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HAWKS TALON GC ADVANCE TO WASHINGTON, D.C. FOR SLAM OPEN BRACKET PLAY

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Hawks Talon GC, the official NBA 2K League affiliate of the Atlanta Hawks, will face off with Cavs Legion on stage in Washington, D.C. after defeating Heat Check Gaming (3-2) and Team Handlez (3-1) in the first stages of bracket play of the SLAM OPEN. Hawks Talon is 2-0 in the double elimination tournament, and advanced to the stage as one of the top 12 teams remaining in the competition. Their matchup with Cavs Legion will come on Wednesday, March 29 at 6:45 p.m. ET. The game can be followed on the NBA 2K League’s Twitch or YouTube channel.

“Being back on stage as one of the best teams in the tournament is huge for us. The guys have worked hard to get to this point and their reward is the chance to compete for a banner in front of the NBA 2K fans,” said Hawks Talon Head Coach Ismael Diaz-Tolentino. “I believe that our team performs best on stage and I’m excited to see this group play this Wednesday.”

The three players who have represented Hawks Talon in 3v3 format so far are: Caesar “CEEZ” Martinez, Sam “GRADIENT” Salyers, and Juan “HOTSHOTx305” Gonzalez. The team competed remotely from The Lab presented by Diggi Games by Georgia Lottery, located in the award-winning State Farm Arena.

In a new format this year, 3v3 tournaments will include double elimination bracket play and no conferences. At the end of two weeks of group play in each tournament, all 25 NBA 2K League teams will advance to a 32-team remote bracket play for the first week, with the 12 top-performing NBA 2K League and Community teams remaining advancing to in-person bracket play in Washington, D.C. for the following week. The top eight teams in winners bracket and the top four teams in losers bracket will form the 12 teams who are invited to DC for on stage competition.

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Golden Matrix Group Inc. Reports Strong Q3 2024 Earnings and Continued Operational Growth

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Golden Matrix Group Inc. Reports Strong Q3 2024 Earnings and Continued Operational Growth

 

Year-to-Date Revenue up 55% to $105.3 Million Company’s Classics for a Cause Acquisition Successfully Integrated
Golden Matrix Group Inc., a global developer, licensor, and operator of online gaming platforms, today announced strong financial and operational results for the third quarter ended September 30, 2024. The results reflect the Company’s robust growth strategy and expansion efforts across key markets, including the successful acquisition and integration of Classics for a Cause.
Brian Goodman, CEO of Golden Matrix, commented, “Golden Matrix’s Q3 performance demonstrates our commitment and success in building sustainable, long-term growth and strengthening our industry position. Once again, we have delivered strong results across our divisions, supported by strategic acquisitions, platform upgrades, and the expansion of our iGaming portfolio.”
Financial Highlights
  • Revenue Growth: Q3 2024 consolidated revenue increased by 85% to $41 million, with year-to-date revenue up 55% to $105.3 million, driven by consistent performance across key markets.
  • Gross Profit Increase: Gross profit grew 39% in Q3 to $22.4 million, with year-to-date gross profit rising 24% to $61.8 million, reflecting improvements in operational efficiency and product margins.
  • AEBITDA: Adjusted EBITDA for Q3 reached $4.3 million, reflecting resilient performance across multiple revenue channels with marginal impacts from currency fluctuations across subsidiaries.
  • Balance Sheet Strength: As of September 30, 2024, Golden Matrix maintained a robust financial position with over $38.4 million in cash and equivalents and short-term debt of $17.5 million. Shareholder equity also grew 60% to $94 million, reinforcing the Company’s ability to pursue strategic growth initiatives.
Operational Highlights
Golden Matrix achieved significant milestones during Q3 2024, including:
  • Meridianbet Strong Growth Continues: Meridianbet’s Q3 revenue grew 16% YoY, led by a 19% online increase and 6% in retail. Deposits rose to $61.9M (+13% QoQ), with new registrations up 23% to 125K. Online casino GGR margin hit 3.37% (+21% turnover), sports betting rose 7.4% YoY with GGR at 9.5%, retail sports GGR at 10.3% (record 14.1% in August), and retail slots up 17.5% YoY.
  • Expansion of GMAG Platform: The GMAG B2B aggregator platform saw substantial growth, with wagering volume increasing 84% to $1.4 billion. Enhanced customer retention tools and the addition of high-margin games have driven engagement and profitability.
  • Classics for a Cause Acquisition: This newly acquired Australian business added $2.1 million in revenue and $503,000 in EBITDA within two months, expanding Golden Matrix’s market reach and contributing to overall profitability.
  • Mexplay Growth: Mexplay, the Company’s online casino in Mexico, reported a 56% increase in active players and a rise in gross gaming revenue to $15 million, underscoring growth potential in Latin America.
Zoran Milosevic, CEO of MeridianBet, highlighted the company’s strategic advancements, emphasizing the integration of key acquisitions and the enhancement of their operations with their launch of Meridianbet’s 5th generation platform resulting in what they consider to be the world’s most advanced iGaming technology. He mentioned a commitment to maximizing cost efficiencies and leveraging synergies across their global operations to drive sustainable growth and profits. As Golden Matrix enters the fourth quarter, they are focused on operational efficiency and profitability, positioning themselves for a record performance in 2024.
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Guest Wins Nearly a Million Dollars on Royal Flush Jackpot at MGM National Harbor

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MGM National Harbor is kicking off November with a big jackpot. A lucky guest was playing Ultimate Texas Hold’em on November 3 when he was dealt a Royal Flush of diamonds, winning $961,428.50.

“What an incredible way to kick off the holidays,” said Alex Alvarado, MGM National Harbor’s Vice President of Casino Operations. “We take great pride in offering the premier selection of table games in an industry where anything is possible. Today, that possibility became a reality with a life-changing win for our guest.”

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Stretch Network Partners with Vivaro.US to Enhance Poker Offerings

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Stretch Network has officially announced a new strategic partnership with Vivaro. US, a social casino platform. This collaboration is designed to bring ingenious poker operations to a wider audience in the USA, reinforcing Stretch Network’s commitment to expanding its reach in the growing digital market.

Ruslan Bangert, Head of Stretch Network, expressed his enthusiasm for the partnership, stating, “We’re thrilled to partner with Vivaro. US. This collaboration aligns with our goal to innovate and expand in the dynamic world of poker.

The partnership also marks an important milestone for Vivaro. US, allowing the platform to elevate its poker capabilities. Hovhannes Minasyan, COO of Vivaro. US, shared, “This collaboration with Stretch Network enables us to elevate our poker offerings and provide an even more immersive and secure environment for our players.”

“Our partnership with Stretch Network represents an important step in enhancing our poker capabilities and strengthening our platform’s offerings,” said Artak Basoyan, CEO at Vivaro. US.

With a growing presence in the USA through Vivaro. US, Stretch Network is well-positioned to deliver poker experiences to an even broader audience.

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The collaboration is expected to drive player engagement and increase opportunities for both companies, highlighting Stretch Network’s ability to adapt and grow in a competitive digital entertainment market.

 

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