Golden Matrix Group Inc (NASDAQ:GMGI) advanced 9.7% on Monday after announcing a planned management transition that will see longtime CEO Brian Goodman step down by December 2025.
Chairman William Scott — a seasoned gaming industry executive — will assume the role of Interim CEO and lead the search for a permanent successor. Scott brings extensive experience from his prior leadership posts at GTECH/Lottomatica, where he played a key role in expanding the company beyond its lottery roots into a global gaming operator.
Goodman’s leadership has been instrumental in Golden Matrix’s evolution from a small-cap gaming technology provider into a NASDAQ-listed multinational operator with both B2B and B2C platforms active in 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 company framed the transition as part of a broader shift into its “next phase of strategic execution and operational scale.” As interim CEO, Scott will prioritize strengthening performance, optimizing operations, and enhancing shareholder value while the search committee evaluates candidates for the top role.