Golden Matrix Group Inc. (NASDAQ: GMGI) (“Golden Matrix” or the “Company”), a developer, licensor, and global operator of online gaming platforms, today announced financial and operational results for the first quarter ended March 31, 2025. The quarter reflects the Company’s strong group execution, platform innovation, and continued expansion across regulated gaming markets.

Brian Goodman, CEO of Golden Matrix, commented, “We entered fiscal 2025 with elevated operating efficiency and diversified revenue streams that continue to scale across high-growth markets. Our raffle segment reached all-time highs, our debt profile strengthened meaningfully, and our B2B and B2C businesses are both operating from positions of renewed financial and strategic strength.”

Financial and Strategic Highlights

• Record Raffle Segment Performance: The Company’s raffle businesses reported all-time highs in revenue, ticket sales, and prize values. User growth surged 146% year-over-year, with 26,000 new registrations in Q1.

• Strategic Balance Sheet Optimization: GMGI eliminated approximately $9.6 million in Lind Global debt and converted over $9.5 million in Meridianbet acquisition-related debt into equity this year, enhancing financial flexibility.

• Revenue Growth: Q1 2025 consolidated revenue was $42.7 million, up 72% year-over-year, partially impacted by a negative 4% FX headwind

• Gross Profit: Gross profit reached $24.2 million, with a consolidated gross margin of approximately 57%. Meridianbet gross margin improved to 72%, while the combined GMAG and Rkings/CFAC segments improved to 29%.

• The Company had a net loss of $300,000 or a 0-cent loss per share. This was a decline of $4.2 million, or 5-cents a share, from the same period last year. The decline was due to an increase in acquisition-related amortization of $1.7 million, interest expense of $1.5 million, and stock-based compensation of $1 million.

• Adjusted EBITDA(1) declined by $0.3 million, or 5%, to $5.6 million, as increased gross profit was offset by an operating spend increase to expand our business geographically, improve our market share, and advance our gaming technology in support of full-year growth initiatives.

Empowering Fans with Risk-Free Sports Predictions

BullBookie, a revolutionary startup in the convergence of sports and blockchain technology, is thrilled to announce the launch of its groundbreaking sports entertainment and fan engagement platform. Built on the robust Cardano blockchain, this innovative platform is set to transform the way fans interact with their favourite sports by offering a risk-free sports prediction experience.

With BullBookie’s platform, sports enthusiasts will be able to stake BBWIN tokens (crypto utility token) on major sporting events, including UFC, boxing, world-class soccer, NBA, and NFL, without the fear of losing their principal. This unique approach ensures that participants can enjoy the thrill of sports predictions while maintaining financial security, as their principal is always returned minus a small service fee, regardless of the outcome.

The platform’s integration with Cardano blockchain technology guarantees transparency and security, providing users with a trustworthy environment to engage in sports predictions. By focusing on fun, community, and responsible entertainment, BullBookie aims to redefine sports entertainment and fan engagement, moving away from traditional gambling models.

“BullBookie is committed to reclaiming the true spirit of sport by empowering fans with a platform that prioritizes enjoyment and community over risk,” said Santiago Blasco, Founder of BullBookie. “Our goal is to make sports predictions accessible and enjoyable for everyone, ensuring that every participant feels like a winner.”

As BullBookie prepares for a global rollout by mid-2026, the platform is poised to reach sports fans worldwide, offering an unparalleled experience that combines cutting-edge technology with the excitement of global sports. This ambitious expansion plan underscores BullBookie’s dedication to innovation and its mission to transform the sports entertainment landscape.

By leveraging the power of blockchain technology, BullBookie could set a new standard for fan engagement, making it possible for sports enthusiasts to connect with their favorite events in a meaningful and risk-free way. As the platform continues to evolve, it promises to deliver a dynamic and engaging experience that resonates with fans across the globe.

BullBookie is also opening the door for venture capital firms and private investors to participate in an exclusive private sale of its BBWIN Utility Token at a discounted rate. This private sale will be followed by a public ICO presale, giving early supporters priority access to the BBWIN token and the BullBookie ecosystem. These initiatives are designed to foster strong partnerships and build an engaged community as BullBookie prepares for its global rollout and redefines the sports engagement experience on Cardano.

BullBookie will cover top tier motor racing events along with premium fighting contests, football, basketball and tennis.

TotoGaming has introduced a new feature – Autobet! The brand continuously seeks innovative ways to make the user’s betting journey as convenient and engaging as possible.

Bet now, celebrate later!

This message clearly conveys the uniqueness of Totogaming’s new feature, and the brand has also demonstrated how it can transform users’ daily experience through a video.

“At TotoGaming, we are dedicated to continuously enhancing the user experience by introducing smart, efficient, and innovative betting solutions. With Digitain’s Autobet, users can set predefined conditions such as bet amount, odds range, and event type, allowing the system to place wagers automatically when criteria are met. This ensures they never miss a betting opportunity while maintaining full control over their bankroll and risk preferences. By eliminating the need for constant manual input, Autobet enhances convenience, enabling users to focus on the thrill of the game”, says Kamo Mailyan, Totogaming’s Product Directions Development Unit Manager.

Autobet is a feature designed specifically to fulfill this mission.

How It Works

Select an event, add your bet to the ticket, and if the Autobet function is activated, a corresponding mark will appear on the ticket.

Then, set the odds range and press the “Place Autobet” button. Once the Autobet is created, the system will automatically place your bet if the event’s odds fall within your selected range and there is a sufficient balance in your gaming account.

What This Means for the User

TotoGaming users can now focus entirely on their favorite sporting events, while the Autobet system takes care of placing their planned bets. Even if the user is offline, the system will continue to operate based on the pre-set conditions.

No need to manually track odds or place bets – the system does it for you.

Automatic betting ensures you never miss an opportunity. Also, this feature works for Single and Multi bets both pre-match and live.

The Result

TotoGaming has successfully launched a feature that serves as the ultimate betting assistant, helping users stay ahead and fully enjoy their favorite sports events. So, let’s bet now, celebrate later!