Golden Matrix Group Files for a $10 Million Nasdaq Uplisting

Golden Matrix Group, which provides enterprise SaaS solutions for online casino and sports betting operators, filed on Friday with the SEC to raise up to $10 million in an initial public offering. The company is currently listed on the OTC (GMGI).

The company develops and owns online gaming intellectual property and builds configurable and scalable, turn-key and white-label gaming platforms for its international customers, located primarily in the Asia Pacific region. As of 31 January 2021, its systems had over 3.5 million registered players and a total of more than 400 unique casino and live game operations.

The Las Vegas, NV-based company was founded in 2008 and booked $4 million in revenue for the 12 months ended 31 October 2020. It plans to list on the Nasdaq under the symbol GMGI. Kingswood Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.