| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 58.36 | 7909 |
| Intrinsic value (DCF) | 461.93 | 63291 |
| Graham-Dodd Method | 0.13 | -82 |
| Graham Formula | n/a |
Golden Matrix Group, Inc. (NASDAQ: GMGI) is a leading enterprise software-as-a-service (SaaS) provider specializing in online casino and sports betting solutions. Headquartered in Las Vegas, Nevada, the company develops proprietary gaming platforms that enable operators to offer online casinos, sportsbooks, lottery, and live games. Serving primarily the Asia Pacific and European markets, Golden Matrix provides a comprehensive suite of licensed gaming content through desktop and mobile applications. The company’s business model revolves around licensing its gaming intellectual property and reselling third-party content, positioning it as a key player in the rapidly growing online gaming industry. With a focus on scalable, technology-driven solutions, Golden Matrix caters to the increasing global demand for digital gaming and betting platforms. Despite operating in a highly competitive sector, the company’s niche focus on enterprise SaaS for gaming operators differentiates it from consumer-facing competitors.
Golden Matrix Group presents a high-risk, high-reward investment opportunity in the fast-growing online gaming sector. The company’s SaaS-based model provides recurring revenue potential, and its focus on B2B gaming solutions reduces exposure to regulatory risks faced by consumer-facing operators. However, the company reported a net loss of $1.17 million in FY 2023, with negative diluted EPS of -$0.0331, signaling financial challenges. Its $44.17 million revenue and $17.1 million cash position provide some stability, but the high beta of 1.56 indicates significant volatility. Investors should weigh the growth potential of the online gaming market against execution risks and competitive pressures.
Golden Matrix Group operates in the competitive online gaming and betting platform sector, differentiating itself through a B2B-focused SaaS model. Unlike consumer-facing operators, GMGI provides the underlying technology and content for other gaming businesses, reducing direct regulatory exposure. The company’s competitive advantage lies in its proprietary gaming platforms and access to licensed content, which appeal to operators seeking turnkey solutions. However, its relatively small market cap (~$189.6M) limits its ability to compete with larger gaming tech providers in terms of R&D and global reach. GMGI’s primary markets (Asia Pacific and Europe) are growth-oriented but also highly competitive, with entrenched local players. The company’s ability to scale its platform and secure high-value partnerships will be critical to maintaining its position. While its asset-light SaaS model is scalable, GMGI must continue investing in technology and content to stay ahead of rivals offering similar enterprise solutions.