Golden Matrix Group, which provides enterprise SaaS solutions for online casino and sports betting operators, withdrew its plans for an initial public offering on Wednesday. It originally filed in March 2021 with a proposed deal size of $10 million. The company is currently listed on the OTC (GMGI).
The Las Vegas, NV-based company was founded in 2008 and booked $4 million in revenue for the 12 months ended October 31, 2020. It had planned to list on the Nasdaq under the symbol GMGI. EF Hutton was set to be the sole bookrunner on the deal.
