Golden Matrix Group Announces Leadership Transition as Company Enters Next Strategic Phase

Golden Matrix Group Inc. (NASDAQ: GMGI) announced a planned leadership transition that aligns with the company's next phase of strategic execution and operational scale. Brian Goodman has agreed to step down as Chief Executive Officer and member of the Board of Directors effective December 12, 2025, unless an earlier date is agreed upon between Goodman and the company.

William Scott, Chairman of the Board and a globally recognized gaming executive, will take over as Interim Chief Executive Officer. Scott will also chair the Board Committee responsible for appointing the company's next permanent CEO. During his tenure, Goodman guided Golden Matrix through a period of significant transformation, shifting from a micro-cap operator to a diversified, NASDAQ-listed international gaming group. Under his leadership, the company expanded into multiple regulated markets, built a portfolio of scalable B2B and B2C platforms, and established a business model built on recurring revenue and disciplined growth.

"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 in global gaming and regulated markets. He previously held senior executive roles at GTECH/Lottomatica where he played a leading role in that company's evolution from a lottery-focused business into a broader international gaming group. As interim CEO, while leading the permanent CEO search, he will prioritize performance, operational optimization and continued value creation for shareholders. Golden Matrix is committed to innovation, compliance, and delivering consistent results in a dynamic industry landscape.

The company operates in more than 25 markets worldwide across Europe, Latin America, Asia Pacific, Australia, and Africa, serving both operators and consumers with scalable, compliant, and high-margin gaming solutions. For more information about the company's operations and technology platforms, visit https://www.goldenmatrix.com. The company's forward-looking statements and risk factors are detailed in its SEC filings, which are available at https://www.sec.gov.

This leadership transition occurs as the online gaming industry continues to evolve with increasing regulatory complexity and market competition. The appointment of an executive with Scott's background in global gaming operations suggests Golden Matrix is positioning itself for more aggressive international expansion and operational efficiency. The company's emphasis on "execution, scale and consistent performance" indicates a shift from the foundational building phase to a more mature operational focus, which could impact its competitive positioning in key markets.

For investors and industry observers, this transition represents a critical juncture for Golden Matrix as it seeks to leverage its diversified portfolio and global presence. The company's ability to maintain momentum during this leadership change while executing its strategic vision will be closely watched, particularly given the competitive pressures and regulatory challenges facing the global online gaming sector. The interim leadership structure, with Scott serving dual roles as Chairman and CEO, provides continuity while the board conducts its search for a permanent chief executive.