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Gaming operator Golden Matrix GroupIPO Edge – Leading IPO Intelligence
•81% Informative
Gaming operator Golden Matrix Group , Inc. (NASDAQ: GMGI) reported 75% surge in second quarter sales on strength across divisions.
Golden Matrix provides digital games both online and in retail locations along games and technology sold to other operators in more than 15 markets from Serbia to Mexico .
The company is poised to benefit from a boom in online gambling around the world.
Golden Matrix expects a healthy $76 million in Ebitda next year , indicating a valuation multiple of just 4.5 times.
That’s sharply lower than DraftKings Inc. at 17 times and Caesars Entertainment at 7.9 times.
With a seamless acquisition, organic growth and firepower for more deals, Golden Matrix's hot streak should continue.
VR Score
81
Informative language
82
Neutral language
11
Article tone
formal
Language
English
Language complexity
53
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
4
Source diversity
3
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