Golden Matrix Group, Inc. - Common Stock (GMGI)

Competitors to Golden Matrix Group, Inc. - Common Stock (GMGI)

DraftKings Inc. 

DraftKings Inc. is a major competitor in the online gaming and sports betting space, offering a platform for daily fantasy sports, sports betting, and online casino games. Both Golden Matrix Group, Inc. and DraftKings aim to attract users by providing engaging gaming experiences and competitive odds. However, DraftKings has a significant advantage due to its established brand presence, extensive marketing efforts, and a larger customer base. This helps them to leverage economies of scale in customer acquisition and retention strategies.

Evolution Gaming Group

Evolution Gaming is a leader in live casino solutions, offering high-quality live dealer games that enhance the online gaming experience. While Golden Matrix Group focuses more on software development and gaming solutions, Evolution's dominance in live casino gaming gives it an edge in attracting casinos looking to differentiate their offerings. The immersive experience provided by Evolution's products sets a high bar for competitors like GMGI, which lacks this specific offering.

GVC Holdings PLC

GVC Holdings, now operating under the name Entain, competes directly with Golden Matrix Group by offering a broad range of online gaming and betting services. They operate multiple well-known brands within the sports betting and casino gaming sectors, which provides them with a substantial market share. Entain leverages its strong technological infrastructure and regulatory expertise to deliver a diverse portfolio of products, giving it a competitive advantage over GMGI, which has a more niche focus in the market.

Scientific Games Corporation

Scientific Games Corporation provides technology and services to the global gaming industry, competing with Golden Matrix Group in offering technology solutions and gaming products. While both companies provide software and online gaming solutions, Scientific Games has a broad portfolio that includes lottery systems and gaming machines. Their extensive regulatory experience and established relationships in the gaming industry provide them with a competitive advantage over GMGI, particularly in obtaining licenses and penetrating new markets.