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LAS VEGAS, NV, December 12, 2022 (GLOBE NEWSWIRE) — via NevMediaWire – Golden Matrik Group Inc. (NASDAQ: GMGI), developer and licensor of online gaming platforms, systems and gaming content, today announced that it has entered into an exclusive distribution agreement with Elrai Resources Inc. in which it will have exclusive rights to deliver all gaming content to Elrai Resources’ customers. Elrai Resources, trading as Elrai Gamingwill launch its B2B Online Crypto Casino systems and technology along with content provided by Golden Matrik to be used by Crypto Casino game operators.
The global crypto gambling industry is predicted to reach $93 billion by 2024. [1]
Mr. Goodman, CEO, said: “Online entertainment and virtual currency have become particularly aligned in recent years. These blockchain, digital concepts have created a unique way of generating profits in the form of online gambling casinos.
“The exclusive distribution agreement reached between Golden Matrik and Elrai is expected to generate significant revenues for Golden Matrik over time.”
“It seems like nothing can slow down the growth of the online casino industry. Online casinos have continued to generate business during the pandemic and are now following the latest trends, including allowing cryptocurrencies as a payment method.
“The cooperation between Golden Matrik and Elrai Gaming is a perfect scenario. Elrai Gaming has its own blockchain technology, which will lead to numerous gaming operators not only using Elrai’s Blockchain technology, but also Golden Matrik’s gaming content, which is a win-win for both companies.
“When you consider how far cryptocurrency has come and how the gambling industry has embraced it, it’s safe to say that the crypto gambling market will continue to expand with the number of Crypto Casino operators growing in the future.”
Mr. Goodman is an affiliate, board member of Elrai Resources Inc. and Golden Matrix Group Inc.
Additional details are available in the 8-K filed on December 12, 2022.
Golden Matrix Group, based in Las Vegas, NV, is an established gaming technology company that develops and owns online gaming IP and builds customizable and scalable B2B white-label gaming platforms for its international clients, located primarily in the Asia-Pacific region. Gaming IP includes tools for marketing, acquisition, retention and user monetization. The company’s platform can be accessed through both desktop and mobile applications. In addition, Golden Matrix generates UK revenue from scalable B2C tournament platform RKings Competitions and recently launched a licensed proprietary B2C online casino in Mexico.
Elray Resources Inc.based in Las Vegas, Nevada owns Blockchain/Crypto gaming technology and provides online crypto casino and crypto gaming technology to online crypto casino operators.
Forward-looking statements
Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements” ). These forward-looking statements represent the Company’s current expectations or beliefs regarding future events and can generally be identified by the use of statements that include words such as “estimate,” “expect,” “project,” “believe,” “anticipate.” , “intend,” “plan,” “anticipate,” “anticipate,” “likely,” “will,” “goal,” or similar words or phrases. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are beyond the Company’s control, that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including but not limited to on the impact of the COVID-19 pandemic on the Company; the need for additional financing, the terms of such financing and the availability of such financing; the ability of the Company and/or its subsidiaries to obtain additional gaming licenses; the Company’s ability to manage growth; the Company’s ability to complete acquisitions and the funds available for such acquisitions; disruptions caused by acquisitions; dilution caused by fundraising, conversion of outstanding preferred stock and/or acquisitions; the Company’s ability to maintain a listing of its common stock on the Nasdaq Capital Market; the company’s expectations for future growth, revenues and profitability; the company’s expectations regarding future plans and their timing; the company’s reliance on its management; the fact that the CEO of the Company has voting control over the Company; relationships of related parties; the potential effect of economic downturns, recessions, increases in interest rates and inflation, and market conditions, reductions in discretionary spending, and therefore demand for our products, and increases in the cost of capital, among other things, affects the Company’s operations. operations and prospects; the Company’s ability to protect proprietary information; the Company’s ability to compete in its market; lack of effective internal company controls; dilution caused by efforts to obtain additional financing; the effect of current and future regulations, the Company’s ability to comply with regulations and the potential penalties for failure to comply with such regulations and changes in the application and interpretation of existing laws and regulations and the adoption of new laws and regulations that may adversely affect our business; risks associated with game fraud, user cheating and cyber-attacks; risks associated with system failures and failures of the technology and infrastructure on which the Company’s programs rely; foreign exchange and currency risk; the outcome of unforeseen situations, including legal proceedings in the normal course of business; the ability to compete against existing and new competitors; the ability to manage the costs associated with sales and marketing and the necessary general and administrative and technological investments; and general consumer sentiment and economic conditions that may affect levels of discretionary purchases of the Company’s products, including potential recessions and global economic slowdowns. Although we believe that our plans, intentions and expectations expressed or suggested by the forward-looking statements we make in this release are reasonable, we give no assurance that these plans, intentions or expectations will be realized. Accordingly, you should not consider this list to be a complete set of all potential risks and uncertainties. More information about potential factors that could affect the Company’s financial results is included from time to time in the sections “Special Note Regarding Forward-Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the periodic and current the Company’s filings with the SEC, including Form 10-X and Form 10-X, including, but not limited to, the Company’s Transition Report on Form 10-K for the nine-month transition period ended October 31, 2021 and its Quarterly Report on Form 10-K for the quarter ended July 31, 2022. These reports are filed with the SEC and are available at www.sec.gov. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the foregoing cautionary statements. Other unknown or unpredictable factors may also have a material adverse effect on the Company’s future results. The forward-looking statements included in this press release speak only as of the date hereof. The Company cannot guarantee future results, activity levels, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this announcement, except as required by law, and undertakes no obligation to update or correct information prepared by third parties that has not been paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Connect with us:
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Golden Matrix Group
Contact: Scott Ian
E-mail: info@goldenmatrik.com
[1] MBN Market Business News https://marketbusinessnevs.com/global-cripto-gambling-industri-to-reach-93-billion-bi-2024/304964/
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