Connect with us
728x90 banner available here

Latest News

Spotlight on Golden Matrix’s (GMGI) Raffle Engines: RKings & Classics for a Cause

Published

on

Reading Time: 2 minutes

Golden Matrix Group, Inc. (NASDAQ: GMGI), a diversified global gaming and entertainment group, is increasingly gaining recognition for more than just its flagship sportsbook and casino brand, Meridianbet.
The company’s raffle business units—RKings Competitions in the UK & Ireland, and Classics for a Cause in Australia—are also becoming pivotal contributors to GMGI’s bottom line, brand equity, and strategic market diversification.
GMGI operates six integrated entities across sportsbook, iGaming, white-label B2B platforms, proprietary game development, and raffle-based models. This diversification enhances margin efficiency while reducing regulatory concentration risk.
RKings: A Scalable UK Raffle Engine with Premium Prizes
Founded in 2018 and fully acquired by GMGI in 2022, RKings Competitions offers players across the UK and Northern Ireland the chance to win high-end cars, houses, and life-changing cash prizes via online draws. With affordable entry points and massive prize pools, RKings has built a loyal audience of raffle participants.
FY2024 Performance Highlights:
  • Revenue: $28 million (up 24% YoY from $23M)
  • Tickets Sold: Over 11 million, up from 10.5M in FY23
  • Prizes Awarded: $22 million across hundreds of campaigns
  • Gross Profit: $6 million (up from $5.6M FY23)
Q1 2025 Update:
  • Revenue rose to $6.89 million, up 3% YoY
  • Continued strong user engagement and new prize categories are maintaining momentum
RKings operates with outstanding CAC efficiency, averaging around $2 per customer, showcasing exceptional scalability and marketing ROI.
Classics for a Cause: Australia’s Subscription-Based Charity Raffle Model
Classics for a Cause is Australia’s standout discount raffle platform, combining philanthropy with high-engagement entertainment. The brand partners with reputable charities to raffle off iconic classic cars, channeling proceeds into social causes while delivering premium value to participants.
Post-Acquisition Growth (acquired in mid-Q3 FY24):
  • Surpassed 10,000 VIP members
  • Over 2 million orders, with exponential momentum in 2025
  • Team doubled in size, and a new platform was launched to enhance UX and retention
Q1 2025 Financials:
  • Revenue: $2.3 million
  • EBITDA: $466K, thanks to a lean, high-margin model and effective customer loyalty mechanics
This B2C subscription raffle model has proven to be both profitable and mission-driven, making it a rare dual-impact business in the gaming sector.
The Bigger Picture: Raffles as a Strategic Growth Lever
Globally, raffle-based business models are tapping into two megatrends:
  • Subscription monetization (predictable, recurring revenue)
  • Affordable luxury experiences (lottery mechanics for Gen Z and Millennials)
Platforms like RKings and Classics sit at the intersection of entertainment, aspiration, and accessibility, using digital-first platforms to generate massive engagement and repeat purchasing behavior.
GMGI: A Diversified Gaming Tech Company with a Lean & Scalable Model
GMGI is structured into six synergistic operating divisions:
Meridianbet – Online and retail sportsbook/casino in Europe, Africa, LATAM
RKings  – Online raffle platform with premium prizes (UK, Ireland)
Classics – Classic car raffles tied to charities (Australia)
GMAG – Casino white-label platform & aggregator (Asia B2B)
Expanse – Proprietary iGaming content studio (slots, crash, table games)
Mexplay – Online casino and betting (Mexico)
According to the latest company data:
  • Raffle businesses account for 26% of GMGI’s total revenue
  • Meridianbet contributes 65%
  • Aggregators & content B2B contribute the remaining 9%
GMGI operates under a lean, tech-driven structure with four core pillars:
  • Expansion into high-margin markets
  • Technology built in-house (including Expanse Studios)
  • Efficiency through low overhead and smart acquisitions
  • Capital discipline to balance growth and profitability

The post Spotlight on Golden Matrix’s (GMGI) Raffle Engines: RKings & Classics for a Cause appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

The winners of the Casino Guru Awards 2025 announced: A night of celebration, integrity, and inspiration

Published

on

Reading Time: 2 minutes

 

The Casino Guru Awards 2025 concluded in spectacular fashion last night, as nearly 150 distinguished guests gathered at the stunning Portomaso Suite, Hilton Hotel, to honor the changemakers shaping a safer and fairer future for online gambling.

From laughter echoing through the elegant venue to heartfelt applause for industry trailblazers, the atmosphere was vibrant and full of purpose. The night wasn’t just a gala, it was a statement. In her opening speech, Daniela Sliva, PR & Creative Projects Director at Casino Guru, set the tone: “The Casino Guru Awards are more than just trophies and titles. They’re a celebration of the people and companies who are truly moving the industry forward. The ones who choose to be responsible, innovative, and proactive in how they do business.”

Hosted by Martin Sepiano, the evening honored the winners in 10 categories, all evaluated through a radically transparent and values-driven process. And the winners are:

  • iGaming Changemaker of the Year: Ebbe Groes, CEO, EveryMatrix
  • Most Effective Handling of Complaints: Vulkan Vegas
  • Most Transparent Casino: OnlyWin Casino
  • Most Impactful Social Responsibility Initiative: Mindway AI
  • Fairest General Terms & Conditions: OnlyWin Casino
  • Fairest Bonus Policy: Wazbee Casino
  • Best Implementation of RG Tools (Operators): L&L Europe
  • Best Implementation of RG Tools (Providers): Mindway AI
  • Voice of the People – Public Vote: iWild Casino
  • Players’ Choice Casino – Public Vote: Pragmatic Play

Following the awards, the celebration continued at the glamorous Tiffany Lounge, where guests enjoyed cocktails, conversation, and music by DJ Luke Panza until late into the night.

The Awards stand apart for their credibility, with judges required to declare conflicts of interest, direct interviews with shortlisted nominees, and clear evaluation criteria. This year’s edition saw over 150,000 public votes in the “Voice of the People” category, reinforcing the Awards’ commitment to transparency and community-driven recognition.

“This night isn’t just about recognition, it’s about building momentum for lasting change,” added Sliva. “Seeing this room filled with leaders who care about integrity and fairness makes me hopeful for what’s next.”

With a powerful lineup of finalists, the Casino Guru Awards 2025 Gala reaffirmed that ethical innovation in iGaming isn’t just an ideal, it’s becoming a reality.

 

The post The winners of the Casino Guru Awards 2025 announced: A night of celebration, integrity, and inspiration appeared first on European Gaming Industry News.

Continue Reading

Latest News

Esports Charts and FURIA Extend Partnership, Expanding Coverage to the Kings League

Published

on

Reading Time: 2 minutes

 

Esports Charts, the leading esports viewership analytics provider, today announced the extension of its long-standing partnership with FURIA, one of Brazil’s most prominent esports organizations.

The renewed agreement will see Esports Charts providing comprehensive audience insights and data to FURIA through 2027, with a significant expansion into the world of media football.

The partnership between FURIA and Esports Charts, which began in 2021, now also covers FURIA’s participation in the Kings League—a groundbreaking media league that brings together well-known personalities and offers a unique take on minifootball. Esports Charts will provide FURIA with detailed analytics for key Kings League tournaments, including the Kings World Cup and Kings League Brazil events.

“We are thrilled to continue our partnership with FURIA and expand our coverage into the exciting world of media football. FURIA has been a valued partner since 2021, and we are excited to support their continued growth and success in both esports and new ventures like the Kings League.” said Artyom Odintsov, co-founder and CEO at Esports Charts

FURIA’s involvement in the Kings League is spearheaded by co-founder Cristian Guedes and global football superstar Neymar Jr, who serve as Presidents of Furia FC. This unique blend of esports and traditional sports is attracting a massive audience and opening new opportunities specifically for organizations like FURIA and their sponsors. While the Kings League itself is not an esports competition, it creates fresh exposure and value for esports organizations in a new area.

“Renewing our partnership with Esports Charts is strategic for FURIA. Having access to reliable, real-time data allows us to make quick, assertive decisions, better understand our audience’s behavior and deliver more value to our athletes, fans and partners. Expanding this analysis to soccer, especially with the Kings League, is a natural step in our vision of integrating technology, performance and entertainment on all fronts where we operate.” said Milton Stiilpen Junior, CTO at FURIA

Esports Charts’ ongoing work with FURIA highlights both its leadership in esports analytics and the broader vision of AWERTI. As AWERTI expands its data expertise beyond esports to cover sports and entertainment streaming, Esports Charts remains the go-to platform for esports data. The extensive coverage of FURIA’s participation in leagues and tournaments like the Kings World Cup Clubs 2025 shows AWERTI’s commitment to providing data-driven insights across all digital content.

 

The post Esports Charts and FURIA Extend Partnership, Expanding Coverage to the Kings League appeared first on European Gaming Industry News.

Continue Reading

Latest News

F1 trailblazer Claire Williams OBE confirmed as iGB L!VE keynote

Published

on

Reading Time: 2 minutes

Claire Williams OBE, former leader of the Williams Formula 1 racing team has been confirmed as the keynote at July’s iGB L!VE

Claire Williams OBE, the former leader of the Williams Formula 1 racing team and one of the most prominent and successful women in F1 history has been confirmed as the keynote at July’s iGB L!VE the first edition to be held in London.

Exploring the best practice parallels which can be drawn between the data-driven worlds of F1 and iGaming, Claire will be in conversation with the award-winning journalist and broadcaster Nadine Dereza on the Pulse Stage at ExCeL London on Tuesday 2 July.

Announcing iGB L!VE’s high profile inspirational key note, Naomi Barton Global Portfolio Director responsible for the iGB brand said: “I am delighted that Claire who is one of only two women to head a F1 team in the modern era will be bringing her experience and insight to what is an historic edition of iGB L!VE.

“An inspirational leader she was responsible for transforming Williams F1 from an outdated, male-dominated culture into one renowned for being a pioneer of innovative technology, sustainability, diversity and inclusion.

“Her development of a high-performance team culture galvanised an underperforming race team that had been struggling on and off the grid to its best finishing positions in years.

“Progressing from the Silverstone press office to leading a group of over 1,000 employees, she possesses an authentic and fearless approach to leadership. Her keynote will be one of many ‘must attends’ of the iGB L!VE experience and will underline the brand’s focus on driving increased performance in the industry as well as our unswerving commitment to diversity.”

Looking ahead to her appearance at what is poised to be the biggest edition of iGB L!VE on record Claire Williams noted: “There are a number of ways that Formula 1 can inspire businesses and provide tangible takeaways for iGaming operators of all sizes, from product innovation to navigating entry into new markets.

“As well as key requirements such as having a dynamic leadership, a culture of continuous improvement, hiring the very best problem solvers and being the first to embrace technology advances, F1 also demands the organisational agility that’s necessary to nuance strategy in what is an ultra-competitive space. I look forward to exploring the lessons provided by F1 that will inspire iGaming leaders attending iGB L!VE.”

iGB L!VE (2nd- 3rd July, ExCeL London) will welcome a projected 15,000 iGaming and affiliate pioneers, helping businesses throughout the online gaming ecosystem to navigate an ever-changing landscape via networking opportunities, cutting-edge innovations and crucial market knowledge-sharing.

Driving Operational Excellence with F1’s Claire Williams is one of 30 inspiring sessions taking place at the world’s fastest growing gaming expo. To view the programme visit: igblive.com/event-schedule

To register for the first edition of iGB L!VE to be held in London visit:igblive.com

 

The post F1 trailblazer Claire Williams OBE confirmed as iGB L!VE keynote appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.