Golden Matrix Board Reshapes After Director McChesney Resigns

Golden Matrix Group ( (GMGI) ) has provided an update.

On December 12, 2025, Golden Matrix Group, Inc. announced that director Thomas E. McChesney resigned from the company’s Board of Directors and all board committee roles, including his position as chairman of the Compensation Committee, under a Director Separation Agreement effective the same day. Under the agreement, the company paid McChesney $60,000 in cash for past board services and in lieu of 2025 board incentive compensation he could have earned, while all of his unvested restricted stock units were forfeited; the agreement also contains customary mutual release, confidentiality and non-disparagement provisions, and the company stated his departure did not stem from any disagreement over operations, policies or governance. The board has begun searching for candidates to fill the vacancy created by McChesney’s departure and to replace the independent directorship vacated when William Scott became interim CEO, signaling a near-term reshaping of the company’s board composition and governance structure.

The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.

Spark’s Take on GMGI Stock

According to Spark, TipRanks’ AI Analyst, GMGI is a Neutral.

The overall score reflects Golden Matrix Group’s strong revenue growth and stable financial base, countered by profitability issues and weak technical indicators. The negative earnings and lack of dividend yield further impact the valuation score. Recent stock price declines post-earnings call suggest a cautious outlook.

To see Spark’s full report on GMGI stock, click here.

More about Golden Matrix Group

Golden Matrix Group, Inc. operates in the online gaming and digital entertainment technology sector, providing gaming platforms and related software solutions to operators in regulated markets. The company’s business centers on delivering configurable and scalable gaming systems, with a focus on compliance, player engagement and white-label solutions for business-to-business customers.

Average Trading Volume: 221,330

Technical Sentiment Signal: Sell

Current Market Cap: $116.4M

For a thorough assessment of GMGI stock, go to TipRanks’ Stock Analysis page.