Golden Matrix Group Management

Management criteria checks 4/4

Golden Matrix Group's CEO is Anthony Goodman, appointed in Feb 2016, has a tenure of 8.17 years. total yearly compensation is $178.23K, comprised of 90.4% salary and 9.6% bonuses, including company stock and options. directly owns 7.17% of the company’s shares, worth $35.05M. The average tenure of the management team and the board of directors is 3 years and 6.1 years respectively.

Key information

Anthony Goodman

Chief executive officer

US$178.2k

Total compensation

CEO salary percentage	90.4%
CEO tenure	8.2yrs
CEO ownership	7.2%
Management average tenure	3yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

Investors Appear Satisfied With Golden Matrix Group, Inc.'s (NASDAQ:GMGI) Prospects As Shares Rocket 39%

Feb 02

Golden Matrix Group, Inc. (NASDAQ:GMGI) Not Flying Under The Radar

Dec 18

Estimating The Fair Value Of Golden Matrix Group, Inc. (NASDAQ:GMGI)

Nov 04

Investor Optimism Abounds Golden Matrix Group, Inc. (NASDAQ:GMGI) But Growth Is Lacking

Sep 21

Golden Matrix Group GAAP EPS of $0.02, revenue of $9.1M

Sep 07

Golden Matrix Group (NASDAQ:GMGI) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Mar 19

CEO Compensation Analysis

How has Anthony Goodman's remuneration changed compared to Golden Matrix Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	-US$655k
Oct 31 2023	US$178k	US$161k	-US$1m
Jul 31 2023	n/a	n/a	-US$4m
Apr 30 2023	n/a	n/a	-US$2m
Jan 31 2023	n/a	n/a	-US$1m
Oct 31 2022	US$3m	US$146k	-US$250k
Jul 31 2022	n/a	n/a	US$2m
Apr 30 2022	n/a	n/a	US$1m
Jan 31 2022	n/a	n/a	US$997k
Oct 31 2021	US$43m	US$108k	US$700k
Jul 31 2021	n/a	n/a	US$692k
Apr 30 2021	n/a	n/a	US$296k
Jan 31 2021	n/a	n/a	US$398k
Oct 31 2020	n/a	n/a	US$767k
Jul 31 2020	n/a	n/a	US$1m
Apr 30 2020	n/a	n/a	US$2m
Jan 31 2020	US$1m	US$41k	US$2m
Oct 31 2019	n/a	n/a	US$2m
Jul 31 2019	US$73k	US$73k	US$2m
Apr 30 2019	n/a	n/a	US$124k
Jan 31 2019	n/a	n/a	-US$191k
Oct 31 2018	n/a	n/a	-US$528k
Jul 31 2018	US$65k	US$65k	-US$1m
Apr 30 2018	n/a	n/a	-US$234k
Jan 31 2018	n/a	n/a	US$2k
Oct 31 2017	n/a	n/a	US$87k
Jul 31 2017	US$54k	US$54k	US$2m

Compensation vs Market: Anthony's total compensation ($USD178.23K) is below average for companies of similar size in the US market ($USD2.37M).

Compensation vs Earnings: Anthony's compensation has been consistent with company performance over the past year.

CEO

Anthony Goodman (64 yo)

8.2yrs

Tenure

US$178,226

Compensation

Mr. Anthony Brian Goodman has been Chief Executive Officer at Golden Matrix Group, Inc. since February 2016 and serves as its President, Treasurer, Secretary and Director and had been its Chairman. He has...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anthony Goodman	President	8.2yrs	US$178.23k	7.17% $ 35.1m
Omar Jimenez	CFO, Chief Compliance Officer and Principal Accounting & Financial Officer	3yrs	US$300.00k	no data
Weiting Feng	COO & Director	3yrs	US$148.52k	2.35% $ 11.5m
Henry Zhang	Chief Technology Officer	no data	no data	no data
Zoran Milosevic	CEO of Merdianbet Group	less than a year	no data	6.91% $ 33.8m

3.0yrs

Average Tenure

61yo

Average Age

Experienced Management: GMGI's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anthony Goodman	President	8.2yrs	US$178.23k	7.17% $ 35.1m
Weiting Feng	COO & Director	8.2yrs	US$148.52k	2.35% $ 11.5m
Thomas McChesney	Lead Independent Director	4yrs	US$60.00k	0.18% $ 881.2k
Barry Price	Head of Exploration Committee & Member of The Advisory Committee	14.3yrs	no data	no data
Murray Smith	Independent Director	3.7yrs	US$60.00k	0.042% $ 205.5k
William Scott	Independent Chairman	no data	no data	no data

6.1yrs

Average Tenure

64yo

Average Age

Experienced Board: GMGI's board of directors are considered experienced (6.1 years average tenure).

Golden Matrix Group Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

Golden Matrix Group, Inc., Annual General Meeting, Oct 11, 2023

Less than half of directors are independent

Golden Matrix Group, Inc. Announces Board Changes

Chairman exercised options and sold US$346k worth of stock

Golden Matrix Group, Inc. Announces Resignation of Aaron Richard Johnston as Member of the Board of Directors

Recent updates

High number of new directors

New major risk - Shareholder dilution

New minor risk - Market cap size

Golden Matrix Group, Inc. (NasdaqCM:GMGI) completed the acquisition of MeridianBet Group from Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozovic.

First quarter 2024 earnings released: EPS: US$0.002 (vs US$0.013 loss in 1Q 2023)

New minor risk - Market cap size

Investors Appear Satisfied With Golden Matrix Group, Inc.'s (NASDAQ:GMGI) Prospects As Shares Rocket 39%

New minor risk - Shareholder dilution

New minor risk - Share price stability

Full year 2023 earnings released: US$0.033 loss per share (vs US$0.009 loss in FY 2022)

Golden Matrix Group, Inc. (NASDAQ:GMGI) Not Flying Under The Radar

Golden Matrix Group, Inc. Provides Preliminary Revenue Estimates for the Fourth Quarter and Fiscal Year Ended October 31, 2023

Third quarter 2023 earnings released: US$0.027 loss per share (vs US$0.022 profit in 3Q 2022)

Golden Matrix Group, Inc., Annual General Meeting, Oct 11, 2023

Golden Matrix Group, Inc. Provides Earnings Guidance for the Quarter Ending July 31, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.015 loss per share (vs US$0.021 profit in 2Q 2022)

First quarter 2023 earnings released: US$0.013 loss per share (vs US$0.013 profit in 1Q 2022)

Full year 2022 earnings released: US$0.009 loss per share (vs US$0.036 profit in FY 2021)

Golden Matrix Group, Inc. (NasdaqCM:GMGI) entered into a definitive acquisition agreement to acquire MeridianBet Group for approximately $300 million.

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Golden Matrix Group, Inc. Announces Board Changes

Chairman exercised options and sold US$346k worth of stock

Golden Matrix Group, Inc. Provides Earnings Guidance for the Fiscal Year Ending October 31, 2022

Investor sentiment improved over the past week

Estimating The Fair Value Of Golden Matrix Group, Inc. (NASDAQ:GMGI)

Golden Matrix Group, Inc. Announces Resignation of Aaron Richard Johnston as Member of the Board of Directors

Golden Matrix Group, Inc. (NasdaqCM:GMGI) acquired 10% stake in Rkingscompetitions Ltd from Mark Weir for £0.025.

Golden Matrix Group, Inc. to Launch Online Casino in Mexico on November 1, 2022

Investor sentiment deteriorated over the past week

Investor Optimism Abounds Golden Matrix Group, Inc. (NASDAQ:GMGI) But Growth Is Lacking

Third quarter 2022 earnings released: EPS: US$0.022 (vs US$0.021 in 3Q 2021)

Golden Matrix Group GAAP EPS of $0.02, revenue of $9.1M

Lead Independent Director notifies of intention to sell stock

Second quarter 2022 earnings released: EPS: US$0.021 (vs US$0.006 in 2Q 2021)

Golden Matrix Group Inc Announces GMX-Ag

Now 20% undervalued after recent price drop

Golden Matrix Group (NASDAQ:GMGI) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Golden Matrix Group, Inc. Applies for Mexican Gaming License

Golden Matrix Group, Inc. Provides Revenue Guidance for the First Fiscal Quarter Ended January 31, 2022

Golden Matrix Group, Inc. (OTCPK:GMGI) agreed to acquire 80% stake in Rkingscompetitions Ltd from Mark Weir and Paul Hardman for £11 million.

Golden Matrix Group, Inc. (OTCPK:GMGI) entered into a Share Purchase Agreement to acquire Global Technology Group Pty Ltd from Anthony Brian Goodman £0.085 million.

Golden Matrix Group, Inc. and Playtech plc Announce Collaboration Agreement to Expand Distribution in Esport and Betting Game Markets Worldwide

Golden Matrix Receives License to Market and Distribute White Label Sportsbook for Online Betting

Golden Matrix Group, Inc. has completed a Composite Units Offering.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age