Golden Matrix Group realigns board with new independent director

Golden Matrix Group ( (GMGI) ) has shared an announcement.

On December 12, 2025, Golden Matrix Group director Thomas E. McChesney resigned from the company’s Board of Directors and its Audit, Nominating and Corporate Governance, and Compensation committees, prompting a broader realignment of the board and its committees completed on December 18, 2025. Effective that date, the board appointed experienced gaming executive Atul Bali as a director, member of the Audit and Nominating and Corporate Governance committees, and chairman of the Compensation Committee, and named Murray G. Smith as a member and chairman of the Nominating and Corporate Governance Committee, while removing interim CEO William Scott from the Audit and Nominating committees after his loss of independent status; these changes bolster the company’s independent governance and bring substantial sector expertise to the board as it continues to seek an additional independent director.

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 operates in the global gaming and iGaming industry, providing online gaming platforms, sports betting solutions and related gaming technologies, with a strategic focus on digital gaming, casino content and associated software infrastructure for operators worldwide.

Average Trading Volume: 220,557

Technical Sentiment Signal: Sell

Current Market Cap: $118.4M

For an in-depth examination of GMGI stock, go to TipRanks’ Overview page.