Golden Matrix Group Announces CEO Transition as Company Enters Next Growth Phase

Golden Matrix Group Inc. (NASDAQ: GMGI), a global provider of online gaming platforms, content, and technology, announced a planned leadership transition aligned with the company's next phase of strategic execution and operational scale. Chief Executive Officer Brian Goodman will step down from his role and from the Board of Directors effective December 12, 2025. William Scott, the current Chairman of the Board and a globally recognized gaming executive, will assume the position of Interim Chief Executive Officer.

This leadership change marks a pivotal moment for Golden Matrix as it transitions from its foundational growth period under Goodman to a new chapter focused on execution and scaling its diversified operations. During Goodman's tenure, the company evolved from a micro-cap operator to a NASDAQ-listed international gaming group, expanding into multiple regulated markets and building a portfolio of scalable B2B and B2C platforms. The company now operates in more than 25 markets worldwide across Europe, Latin America, Asia Pacific, Australia, and Africa through subsidiaries including MeridianBet Group, Expanse Studios, GMAG, RKings, CFAC, and MexPlay.

"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 our shareholders." Scott brings extensive experience from senior executive roles at GTECH/Lottomatica, where he helped transform that company from a lottery-focused business into a broader international gaming group.

The importance of this transition extends beyond executive changes to signal Golden Matrix's strategic priorities in a competitive and regulated global gaming market. As interim CEO, Scott will prioritize performance, operational optimization, and continued value creation for shareholders while leading the search for a permanent CEO. The company's commitment to innovation and compliance remains central as it navigates a dynamic industry landscape where factors like economic conditions, regulatory changes, and market competition significantly impact operations.

For investors and the gaming industry, this leadership shift represents Golden Matrix's confidence in moving beyond its transformation phase to capitalize on established infrastructure. The company's business model, built on recurring revenue and disciplined growth across both operator-facing (B2B) and consumer-facing (B2C) segments, positions it to leverage Scott's experience in global gaming and regulated markets. This transition occurs as the company continues to manage post-acquisition obligations related to Meridianbet Group and maintains its Nasdaq Capital Market listing, both critical factors for shareholder value.

The broader implications include potential impacts on the company's ability to secure additional gaming licenses, manage growth effectively, and compete against existing and new competitors in various international jurisdictions. As detailed in the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, Golden Matrix faces numerous operational challenges common to the gaming technology sector. The leadership transition represents a strategic response to these challenges, emphasizing execution and scale as the company seeks to deliver consistent results in an industry where consumer discretionary spending, regulatory environments, and technological infrastructure significantly influence outcomes.