Golden Matrix stock rises as CEO plans 2025 exit, Chairman to lead transition

Published 01/12/2025, 16:36
© Reuters.

Investing.com -- Golden Matrix Group Inc (NASDAQ:GMGI) stock jumped 9.7% on Monday after the online gaming platform provider announced a planned leadership transition, with CEO Brian Goodman set to step down by December 2025.

William Scott, the company’s Chairman and a veteran gaming executive, will serve as Interim Chief Executive Officer and lead the search committee for a permanent replacement. Scott previously held senior executive positions at GTECH/Lottomatica, where he helped transform the business from a lottery-focused operation into a broader international gaming group.

During his tenure, Goodman guided Golden Matrix from a micro-cap operator to a NASDAQ-listed international gaming company with diversified B2B and B2C platforms operating across multiple regulated markets.

"Golden Matrix is built on solid ground - diversified, profitable, and prepared to scale," said Scott. "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 our shareholders."

The leadership change comes as the company looks to enter its "next phase of strategic execution and operational scale." As interim CEO, Scott will focus on performance, operational optimization and shareholder value creation while the search for a permanent CEO continues.

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