Golden Matrix Launches Flash Bet, Real-Time Sports Simulation Betting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Innovative Product Launch: Meridianbet introduces Flash Bet, enabling players to place simulated bets on real sports events with results delivered in seconds, significantly enhancing user experience and strengthening market competitiveness.
- Massive Market Potential: The global virtual sports betting market is projected to reach $44.52 billion by 2032, growing at a 17% CAGR, and the launch of Flash Bet aligns perfectly with this rapidly expanding market demand.
- Technological Edge: This feature operates on proprietary algorithms developed internally by Meridianbet, ensuring accuracy and real-time results in simulations, thereby increasing player engagement and satisfaction.
- Phased Rollout Strategy: Flash Bet will be gradually rolled out across Meridianbet's 18 markets, allowing the company to gather player behavior data and optimize user experience, laying the groundwork for broader market deployment.
GMGI
$0.8218+Infinity%1D
Analyst Views on GMGI
Wall Street analysts forecast GMGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GMGI is 2.90 USD with a low forecast of 1.80 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.814
Low
1.80
Averages
2.90
High
4.00
Current: 0.814
Low
1.80
Averages
2.90
High
4.00
About GMGI
Golden Matrix Group, Inc. is a business-to-business (B2B) and business-to-customer (B2C) gaming technology company operating across multiple international markets. The Company operates online sports betting, online casino, and gaming operations in approximately 15 jurisdictions across Europe, Africa and Central and South America. It is a provider of enterprise software-as-a-service (SaaS) solutions for online casino operators and online sports betting operators, commonly referred to as iGaming operators. The Company operates through three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The B2B division of the Company develops and licenses proprietary gaming platforms for its list of clients and RKingsCompetitions Ltd. (RKings). The B2C division operates an e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
