Golden Matrix Group Inc. (NASDAQ: GMGI) Primed for Online Gambling Explosion in U.S.
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- Since the federal government stepped out of the way with laws, 6 states so far have legal online casino games, with 3 already topping $1.0 billion in annual revenue
- Las Vegas-based Golden Matrix Group has built a robust platform it customizes and white labels to international casino operators providing access to over 10,000 games
- Well-suited to curate systems for American operators, Golden Matrix has experienced a surge in sales in 2022 from its Asia-Pacific customers
Americans have always embraced gambling, but it has only been in the last decade or so that they had any ease of access outside of traveling to Las Vegas, New Jersey, or a tribal casino. The Department of Justice changed that in 2011 with a new opinion on how the federal government interpreted the Wire Act, opening the door to internet-based casinos. Sports betting remained verboten until 2018 when the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (“PASPA”) legalizing sports betting at the federal level too.
Only a handful of years into implementing regulations, the market is thriving with plenty of room for growth for companies in the B2B (business-to-business) space as operators fight to win and retain customers with engaging games. That plays right into the hands of…
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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