Golden Matrix Group (NASDAQ: GMGI) announced a planned leadership transition on December 8, 2025: CEO Brian Goodman will step down effective December 12, 2025 (or earlier if agreed) and Chairman William Scott will become Interim CEO.
William Scott will also chair the Board committee conducting the search for a permanent CEO and said his near‑term priorities are performance, operational optimization, and continued value creation. The company described its position as a diversified, profitable, NASDAQ‑listed international gaming group with recurring revenue and expansion into regulated markets.
Positive
- Experienced interim CEO: William Scott brings global gaming and regulated‑markets experience
- Board‑led CEO search: Chairing the committee increases governance oversight
- Strategic position: Company described as diversified, profitable, and built on recurring revenue
Negative
- Leadership transition creates near‑term uncertainty until a permanent CEO is appointed
- Interim period may delay execution while the Board conducts a CEO search
Key Figures
Q3 2025 Revenue
$47,316,308
Quarter ended September 30, 2025
Q3 2024 Revenue
$40,992,329
Prior‑year quarter comparison
Q3 2025 Net Income
$566,014
Net income attributable to GMGI; diluted EPS $0.00
YTD 2025 Revenue
$133,284,729
Nine months ended September 30, 2025
YTD 2025 Net Loss
$3,249,939
Net loss attributable to GMGI year‑to‑date
Cash Balance
$22,042,638
As of September 30, 2025
Total Assets
$209,775,592
As of September 30, 2025
Shares Outstanding
141,237,872
As of October 30, 2025
Market Reality Check
$0.7967
Last Close
Volume
Volume 58,791 vs 20‑day average 213,515, indicating relatively light trading ahead of this announcement.
low
Technical
Shares at 0.7967 trade below the 200‑day moving average (1.5) and about 69.36% under the 52‑week high, while roughly 10.64% above the 52‑week low.
Peers on Argus
Peers in Electronic Gaming & Multimedia showed mixed moves: MYPS +1.09%, SKLZ +0.36%, while GDEV -5.99% and GAME -2.06%. With no momentum flags and GMGI trading near its 52‑week low, the setup appears more company‑specific than a broad sector rotation.
Regulatory & Risk Context
The company has an effective S‑3/A shelf registration dated 2025‑06‑20, expiring on 2028‑06‑20, with at least one related prospectus supplement filed on 2025‑06‑26. This provides flexibility for future registered securities offerings, subject to market conditions and corporate decisions.
Market Pulse Summary
This announcement details a planned CEO transition as Golden Matrix moves into its next phase of strategic execution. It follows Q3 revenue of $47.3 million, positive quarterly net income, and continued integration of the MeridianBet acquisition. With shares trading below the 200‑day moving average and well under the 52‑week high, investors are likely to focus on the effectiveness of the interim leadership, capital allocation under the existing shelf registration, and the company’s ability to scale its regulated‑market platform.
Key Terms
restricted stock units
financial
“reported the vesting and settlement of 9,375 restricted stock units into common”
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, such as staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Regulation D
regulatory
“unregistered issuances under Section 4(a)(2)/Rule 506 of Regulation D”
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors.
reverse merger
financial
“highlighted the April 2024 MeridianBet acquisition, accounted for as a reverse merger”
A reverse merger is when a private company becomes publicly traded by combining with an already listed public shell company, allowing the private business to gain a stock market listing without going through a traditional IPO.
non-GAAP
financial
“The company references non-GAAP financial measures; reconciliations to comparable”
Non‑GAAP refers to financial measures that companies use to show earnings or performance without including certain expenses or income that are often added back to give a different picture.
diluted EPS
financial
“net income attributable to GMGI was $566,014 (diluted EPS $0.00)”
Diluted earnings per share (EPS) shows how much profit a company makes for each share of stock, assuming all possible shares from stock options or convertible securities are used.
Form 4
regulatory
“Golden Matrix Group (GMGI) filed a Form 4 reporting an open‑market purchase”
Form 4 is a official document that company insiders file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading.
10‑Q
regulatory
“[10‑Q] Golden Matrix Group, Inc. Quarterly Earnings Report”
A 10‑Q is a company’s required quarterly filing with U.S. regulators that provides updated financial statements, management discussion, and disclosures about risks.
AI-generated analysis. Not financial advice.
Golden Matrix Group Announces the Retirement of CEO Brian Goodman, Appointment of William Scott as CEO and Launch of Next Phase of Strategic Execution
LAS VEGAS, NV – December 8, 2025 – Golden Matrix Group Inc. (NASDAQ: GMGI), a global provider of online gaming platforms, content, and technology, announced a planned leadership transition that aligns with the company’s next phase of strategic execution and operational scale.
Brian Goodman has agreed to step down as Chief Executive Officer and member of the Board of Directors effective December 12, 2025, unless an earlier date is mutually agreed. William Scott, Chairman of the Board and a globally recognized gaming executive, will assume the role of Interim Chief Executive Officer. Scott will also chair the Board committee responsible for appointing the company’s next CEO.
During his tenure, Goodman guided Golden Matrix through a period of significant transformation, shifting from a micro‑cap operator to a diversified, NASDAQ‑listed international gaming group. Under his leadership, the company expanded into multiple regulated markets, built a portfolio of scalable B2B and B2C platforms, and established a business model built on recurring revenue and disciplined growth.
“Golden Matrix is built on solid ground – diversified, profitable, and prepared to scale,” said William Scott, Interim CEO and Chairman. “Brian laid the foundation. Our next chapter is about execution, scale and consistent performance. With strong fundamentals, global reach, and disciplined execution, we believe we are positioned to outperform the market and deliver exceptional long‑term value for shareholders.”
Scott brings extensive experience in global gaming and regulated markets, having previously held senior executive roles at GTECH/Lottomatica, where he helped transform the company from a lottery‑focused business into a broader international gaming group.
As interim CEO, while leading the permanent CEO search, he will prioritize performance, operational optimization, and continued value creation for shareholders. Golden Matrix remains committed to innovation, compliance, and delivering consistent results in a dynamic industry landscape.
FAQ
Who will be interim CEO of Golden Matrix Group (GMGI) after December 12, 2025?
Chairman William Scott will serve as Interim CEO effective December 12, 2025 (or earlier if agreed).
When does current CEO Brian Goodman step down from GMGI?
Brian Goodman will step down as CEO and board member effective December 12, 2025, unless an earlier date is agreed.
What are William Scott’s priorities as interim CEO of GMGI?
He will prioritize performance, operational optimization, and continued value creation for shareholders.
Will William Scott lead the search for GMGI’s next permanent CEO?
Yes; William Scott will chair the Board committee responsible for appointing the company’s next CEO.
How did Golden Matrix describe its business position in the announcement?
The company described itself as a diversified, profitable, NASDAQ‑listed international gaming group with recurring revenue and operations in regulated markets.
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