R Kings Competitions
From EverybodyWiki Bios & Wiki
R Kings Competitions is a Northern Ireland-based prize competition company founded in 2018. It provides online and mobile-based competitions for customers in the United Kingdom and Republic of Ireland, offering prizes at a fraction of their retail value through paid and free-entry formats.[1][2][3]
Key Highlights
- Corporate Affiliation: Fully owned by Golden Matrix Group Inc. (GMGI), a Nasdaq-listed gaming technology firm that also operates other brands, including Meridianbet.[2]
- Acquisition Timeline: GMGI initially acquired an 80% stake in 2021 and completed full ownership in 2022.[3][4][5]
- Operations: Offers a B2C tournament platform featuring prizes such as luxury cars, real estate, holidays, technology packages, and cash awards.[3][5]
- User Engagement: Maintains a monthly active user base exceeding 25,000, with over 467,000 social media followers.[3]
- Financial Overview: Generated estimated revenues above $29 million USD in FY 2021, with net income over $2.4 million USD; prizes awarded in 2020–2021 surpassed $54 million USD.[3][5]
- Market Reach: Competitions are currently available in the UK and Ireland, with plans to expand into regulated markets in Mexico and Latin America.[4][5]
- Revenue Optimization: GMGI Assets manages resale of unclaimed prizes, providing additional revenue streams.[5]
- Regulatory Compliance: Operates on secure platforms with adherence to licensing requirements and third-party auditing to ensure player fund safety and operational integrity.[2]
References
- ↑ About us, rkingscompetitions.com, Retrieved November 18th, 2025
- ↑ 2.0 2.1 2.2 About R Kings Competitions, goldenmatrix.com, Retrieved November 18th, 2025
- ↑ 3.0 3.1 3.2 3.3 3.4 Golden Matrix Enters Into Agreement to Acquire 80 Percent Controlling Interest in Business-To-Consumer Competitions Company RKings, globenewswire.com, Retrieved November 18th, 2025
- ↑ 4.0 4.1 Golden Matrix becomes full owner of RKings Competitions, gamblinginsider.com, Retrieved November 18th, 2025
- ↑ 5.0 5.1 5.2 5.3 5.4 Golden Matrix Acquires Remaining Interest in RKings Competitions, finance.yahoo.com, Retrieved November 18th, 2025
