Golden Matrix Group, Inc. Provides Earnings Guidance for the Second Quarter Ended January 31, 2019
February 04, 2019 at 07:50 pm IST
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Golden Matrix Group, Inc. provided earnings guidance for the second quarter ended January 31, 2019. For the quarter, the company expects to report revenues exceeding $700,000, a 10% improvement on revenues of $638,695 generated in its first quarter ended October 31, 2018. The company also said it expects to report “solid profitability” in the second fiscal quarter, with operating margins similar to those achieved in the previous quarter.
Golden Matrix Group, Inc. is a gaming technology company operating across multiple international markets. The Companyâs the business-to-business (B2B) segment charges for usage of the Companyâs software, and royalties charged on the use of third-party gaming content. This segment develops and licenses proprietary gaming platforms for its extensive list of clients and RKingsCompetitions Ltd. (RKings). The business-to-consumer (B2C) division operates a high-volume e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The segment also includes pay to enter prize competitions in the United Kingdom as well as the Companyâs online casino Website (and related activities) in Mexico. The Companyâs B2B and B2C casino, sports betting and tournament platforms creates a global enterprise operating in 17 countries on four continents. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.
GOLDEN MATRIX GROUP, INC. 
