings tournament platform.

According to Golden Matrix CEO Brian Goodman, “This a logical move for the company, as it opens up compelling opportunities in the Latin America (LATAM) B2C market; and it begins the expansion of the RKings tournament platform to our first region outside of the UK and Ireland. We are confident that, in addition to casino games and sports book betting, RKings will be received enthusiastically, generate significant revenues and boost our overall profitability.”

Mr. Goodman noted that, as previously announced, GMGI achieved record quarterly revenues in the first fiscal quarter ended January 31, 2022. As a result of the company’s acquisition of an 80 percent controlling ownership interest in RKings at the beginning of the current fiscal year, RKings provided significant revenue contributions throughout the quarter.

Further information regarding the results of GMGI’s operations for the first fiscal quarter ended January 31, 2022 will be included in the Quarterly Report on Form 10-Q, which the company plans to file with the Securities and Exchange Commission on or before March 10, 2022.

About Golden Matrix

Golden Matrix Group, based in Las Vegas, NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications.

Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.

About Rkings

Based in Northern Ireland, Rkings is a prize competition business offering customers in Ireland and the United Kingdom paid for entry, and free entry, routes to enter prize competitions in order to win a range of consumer products as prizes. Customers can access competitions via iOS or Android apps as well as online where they can win prizes ranging from super cars through to luxury holidays.