Golden Matrix (GMGI) 10-Q 7 Sep 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 31, 2022	Sep. 07, 2022
Cover [Abstract]
Entity Registrant Name	Golden Matrix Group, Inc.
Entity Central Index Key	0001437925
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jul. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		28,182,575
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-41326
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	46-1814729
Entity Address Address Line 1	3651 Lindell Road
Entity Address Address Line 2	Ste D131
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89103
City Area Code	702
Local Phone Number	318-7548
Security 12b Title	Common Stock, $0.00001 Par Value Per Share
Trading Symbol	GMGI
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Current assets:
Cash and cash equivalents	$ 15,869,660	$ 16,797,656
Accounts receivable, net	1,929,653	1,762,725
Accounts receivable - related parties	659,515	1,306,896
Prepaid expenses	202,779	114,426
Short-term deposit	57,385	61,799
Inventory, prizes	1,191,102	0
Total current assets	19,910,094	20,043,502
Non-current assets:
Property, plant and equipment	81,783	0
Intangible assets	2,486,005	135,263
Operating lease right-of-use assets	188,914	280,183
Goodwill	10,718,824	0
Total non-current assets	13,475,526	415,446
Total assets	33,385,620	20,458,948
Current liabilities:
Accounts payable and accrued liabilities	1,622,694	1,074,786
Accounts payable-related party	100,541	105,062
Accrued income tax liability	243,989	0
Deferred revenues	212,636	0
Deferred tax liability	4,657	0
Accrued interest	123	123
Customer deposit	100,925	68,635
Contingent liability	1,218,027	0
Current portion of operating lease liabilities	101,007	100,209
Total current liabilities	3,604,599	1,348,815
Non-current liabilities:
Non-current portion of operating lease liability	92,487	182,024
Total non-current liabilities	92,487	182,024
Total liabilities	3,697,086	1,530,839
Shareholders' equity:
Preferred stock, value	0	0
Common stock: $0.00001 par value; 250,000,000 and 40,000,000 shares authorized; 28,182,575 and 27,231,401 shares issued and outstanding respectively	282	272
Additional paid-in capital	49,722,074	43,354,366
Accumulated other comprehensive loss	(108,782)	(1,720)
Accumulated deficit	(22,860,114)	(24,424,809)
Total shareholders' equity of GMGI	26,753,460	18,928,109
Noncontrolling interests	2,935,074	0
Total equity	29,688,534	18,928,109
Total liabilities and shareholders' equity	33,385,620	20,458,948
Preferred Stock Series B Member]
Shareholders' equity:
Preferred stock, value	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2022	Oct. 31, 2021
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, authorized	20,000,000	20,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, authorized	250,000,000	40,000,000
Common stock, issued	28,182,575	27,231,401
Common stock, outstanding	28,182,575	27,231,401
Preferred Stock Series B Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, designated	1,000	1,000
Preferred stock, issued	1,000	1,000
Preferred stock, outstanding	1,000	1,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Consolidated Statements of Operations and Comprehensive Income (Unaudited)
Revenues	$ 8,885,206	$ 2,694,611	$ 25,800,234	$ 6,000,365
Revenues-related party	216,335	556,743	661,155	1,841,906
Total revenues	9,101,541	3,251,354	26,461,389	7,842,271
Cost of goods sold	(6,620,517)	(2,043,593)	(19,415,700)	(4,491,520)
Gross profit	2,481,024	1,207,761	7,045,689	3,350,751
Costs and expenses:
G&A expense	1,453,776	340,903	4,133,368	820,254
G&A expense- related party	195,710	224,266	534,910	1,524,208
Professional fees	101,656	63,770	463,625	206,132
Research and development expense	570	68,046	21,982	118,151
Total operating expenses	1,751,712	696,985	5,153,885	2,668,745
Income from operations	729,312	510,776	1,891,804	682,006
Other income (expense):
Interest expense				(955)
Interest earned	793	46	1,776	127
Foreign exchange gain (loss)	28,495	(26,209)	227,324	(16,421)
Total other income (expense)	29,288	(26,163)	229,100	(17,249)
Net income before tax	758,600	484,613	2,120,904	664,757
Provision for income taxes	78,951		326,135
Net income	679,649	484,613	1,794,769	664,757
Less: Net income attributable to noncontrolling interest	51,317		230,074
Net income attributable to GMGI	$ 628,332	$ 484,613	$ 1,564,695	$ 664,757
Weighted average ordinary shares outstanding:
Basic	28,149,967	23,404,205	27,994,628	22,615,734
Diluted	36,558,151	34,741,973	35,876,734	33,844,975
Net income per ordinary share attributable to GMGI:
Basic	$ 0.02	$ 0.02	$ 0.06	$ 0.03
Diluted	$ 0.02	$ 0.01	$ 0.04	$ 0.02
Statement of Comprehensive Income:
Net income	$ 679,649	$ 484,613	$ 1,794,769	$ 664,757
Foreign currency translation adjustments	(53,881)	(2,997)	(107,062)	(2,219)
Comprehensive income	625,768	481,616	1,687,707	662,538
Less: Net income attributable to noncontrolling interest	51,317		230,074
Comprehensive income attributable to GMGI	$ 574,451	$ 481,616	$ 1,457,633	$ 662,538

Consolidated Statement of Share

Consolidated Statement of Shareholders Equity (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Stock Payable [Member]	Accumulated other comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]	Total Equity Of GMGI [Member]	Noncontrolling Interest [Member]	Preferred Stock-Series B [Member]
Balance, shares at Oct. 31, 2020		20,743,430							1,000
Balance, amount at Oct. 31, 2020	$ 5,854,060	$ 207	$ 30,979,575	$ 0	$ (683)	$ (25,125,039)	$ 5,854,060	$ 0	$ 0
Fair value of shares issued for services, shares		8,608
Fair value of shares issued for services, amount	54,840	$ 0	48,840	6,000	0	0	54,840	0	0
Shares issued on exercise of options, shares		200,000
Shares issued on exercise of options, amount	12,010	$ 2	12,008	0	0	0	12,010	0	0
Shares issued on cashless exercise of options, shares		1,238,827
Shares issued on cashless exercise of options, amount	0	$ 13	(13)	0	0	0	0	0	0
Shares issued for private placement, shares		1,579,029
Shares issued for private placement, amount	7,697,001	$ 16	7,696,985	0	0	0	7,697,001	0	0
FV of option/warrants issued for services	1,366,288	0	1,366,288	0	0	0	1,366,288	0	0
Acquisition of GTG	(53,709)	0	(53,709)	0	0	0	(53,709)	0	0
Cumulative Translation adjustment	(2,219)	0	0	0	(2,219)	0	(2,219)	0	0
Imputed interest	956	0	956	0	0	0	956	0	0
Net profit for the period	664,757	$ 0	0	0	0	664,757	664,757	0	$ 0
Balance, shares at Jul. 31, 2021		23,769,894							1,000
Balance, amount at Jul. 31, 2021	15,593,984	$ 238	40,050,930	6,000	(2,902)	(24,460,282)	15,593,984	0	$ 0
Balance, shares at Apr. 30, 2021		23,289,273							1,000
Balance, amount at Apr. 30, 2021	13,920,959	$ 233	38,859,526	6,000	95	(24,944,895)	13,920,959	0	$ 0
Fair value of shares issued for services, shares		1,776
Fair value of shares issued for services, amount	18,000	$ 0	18,000	0	0	0	18,000	0	0
Shares issued on cashless exercise of options, shares		308,845
Shares issued on cashless exercise of options, amount	0	$ 3	(3)	0	0	0	0	0	0
Shares issued for private placement, shares		170,000
Shares issued for private placement, amount	1,020,000	$ 2	1,019,998	0	0	0	1,020,000	0	0
FV of option/warrants issued for services	153,409	0	153,409	0	0	0	153,409	0	0
Cumulative Translation adjustment	(2,997)	0	0	0	(2,997)	0	(2,997)	0	0
Net profit for the period	484,613	$ 0	0	0	0	484,613	484,613	0	$ 0
Balance, shares at Jul. 31, 2021		23,769,894							1,000
Balance, amount at Jul. 31, 2021	15,593,984	$ 238	40,050,930	6,000	(2,902)	(24,460,282)	15,593,984	0	$ 0
Balance, shares at Oct. 31, 2021		27,231,401							1,000
Balance, amount at Oct. 31, 2021	18,928,109	$ 272	43,354,366	0	(1,720)	(24,424,809)	18,928,109	0	$ 0
Fair value of shares issued for services, shares		808
Fair value of shares issued for services, amount	6,000	$ 0	6,000	0	0	0	6,000	0	0
Shares issued on exercise of options, shares		66,666
Shares issued on exercise of options, amount	32,000	$ 1	31,999	0	0	0	32,000	0	0
Shares issued on cashless exercise of options, shares		112,095
Shares issued on cashless exercise of options, amount	0	$ 1	(1)	0	0	0	0	0	0
FV of option/warrants issued for services	437,068	0	437,068	0	0	0	437,068	0	0
Cumulative Translation adjustment	(107,062)	0	0	0	(107,062)	0	(107,062)	0	0
Net profit for the period	1,794,769	$ 0	0	0	0	1,564,695	1,564,695	230,074	0
Shares issued on cashless exercise of options - related party, shares		35,023
Shares issued on cashless exercise of options - related party, amount	0	$ 0	0	0	0	0	0	0	0
Shares issued as consideration to acquire RKings, shares		736,582
Shares issued as consideration to acquire RKings, amount	5,892,650	$ 8	5,892,642	0	0	0	5,892,650	0	0
Fair value of non-controlling interest in RKings	2,705,000	$ 0	0	0	0	0	0	2,705,000	$ 0
Balance, shares at Jul. 31, 2022		28,182,575							1,000
Balance, amount at Jul. 31, 2022	29,688,534	$ 282	49,722,074	0	(108,782)	(22,860,114)	26,753,460	2,935,074	$ 0
Balance, shares at Apr. 30, 2022		28,115,909							1,000
Balance, amount at Apr. 30, 2022	28,883,493	$ 281	49,542,802	0	(54,901)	(23,488,446)	25,999,736	2,883,757	$ 0
Shares issued on exercise of options, shares		66,666
Shares issued on exercise of options, amount	32,000	$ 1	31,999	0	0	0	32,000	0	0
FV of option/warrants issued for services	147,273	0	147,273	0	0	0	147,273	0	0
Cumulative Translation adjustment	(53,881)	0	0	0	(53,881)	0	(53,881)	0	0
Net profit for the period	679,649	$ 0	0	0	0	628,332	628,332	51,317	$ 0
Balance, shares at Jul. 31, 2022		28,182,575							1,000
Balance, amount at Jul. 31, 2022	$ 29,688,534	$ 282	$ 49,722,074	$ 0	$ (108,782)	$ (22,860,114)	$ 26,753,460	$ 2,935,074	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flow (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities:
Net income	$ 1,794,769	$ 664,757
Adjustments to reconcile net income to cash provided by operating activities:
Fair value of stock options issued for services	437,068	1,366,288
Fair value of shares issued for services	6,000	54,840
Unrealized foreign exchange gain on contingent liability	(148,473)	0
Imputed interest	0	956
Amortization expense	285,815	24,131
Depreciation of property, plant and equipment	13,841	0
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable, net	(182,592)	(637,710)
(Increase) decrease in accounts receivable - related party	647,381	(866,907)
(Increase) decrease in prepaid expense	(94,554)	(1,056)
(Increase) decrease in short-term deposit	0	(62,787)
(Increase) decrease in inventory, prize	(411,704)	0
(Increase) decrease in operating lease assets	72,868	16,610
(Decrease) increase in accounts payable and accrued liabilities	560,168	1,333,681
(Decrease) increase in accounts payable - related party	(4,818)	(197,131)
(Decrease) increase in contingent liability	0	(29,988)
(Decrease) increase in accrued income tax liability	(239,281)	0
(Decrease) increase in deferred revenues	(40,225)	0
(Decrease) in customer deposit	34,201	(195,131)
(Decrease) increase in operating lease liabilities	(70,132)	(15,777)
Net cash provided by operating activities	2,660,332	1,454,776
Cash flows from investing activities:
Cash paid for purchase of RKings	(3,341,453)	0
Cash paid for purchase of GTG - related party	0	(115,314)
Cash received from Investment in GTG - related party	0	192
Cash paid for leasehold improvement	(35,520)	0
Cash paid for purchase of fixed assets	(35,738)	(116,000)
Cash paid for purchase of intangible assets	(86,339)	0
Net cash used in investing activities	(3,499,050)	(231,122)
Cash flows from financing activities:
Proceeds from sale of stock	0	7,697,001
Repayments on shareholder loans	0	(1,000)
Repayments on settlement payable - related party	0	(66,803)
Proceeds from option exercise	32,000	12,010
Net cash provided by financing activities	32,000	7,641,208
Effect of exchange rate changes on cash	(121,278)	4,759
Net increase (decrease) in cash and cash equivalents	(927,996)	8,869,621
Cash and cash equivalents at beginning of year	16,797,656	5,009,996
Cash and cash equivalents at end of the quarter	15,869,660	13,879,617
Supplemental cash flows disclosures
Interest paid	0	0
Tax paid	565,417	0
Supplemental disclosure of non-cash activities
Cashless exercise of options	1	13
Accounts payable settled with accounts receivable - related party	0	504,651
Acquisition of GTG	0	115,314
Intangible asset written down	$ 58,000	$ 0

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICIES	9 Months Ended
	Jul. 31, 2022
BASIS OF PRESENTATION AND ACCOUNTING POLICIES
BASIS OF PRESENTATION AND ACCOUNTING POLICIES	NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES Organization and Operations Golden Matrix Group, Inc. (together with its consolidated subsidiaries, collectively, “ Golden Matrix GMGI we our us Company SaaS The Company has historically operated in the business-to-business (“ B2B B2C In the B2B segment, the Company has developed a proprietary Internet gaming enterprise software system that provides for unique casino and live game operations on the platforms that include GM-X System (“ GM-X RMiG SIM In the B2C segment, the Company has improved functionality and responsiveness of the RKingsCompetitions.com website and expanded its marketing efforts from Northern Ireland to encompass the UK as its customer reach. On April 27, 2020, we filed a Certificate of Change Pursuant to NRS 78.209 with the Nevada Secretary of State pursuant to which we affected a reverse stock split of our authorized and issued and outstanding common stock in a ratio of 1-for-150. As a result of such filing, our authorized shares of common stock decreased from 6 billion to 40 million and our issued and outstanding shares of common stock decreased in a ratio of 1-for-150. All fractional shares of common stock remaining after the reverse split were rounded up to the nearest whole share. Pursuant to Section 78.207(1) of the Nevada Revised Statutes (“ NRS On May 12, 2020, the Board of Directors of the Company approved a change in the Company’s fiscal year from July 31 to January 31, effective as of the same date. On January 19, 2021, the Company acquired 100% ownership of Global Technology Group Pty Ltd (GTG), an Australian Company. GTG has an Alderney Gambling Control Commission (“ AGCC The Company is required to have a recognized business-to-business (B2B) gaming license in order to acquire certain gaming content. Currently the Company is not required to have a gaming license for the licensing of its GM-X System or the resale of third-party content to operators in the jurisdictions in which it currently conducts business, however as the Company expands its global distribution licensing, regulatory requirements will be required. On October 29, 2021, the Board of Directors approved a change in the Company’s fiscal year from January 31 to October 31, effective as of the same date. On November 22, 2021, the Board of Directors of the Company approved the filing of a Certificate of Amendment to the Company’s Articles of Incorporation to increase the Company’s authorized number of shares of Common Stock from forty million (40,000,000) shares to two hundred and fifty million (250,000,000) shares and to restate Article 3, Capital Stock thereof, to reflect such amendment, and clarify the Board of Director’s ability to designate and issue ‘blank check’ preferred stock. The Amendment was filed with the Secretary of State of Nevada and became effective on December 16, 2021. On November 29, 2021, the Company entered into a Sale and Purchase Agreement of Ordinary Issued Share Capital (the “ Purchase Agreement RKings Effective March 10, 2022, Luxor Capital LLC (“ Luxor Series B Preferred Stock On March 11, 2022, the Company’s Board of Directors and Mr. Goodman, as the then sole shareholder of the Company’s Series B Preferred Stock (pursuant to a written consent to action without meeting of the sole Series B Preferred Stock shareholder), approved the adoption of, and filing of, an Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designation, Preferences, Limitations and Relative Rights of its Series B Voting Preferred Stock (the terms of which are discussed in greater detail under “ NOTE 12 – EQUITY 2022 Equity Incentive Plan On May 5, 2022, the Company’s Board of Directors and majority stockholders approved the adoption of the Company’s 2022 Equity Incentive Plan (the “ 2022 Plan Subject to adjustment in connection with the payment of a stock dividend, a stock split or subdivision or combination of the shares of common stock, or a reorganization or reclassification of the Company’s common stock, the aggregate number of shares of common stock which may be issued pursuant to awards under the 2022 Plan is the sum of (i) 5,000,000 shares, and (ii) an annual increase on May 1st of each calendar year, beginning in 2023 and ending in 2032, in each case subject to the approval of the Board of Directors or the compensation committee of the Company (if any) on or prior to the applicable date, equal to the lesser of (A) ten percent (10%) of the total shares of common stock of the Company outstanding on the last day of the immediately preceding fiscal year; (B) 1,000,000 shares of common stock; and (C) such smaller number of shares as determined by the Board of Directors or compensation committee of the Company (the “ Share Limit Interim Financial Statements These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“ US GAAP SEC The results of operations for the nine months ended July 31, 2022, are not necessarily indicative of the results to be expected for the full fiscal year ending October 31, 2022. Principles of Consolidation The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Global Technology Group Pty Ltd. and its 80% ownership interest in RKingsCompetitions Ltd. All intercompany transactions and balances have been eliminated. Business Combination - Common Control Asset Acquisition of Global Technology Group Pty Ltd A common-control transaction is a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. As disclosed in “NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES — Organization and Operations”, on January 19, 2021, the Company acquired 100% ownership of GTG, then wholly-owned by Mr. Anthony Brian Goodman. Mr. Goodman is also a controlling party of the Company via his stock holding in Luxor Capital, LLC, which has a controlling vote of greater than 50% of the Company. As such, the acquisition of GTG was a common control acquisition. The accounting and reporting for a transaction between entities under common control is addressed in the “ Transactions Between Entities Under Common Control Business Combination - Acquisition of 80% of RKingsCompetitions Ltd The Company accounts for business combinations using the acquisition method of accounting in accordance with FASB ASC 805, “ Business Combinations Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation, accrued expenses and collectability of accounts receivable. The Company evaluates its estimates on an on-going basis and bases its estimates on historical experience and on various other assumptions the Company believes to be reasonable. Due to inherent uncertainties, actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company currently has no cash equivalents at July 31, 2022 and October 31, 2021. Allowance for Doubtful Accounts The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on known troubled accounts, historical experience, and other currently available evidence. As of July 31, 2022 and October 31, 2021, the allowance for doubtful accounts was $0 and $168,557, respectively. During the nine months ended July 31, 2022, a $168,557 allowance for doubtful debts was written off and there was no bad debt expense recorded. The corresponding accounts receivable balance was also written off. Website Development Costs The Company accounts for website development costs in accordance with ASC 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day-to-day operation of the website are expensed as incurred. All costs associated with the websites are subject to straight-line amortization over a three-year period. During the nine months ended July 31, 2022, $79,247 in development costs, or related costs were incurred and capitalized. Software Development Costs The Company capitalizes internal software development costs subsequent to establishing technological feasibility of a software application in accordance with guidelines established by “ ASC 985-20-25 Inventories, Prizes RKings purchases prizes to award to winners of prize competitions; these prizes are RKings’ inventory. Operations that include prizes are only through RKings. Inventory is stated at the lower of cost or net realizable value, using the first-in, first out (“ FIFO Property, Plant and Equipment Plant and machinery, fixtures, fittings, and equipment are recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed pursuant to the straight-line method over the useful life of four years. The depreciable life of leasehold improvements is limited by the expected lease term. Property, plant and equipment were $81,783 and $0 at July 31, 2022 and October 31, 2021, respectively. Impairment of Intangible Assets In accordance with ASC 350-30-65 “ Goodwill and Other Intangible Assets 1. Significant underperformance compared to historical or projected future operating results; 2. Significant changes in the manner or use of the acquired assets or the strategy for the overall business; and 3. Significant negative industry or economic trends When the Company determines that the carrying value of an intangible asset may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent to the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. Intangible assets that have finite useful lives are amortized over their useful lives. The Company incurred amortization expense of $285,815 and $24,131 during the nine months ended July 31, 2022 and 2021, respectively. Revenue Recognition The Company currently has three distinctive revenue streams. In the B2B segment there are two revenue streams (i) charges for usage of the Company’s software, and (ii) a royalty charged on the use of third-party gaming content. In the B2C segment, the revenue stream is related to the prize competition tickets sold to enter prize competitions in the UK through RKings. B2B segment, revenue descriptions: 1. For the usage of the Company’s software, the Company charges gaming operators for the use of its unique intellectual property (IP) and technology systems. 2. For the royalty charged on the use of third-party gaming content, the Company acquires the third-party gaming content for a fixed cost and resells the content at a margin. B2C segment, revenue descriptions: The Company generates revenues through RKings from sales of prize competitions tickets directly to customers for prizes throughout the United Kingdom ranging from automobiles to jewelry, as well as travel and entertainment experiences. Pursuant to FASB Topic 606, Revenue Recognition, our company recognizes revenues by applying the following steps: Step 1: Identify the contract with a customer. Step 2: Identify the separate performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the separate performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. For the usage of the Company’s software, the Company provides services to the counterparty which include licensing the use of its unique IP and technology systems. The counterparty pays consideration in exchange for those services which include a variable amount depending on the Software Usage. The Company only recognizes the revenue at the month end when the usage occurs, and the revenue is based on the actual Software Usage of its customers. For the royalty charged on the use of third-party gaming content, the Company acts as a distributor of the third-party gaming content which is utilized by the client. The counterparty pays consideration in exchange for the gaming content utilized. The Company only recognizes the revenue at the month end when the usage of the gaming content occurs, and the revenue is based on the actual usage of the gaming content. For the prize competitions ticket sales, revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration RKings expects to be entitled to in exchange for those goods or services. Payments for prize competitions received in advance of services being rendered are recorded as deferred revenue and recognized as revenue when control of the prize has been transferred to the winner of prize competitions. Earnings Per Common Share Basic net earnings per share of common stock is computed by dividing net earnings available to common shareholders by the weighted-average number of common stock shares (Common Shares) outstanding during the period. Diluted net earnings per Common Share are determined using the weighted-average number of Common Shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method. The following table sets forth the calculation of basic and diluted net earnings per share for the periods ended July 31, 2022 and 2021. All shares and per share amounts have been adjusted for the 1-for-150 reverse stock split which took effect in the marketplace on June 26, 2020: For the three months ended For the nine months ended July 31, July 31, 2022 2021 2022 2021 Basic earnings per common share Numerator: Net income available to common shareholders $ 628,332 $ 484,613 $ 1,564,695 $ 664,757 Denominator: Weighted average common shares outstanding 28,149,967 23,404,205 27,994,628 22,615,734 Basic earnings per common share $ 0.02 $ 0.02 $ 0.06 $ 0.03 Diluted earnings per common share Numerator: Net income available to common shareholders $ 628,332 $ 484,613 $ 1,564,695 $ 664,757 Denominator: Weighted average common shares outstanding 28,149,967 23,404,205 27,994,628 22,615,734 Preferred shares 793,478 1,000 267,399 1,000 Warrants/Options 7,614,707 11,336,768 7,614,707 11,228,241 Adjusted weighted average common shares outstanding 36,558,152 34,741,973 35,876,734 33,844,975 Diluted earnings per common share $ 0.02 $ 0.01 $ 0.04 $ 0.02 Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “ more likely-than-not Foreign Currency Translation and Transactions The functional currency of our foreign operations is generally the local currency. For these foreign entities, we translate their financial statements into U.S. dollars using average exchange rates for the period for income statement amounts and using end-of-period exchange rates for assets and liabilities. We record these translation adjustments in Accumulated other comprehensive income (loss), a separate component of Equity, in our consolidated balance sheets. We record exchange gains and losses resulting from the conversion of transaction currency to functional currency as a component of other income (expense). Fair Value of Financial Instruments The Company has adopted the provisions of ASC Topic 820, “ Fair Value Measurements The hierarchy consists of three levels: · Level 1 - Quoted prices in active markets for identical assets or liabilities. · Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets of liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company uses Level 3 inputs for its valuation methodology for the warrant derivative liabilities and embedded conversion option liabilities. Financial instruments consist principally of cash, accounts receivable, prepaid expenses, intangible assets, accounts payable, accrued liabilities, and customer deposits. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. Stock-Based Compensation The Stock-based compensation expense is recorded as a result of stock options granted in return for services rendered. For the comparative periods, the share-based payment arrangements with employees were accounted for under FASB Accounting Standards Codification (ASC) 718, while nonemployee share-based payments issued for goods and services are accounted for under ASC 505-50. ASC 505-50 and Accounting Standards Update (ASU) 2018-07. The expenses related to the share-based compensation are recognized on each reporting date. The amount is calculated as the difference between total expenses incurred and the total expenses already recognized. The stock-based compensation of options issued to consultants was recognized as a component of cost of goods sold since the stock-based compensation is the direct labor cost associated with running the Company’s GM2 Asset system. Recent Issued Accounting Pronouncements The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements. Impact of COVID-19 Pandemic on Consolidated Financial Statements. The outbreak of the 2019 novel coronavirus disease (“ COVID-19

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	9 Months Ended
	Jul. 31, 2022
ACCOUNTS RECEIVABLE, NET
ACCOUNTS RECEIVABLE, NET	NOTE 2 – ACCOUNTS RECEIVABLE, NET Accounts receivable are carried at their estimated collectible amounts. The balance is composed of trade accounts receivables that are periodically evaluated for collectability based on past credit history with customers and their current financial condition and amount due from Citibank for Automated Clearing House (ACH) transfers that were erroneously processed by Citibank (described below). Amount due from Citibank is the result of Automated Clearing House (ACH) transfers that were erroneously posted to the Company’s bank account. The Company first notified Citibank of ACH transfers that were erroneously posted to the account. Overall, $729,505 of ACH transactions had posted to its accounts that were not authorized. Citibank immediately recognized that it was an error under the Electronic Fund Transfer Act (EFTA) (15 U.S.C. 1693 et seq.) of 1978 and 12 CFR 1005.11 and proceeded to immediately replenish $392,921 of the unauthorized ACH transactions which resulted in a receivable due from Citibank of $336,584 as of October 31, 2021. During the nine months ended July 31, 2022, an additional $269,086 was replenished by Citibank which resulted in a balance due from Citibank of $67,498. The Company has accounts receivable of $1,929,653 and $1,762,725 as of July 31, 2022 and October 31, 2021, respectively (net of allowance for bad debt of $0 and $168,557, respectively).

ACCOUNTS RECEIVABLE - RELATED P

ACCOUNTS RECEIVABLE - RELATED PARTY	9 Months Ended
	Jul. 31, 2022
ACCOUNTS RECEIVABLE, NET
ACCOUNTS RECEIVABLE - RELATED PARTY	NOTE 3 – ACCOUNTS RECEIVABLE – RELATED PARTY Accounts receivable-related party are carried at their estimated collectible amounts. Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. The Company has accounts receivable from one related party: Articulate Pty Ltd. (“ Articulate

PREPAID EXPENSES

PREPAID EXPENSES	9 Months Ended
	Jul. 31, 2022
PREPAID EXPENSES
PREPAID EXPENSES	NOTE 4 – PREPAID EXPENSES The prepaid expenses mainly include prepayments to suppliers for the gaming content usage, IR service, rent, insurance, advance payment for the Mexican gaming permit application, and a one-year Gaming License fee. The gaming permit application has been approved but cannot be utilized until such time as the Company closes its pending acquisition of Golden Matrix MX, a newly formed shell company incorporated in Mexico, for nominal consideration, which entity has no assets or operations, and has been formed for the sole purpose of operating an online casino in Mexico. The balances of prepaid expenses are $202,779 and $114,426 as of July 31, 2022 and October 31, 2021, respectively. The components of prepaid expenses are as follows: As of July 31, As of October 31, 2022 2021 Prepayments to suppliers $ 71,508 $ 104,336 Advance payment for the Mexican gaming permit application 100,000 - Prepayment for the gaming license fee 25,832 10,090 Prepaid payroll expense 5,439 - Total prepaid expenses $ 202,779 $ 114,426

SHORT-TERM DEPOSITS

SHORT-TERM DEPOSITS	9 Months Ended
	Jul. 31, 2022
SHORT-TERM DEPOSITS
SHORT-TERM DEPOSITS	NOTE 5 – SHORT-TERM DEPOSITS Office Lease deposit Short-term deposits represent a deposit required for a new office lease in Australia. On June 1, 2021, the Company (through GTG) entered into a three-year term lease agreement for office space which commenced on June 1, 2021. The Company has the option to renew for a period of three years. The rent is $115,265 ($148,902 AUD) per year (subject to a 4% annual increase) plus goods and services tax charged at 10% based on Australian Taxation Law. Under the terms of the lease, the Company is required to provide a bank guarantee and has entered into a $57,385 ($81,896 AUD) Term Deposit at St. George Bank (with lessor as beneficiary) as collateral for the bank guarantee (from St. George Bank) to the benefit of the lessor. The Term Deposit was opened on June 1, 2021, had a one-year maturity and earned 0.25% interest per year. On June 1, 2022, the Term Deposit was automatically reinvested at St. George Bank for an additional one-year term, under the same terms as the original Term Deposit of June 1, 2021; the interest rate on renewal is 0.25%. As of July 31, 2022 and October 31, 2021, the operating lease right-of-use asset is $188,914 and $280,183, respectively, and there was also a current operating lease liability of $101,007 and $100,209, respectively and a non-current operating lease liability of $92,487 and $182,024, respectively.

ACQUISITION

ACQUISITION	9 Months Ended
	Jul. 31, 2022
ACQUISITION
ACQUISITION	NOTE 6 – ACQUISITION Related Party Asset Acquisition On December 22, 2020, the Company entered into a Share Purchase Agreement with Anthony Brian Goodman, CEO of the Company and also the sole director and owner of GTG, which entity was acquired on January 19, 2021, as disclosed in “NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES — Organization and Operations”. Under the agreement, Mr. Goodman agreed to sell 100% of the shares in GTG to the Company for total consideration of 85,000 GBP. On January 19, 2021, the Company acquired the shares in GTG and became the ultimate holding company of GTG. On March 22, 2021, the Company paid Mr. Goodman $115,314 (equivalent to 85,000 GBP), for the acquisition of GTG. As described more fully in “ NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES The assets acquired and liabilities assumed in the Share Purchase Agreement are as follows: Purchase Price: 85,000 GBP based on the exchange rate on January 19, 2021 $ 115,314 Assets acquired and liabilities assumed Cash 192 Prepayments – Gaming License 61,513 Advance from shareholders (100 ) $ 61,605 Reduction in Additional Paid in Capital in GMGI 53,709 Consideration payable – related party $ 115,314 Third Party Business Acquisition On November 29, 2021, the Company entered into the Purchase Agreement, to acquire an 80% ownership interest in RKings from Mark Weir and Paul Hardman, individuals (each a “ Seller Sellers RKings is a United Kingdom based online competition company offering business-to-consumer tournaments whereby individuals can purchase entries for online prize drawings. Pursuant to the Purchase Agreement, the Sellers agreed to sell the Company 80% of the outstanding capital stock of RKings (the “ Purchase RKings Stock (1) a cash payment of GBP £3,000,000 (USD $4,099,500); (2) 666,250 restricted shares of the Company’s common stock, with an agreed value of GBP £4,000,000 (USD $5,330,000), or $8.00 per share of Company common stock (the “ Company Share Value Closing Shares (3) within seven days after the receipt of the audit of RKings (as required by Securities and Exchange Commission (“ SEC Post-Closing Shares A total of GBP £1,000,000 (USD $1,366,500)(the “ Holdback Amount NOTE 15 – SUBSEQUENT EVENTS Filing Date Earn-Out Consideration Earn-Out Shares On December 6, 2021, the Company closed the Purchase, which had an effective date of November 1, 2021. The Purchase Agreement also required that the Sellers and the Company enter into a Shareholders Agreement (the “ Shareholders Agreement In accordance with FASB ASC Section 805, “ Business Combinations business Goodwill is measured as a residual and calculated as the excess of the sum of (1) the purchase price to acquire 80% of RKings’ shares, which was $11,358,650, and (2) the fair value of the 20% noncontrolling interest in RKings, which was estimated to be $2,705,000, over the net of the acquisition-date values of the identifiable assets acquired and the liabilities assumed. The Company accounts for business combinations in accordance with FASB ASC 805, “ Business Combinations As described more fully in “ NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES The calculation of the purchase price and the assets acquired and liabilities assumed in the Purchase Agreement are as follows: Calculation of Purchase Price and Preliminary Estimated Purchase Price Allocation Purchase price buildup Amount Closing cash consideration of GBP £3,000,000 based on Exchange Rate on November 1, 2020 $ 4,099,500 Fair value of contingent cash consideration of GBP £1,000,000 to be paid in six months based on Exchange Rate on November 1, 2020 1,366,500 Fair value of 666,250 restricted shares at $8 per share 5,330,000 Fair value of contingent shares consideration 562,650 Purchase price $ 11,358,650 Fair value of non-controlling interest 2,705,000 Equity value $ 14,063,650 Add: Current liabilities 960,753 Total equity and liabilities $ 15,024,403 Allocation to assets Cash and cash equivalents $ 758,047 Inventory, prizes 906,018 Property, Plant & Equipment, net 27,613 Total tangible assets 1,691,678 Intangible assets Website development costs, net $ 13,901 Trade Names and Trademarks 2,000,000 Non‐Compete Agreements 600,000 Total intangible assets 2,613,901 Goodwill 10,718,824 Total assets allocated $ 15,024,403 RKings’ results of operations have been included in our consolidated financial statements beginning November 1, 2021. RKings contributed revenues of $15,458,552 and net income attributable to GMGI of $920,294 for the period from the date of acquisition through July 31, 2022. The following table summarizes the unaudited pro-forma consolidated results of operations for the periods ended July 31, 2022 and 2021, as if the acquisition had occurred on November 1, 2020. Three Months Ended Nine Months Ended July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 Pro-forma total revenues $ 9,101,541 $ 10,201,863 $ 26,461,389 $ 36,339,185 Pro-forma net income attributable to GMGI $ 628,332 $ 1,080,034 $ 1,564,695 $ 2,192,686 The unaudited pro-forma consolidated results above are based on the historical financial statements of the Company and RKings and are not necessarily indicative of the results of operations that would have been achieved if the acquisition was completed at November 1, 2020, and are not indicative of the future operating results of the combined company. The pro-forma consolidated results of operations also include the effects of purchase accounting adjustments, including amortization charges related to the finite-lived intangible assets acquired, assuming that the business combination occurred on November 1, 2020. The values assigned to the assets acquired and liabilities assumed are based on preliminary valuations, for the RKings acquisition, and are subject to change as the Company obtains additional information during the remaining measurement period.

INTANGIBLE ASSETS - SOFTWARE PL

INTANGIBLE ASSETS - SOFTWARE PLATFORM, WEBSITE DEVELOPMENT COSTS, TRADEMARKS AND NON-COMPETE AGREEMENTS	9 Months Ended
	Jul. 31, 2022
INTANGIBLE ASSETS - SOFTWARE PLATFORM, WEBSITE DEVELOPMENT COSTS, TRADEMARKS AND NON-COMPETE AGREEMENTS
INTANGIBLE ASSETS - SOFTWARE PLATFORM, WEBSITE DEVELOPMENT COSTS, TRADEMARKS AND NON-COMPETE AGREEMENTS	NOTE 7 – INTANGIBLE ASSETS – SOFTWARE PLATFORM, WEBSITE DEVELOPMENT COSTS, TRADEMARKS AND NON-COMPETE AGREEMENTS On March 1, 2021, the Company entered into an Asset Purchase Agreement with Gamefish Global Pty Ltd, a company incorporated in Australia (“ Gamefish Aggregation Platform The website development costs to upgrade and enhance the functionality of RKings’ website were capitalized which amount to $79,247 as of July 31, 2022. Intangible assets related to software and website are amortized on a straight-line basis over their expected useful lives, estimated to be 3 years. Amortization expenses related to intangible assets were $285,815 and $24,131 for the nine months ended July 31, 2022 and 2021, respectively. Accumulated amortization was $324,880 and $38,737 as of July 31, 2022 and October 31, 2021, respectively. The following table details the carrying values of the Company’s intangible assets excluding goodwill: As of July 31, 2022 October 31, 2021 Definite-lived intangible assets Aggregation Platform $ 116,000 $ 174,000 Website Development Cost 94,885 - Trademarks 2,000,000 - Non-compete Agreements 600,000 - Gross definite-lived intangible assets 2,810,885 174,000 Less: accumulated amortization Aggregation Platform (64,932 ) (38,737 ) Website Development Cost (19,948 ) - Trademarks (150,000 ) - Non-compete Agreements (90,000 ) - Total accumulated amortization (324,880 ) (38,737 ) Net definite-lived intangible assets $ 2,486,005 $ 135,263

ACCOUNTS PAYABLE - RELATED PART

ACCOUNTS PAYABLE - RELATED PARTIES	9 Months Ended
	Jul. 31, 2022
ACCOUNTS RECEIVABLE, NET
ACCOUNTS PAYABLE - RELATED PARTIES	NOTE 8 – ACCOUNTS PAYABLE – RELATED PARTIES The accounts payable to related parties include the accrued consulting fees and salaries payable to the Directors and management of the Company and also the accounts payable to Articulate Pty Ltd. (“ Articulate

DEFERRED REVENUES

DEFERRED REVENUES	9 Months Ended
	Jul. 31, 2022
PREPAID EXPENSES
DEFERRED REVENUES	NOTE 9 – DEFERRED REVENUES The payments for prize competitions received in advance of services being rendered are recorded as deferred revenue and recognized as revenue when control of the prize has been transferred to the winners of prize competitions. Deferred revenues were $212,636 and $0 as of July 31, 2022 and October 31, 2021, respectively.

CUSTOMER DEPOSITS

CUSTOMER DEPOSITS	9 Months Ended
	Jul. 31, 2022
CUSTOMER DEPOSITS
CUSTOMER DEPOSITS	NOTE 10 – CUSTOMER DEPOSITS The Company has two sources of customer deposits. One source of deposits is from the Company’s customers participating in the Progressive Jackpot Games. The clients are required to provide the Company with a minimum deposit amount of $5,000, which serves as a deposit for the Progressive Contribution Fee. During the tenure of the client’s operation, the deposit will not be used to deduct or offset any invoices, and when the client decides not to operate, the deposit will be fully refunded to the client. As of July 31, 2022 and October 31, 2021, customer deposits relating to customers participating in the Progressive Jackpot Games amounted to $57,058 and $32,886, respectively. The other source of deposits is the payment from customers in advance of any use of gaming content. As the gaming content is utilized by the customers, revenues are recognized. As of July 31, 2022 and October 31, 2021, a total of $43,867 and $35,749 of customer deposits are from this source.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Jul. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 11 – RELATED PARTY TRANSACTIONS All related party transactions have been recorded at the exchange value which was the amount of consideration established and agreed to by the related parties. Anthony Brian Goodman On October 26, 2020, the Company entered into an Employment Agreement with Mr. Goodman, the Company’s Chief Executive Officer and Chairman. Pursuant to the agreement, Mr. Goodman is to receive an annual salary of $144,000, plus a superannuation (compulsory payments required pursuant to Australian law made into a fund by an employee toward a future pension) of 9.5% of Mr. Goodman’s salary. Beginning July 1, 2022, the superannuation increased to 10.5% of the salary pursuant to Australian law. As of July 31, 2022 and October 31, 2021, total wages payable to Mr. Goodman were $7,612 and $0, respectively, and the superannuation payable was $4,860 and $14,205, respectively. On June 29, 2021, the Company extended the expiration date of options to purchase 5,400,000 shares of common stock previously granted to Mr. Goodman, the Company’s Chief Executive Officer, at an exercise price of $0.066 per share, which were to expire on June 30, 2021, until December 31, 2022. More details of the options are covered in “ NOTE 12 – EQUITY On September 18, 2021, Mr. Goodman exercised options to purchase 2,700,000 shares of common stock in a cashless exercise pursuant to which 355,109 shares were surrendered to the Company to pay for the aggregated exercise price of the options ($2,450,250) and 2,344,891 shares were issued. More details of the options are covered in “ NOTE 12 – EQUITY Effective March 10, 2022, Luxor Capital LLC (Luxor), the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “ Series B Preferred Stock Weiting ‘Cathy’ Feng On October 26, 2020, the Company entered into an Employment Agreement with Weiting ‘Cathy’ Feng, the Company’s Chief Operating Officer and Director. Pursuant to the agreement, Ms. Feng is to receive an annual salary of $120,000, plus a superannuation (compulsory payments required pursuant to Australian law, made into a fund by an employee toward a future pension) of 9.5% of Ms. Feng’s salary. Beginning July 1, 2022, the superannuation increased to 10.5% of the salary pursuant to Australian law. As of July 31, 2022 and October 31, 2021, total wage payable to Ms. Feng was $7,000 and $0, respectively, and the superannuation payable was $4,050 and $11,838, respectively. On June 29, 2021, the Company extended the expiration date of options to purchase 1,400,000 shares of common stock previously granted to Weiting Feng, the Company’s Chief Operating Officer, at an exercise price of $0.06 per share, which were to expire on June 30, 2021, until December 31, 2022. On September 18, 2021, Weiting Feng, exercised options to purchase 700,000 shares of common stock in a cashless exercise pursuant to which 83,696 shares were surrendered to the Company to pay for the aggregated exercise price of the options ($577,500) and 616,304 shares were issued. More details of the options are covered in “ NOTE 12 – EQUITY Thomas E. McChesney On April 24, 2020, the Board of Directors appointed Mr. Thomas E. McChesney as a member of the Board of Directors of the Company. Mr. McChesney’s appointment was effective on April 27, 2020. The Board of Directors agreed to compensate Mr. McChesney in the amount of $2,000 per month payable in arears and to grant Mr. McChesney options to purchase 100,000 shares of common stock (at $0.795 per share, expiring April 27, 2025) in connection with his appointment. On September 29, 2021, the Board of Directors agreed to increase the compensation of Mr. McChesney to $3,000 per month, commencing November 1, 2021. On January 28, 2022, Mr. McChesney exercised options to purchase 40,000 shares of common stock in a cashless exercise pursuant to which 4,977 shares were surrendered to the Company to pay for the aggregated exercise price of the options ($31,800) and 35,023 shares were issued. On May 25, 2022, the Compensation Committee agreed to increase the monthly retainer payable to non-executive independent Board members from $3,000 to $5,000 per month effective immediately. During the nine months ended July 31, 2022 and 2021, total consulting fees payable to Mr. McChesney were $31,000 and $12,000, respectively. As of July 31, 2022 and October 31, 2021, the amount payable to Mr. McChesney was $0 and $0, respectively. More details regarding the options are covered in “ NOTE 12 – EQUITY Murray G. Smith On July 27, 2020, the Board of Directors appointed Mr. Murray G. Smith as a member of the Board of Directors of the Company. Mr. Smith’s appointment was effective on August 1, 2020. The Board of Directors agreed to compensate Mr. Smith in the amount of $2,000 per month payable in arears and to grant Mr. Smith options to purchase 100,000 shares of common stock (at $2.67 per share, expiring August 1, 2025) in connection with his appointment. On September 29, 2021, the Board of Directors agreed to increase the compensation of Mr. Smith to $3,000 per month, commencing November 1, 2021. On May 25, 2022, the Compensation Committee agreed to increase the monthly retainer payable to non-executive independent Board members from $3,000 to $5,000 per month, effective immediately. During the nine months ended July 31, 2022 and 2021, total consulting fees payable to Mr. Smith were $31,000 and $12,000, respectively. As of July 31, 2022 and October 31, 2021, the amount payable to Mr. Smith was $0 and $0, respectively. More details regarding the options are covered in “ NOTE 12 – EQUITY Aaron Richard Johnston On August 13, 2020, the Board of Directors agreed to appoint Mr. Aaron Richard Johnston as a member of the Board of Directors of the Company subject to his acceptance. On August 23, 2020, the Company received Mr. Johnston’s acceptance letter. The effective date of appointment was August 23, 2020. The Board of Directors agreed to compensate Mr. Johnston in the amount of $2,000 per month payable in arears and to grant Mr. Johnston options to purchase 100,000 shares of common stock (at $2.67 per share, expiring August 1, 2025) in connection with his appointment. On September 29, 2021, the Board of Directors agreed to increase the compensation of Mr. Johnston to $3,000 per month, commencing November 1, 2021. On May 25, 2022, the Compensation Committee agreed to increase the monthly retainer payable to non-executive independent Board members from $3,000 to $5,000 per month, effective immediately. During the nine months ended July 31, 2022 and 2021, total consulting fees payable to Mr. Johnston were $31,000 and $12,000, respectively. As of July 31, 2022 and October 31, 2021, the amount payable to Mr. Johnston was $0 and $2,000. More details regarding the options are covered in “ NOTE 12 – EQUITY Brett Goodman On May 1, 2020, the Company entered into a consultant agreement with Brett Goodman, the son of the Company’s Chief Executive Officer, where Mr. Brett Goodman agreed to provide consulting services assisting the Company with building a Peer-to-Peer gaming system. The consultant will be paid $3,000 per month. On August 10, 2020, the Company entered into a Stock Purchase Agreement with Mr. Brett Goodman, and Jason Silver, who was then subject to a partnership agreement with Brett Goodman. Mr. Goodman and Mr. Silver had previously engaged a third-party company to develop a Peer-to-Peer betting application and the Company determined it was in the Company’s best interests to assume ownership of the Peer-to-Peer betting application development program, and to engage Mr. Goodman and Mr. Silver for management of the project. Pursuant to the agreement, we agreed to issue each of Mr. Goodman and Mr. Silver 2,000 shares of restricted common stock (4,000 shares in aggregate) (which shares were issued on March 24, 2021), and as a result, a $14,840 expense was recorded during the fiscal year ended January 31, 2021. Additionally, each of Mr. Goodman and Mr. Silver agreed to manage the project. We also agreed to reimburse Mr. Goodman and Mr. Silver for the costs of the project; however, there have been no expenses to date. During the nine months ended July 31, 2022 and 2021, total consulting fees paid to Mr. Brett Goodman were $24,000 and $27,000, respectively. As of July 31, 2022 and October 31, 2021, the amount payable to Mr. Brett Goodman was $0 and $0, respectively. Marla Goodman Marla Goodman is the wife of Anthony Brian Goodman, the Company’s Chief Executive Officer. Marla Goodman owns 50% of Articulate Pty Ltd. (discussed below). Articulate Pty Ltd (a) Back Office Services: On June 30, 2021, a Back Office Services Agreement, between the Company and Articulate Pty Ltd, which is wholly-owned by Anthony Brian Goodman, Chief Executive Officer and Chairman of the Company and his wife Marla Goodman, was cancelled. During the nine months ended July 31, 2022 and 2021, general and administrative expense related to the Back Office Services Agreement was $0 and $66,000, respectively. As of July 31, 2022 and October 31, 2021, the amount payable to Articulate for Back Office Services was $77,019 and $77,019, respectively. (b) License Agreement: On March 1, 2018, the Company entered into a License Agreement with Articulate, in which Articulate received a license from the Company to use the GM2 Asset technology, and agreed to pay the Company a usage fee calculated as a certain percentage of the monthly content and software usage within the GM2 Asset system. During the nine months ended July 31, 2022 and 2021, revenues from Articulate were $661,155 and $1,841,906, respectively. As of July 31, 2022 and October 31, 2021, the amount receivable from Articulate was $659,515 and $1,306,896, respectively. (c) P repaid deposit paid to Skywind Services IOM Ltd (“Skywind”) by Articulate on behalf of Global Technology Pty Ltd (“GTG”): Articulate had a prepaid deposit in favor of Skywind in the amount of $43,569 (35,928 EUR) as of February 18, 2021. Articulate allowed GTG to utilize the prepaid deposits in order that GTG would be able to operate and utilize certain Progressive Jackpot games of Skywind. On February 18, 2021, the Company recorded an accounts payable of $43,569 to Articulate. On July 29, 2021, the Company paid the equivalent of $42,464 to Articulate to settle the accounts payable based on the exchange rate on the same date. Mr. Omar Jimenez On April 22, 2021, the Company entered into a Consulting Agreement with Omar Jimenez, who was appointed as Chief Financial Officer/Chief Compliance Officer on the same date. The Consulting Agreement provides for Mr. Jimenez to be paid $12,500 per month (which may be increased from time to time with the mutual consent of Mr. Jimenez and the Company and which salary was increased to $25,000 per month on January 26, 2022, effective January 1, 2022), to be granted options to purchase 50,000 shares of common stock (at $9.910 per share, expiring April 23, 2023), granted under the Company’s 2018 Equity Compensation Plan, of which options to purchase 25,000 shares vested on April 22, 2021, and options to purchase 25,000 shares vested on October 22, 2021. Mr. Jimenez may also receive discretionary bonuses from time to time in the discretion of the Board of Directors in cash, stock or options. During the nine months ended July 31, 2022 and 2021, total consulting fees paid to Mr. Jimenez were $200,000 and $41,250, respectively. As of July 31, 2022 and October 31, 2021, the amount payable to Mr. Jimenez was $0 and $0, respectively. More details regarding the options are covered in “ NOTE 12 – EQUITY

Equity

Equity	9 Months Ended
	Jul. 31, 2022
Equity
Equity	Note 12 - Equity Preferred Stock The Company has 20,000,000 shares of $0.00001 par value preferred stock authorized. Effective March 10, 2022, Luxor, the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “Series B Preferred Stock”), which entity is wholly-owned by the Company’s Chief Executive Officer and Chairman, Anthony Brian Goodman, transferred all 1,000 shares of Series B Preferred Stock which it held to Mr. Goodman for no consideration. On March 11, 2022, the Company’s Board of Directors and Mr. Goodman, as the then sole shareholder of the Company’s Series B Preferred Stock (pursuant to a written consent to action without meeting of the sole Series B Preferred Stock shareholder), approved the adoption of, and filing of, an Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designation, Preferences, Limitations and Relative Rights of its Series B Voting Preferred Stock (the “ Amended and Restated Designation The Amended and Restated Designation, which was filed with, and became effective with, the Secretary of State of Nevada on March 11, 2022, amended the Certificate of Designation of the Series B Preferred Stock, previously filed by the Corporation with the Secretary of State of Nevada on August 18, 2015, to, among other things: (a) include the right of the holder of the Series B Preferred Stock to convert each share of the Series B Preferred Stock into 1,000 shares of the Company’s common stock at the holder’s option from time to time after May 20, 2022; (b) provide for the automatic conversion of all outstanding shares of Series B Preferred Stock into common stock of the Company, on a 1,000 for 1 basis, on the date that the aggregate beneficial ownership of the Company’s common stock, calculated without regard to any shares of common stock issuable upon conversion of the Series B Preferred Stock, nor any voting rights associated with such Series B Preferred Stock, of Mr. Goodman, falls below 10% of the Company’s common stock then outstanding, or the first business day thereafter that the Company becomes aware of such; (c) provide that each share of Series B Preferred Stock entitles the holder to 7,500 votes on all matters presented to the Company’s shareholders for a vote of shareholders, whether such vote is taken in person at a meeting or via a written consent (7,500,000 votes in aggregate for all outstanding shares of Series B Preferred Stock); (d) require the consent of the holders of at least a majority of the issued and outstanding shares of Series B Preferred Stock to (i) amend any provision of the Amended and Restated Designation, (ii) increase or decrease (other than by redemption or conversion) the total number of authorized shares of Series B Preferred Stock, (iii) adopt or authorize any new designation of any preferred stock or amend the Articles of Incorporation of the Company in a manner which adversely affects the rights, preferences and privileges of the Series B Preferred Stock, (iv) effect an exchange, or create a right of exchange, cancel, or create a right to cancel, of all or any part of the shares of another class of shares into shares of Series B Preferred Stock, (v) issue any additional shares of Series B Preferred Stock, or (vi) alter or change the rights, preferences or privileges of the shares of Series B Preferred Stock so as to affect adversely the shares of Series B Preferred Stock; (e) provide that the shares of Series B Preferred Stock are not transferrable by Mr. Goodman; and (f) clarify that the Series B Preferred stock is not entitled to any dividend rights, preemptive rights, redemption rights, or liquidation preference. As of July 31, 2022 and October 31, 2021, 1,000 Series B preferred shares of par value $0.00001 were designated and outstanding and 19,999,000 shares of preferred stock remained undesignated. Common Stock (a) Reverse Stock Split On April 27, 2020, we filed a Certificate of Change Pursuant to NRS 78.209 with the Nevada Secretary of State pursuant to which we affected a reverse stock split of our authorized and issued and outstanding common stock in a ratio of 1-for-150. As a result of such filing, our authorized shares of common stock decreased from 6 billion to 40 million and our issued and outstanding shares of common stock decreased in a ratio of 1-for-150. All fractional shares of common stock remaining after the reverse split were rounded up to the nearest whole share. Pursuant to Section 78.207(1) of the Nevada Revised Statutes (“ NRS (b) Stock Purchase Agreement On August 10, 2020, the Company entered into a Stock Purchase Agreement with Brett Goodman, the son of the Company’s Chief Executive Officer, and Jason Silver (collectively, the “Partnership”). The Company agreed to issue 4,000 shares to the Partnership (2,000 to each of Brett Goodman and Jason Silver) as compensation for their service provided to assist the Company in developing a betting application. As a result, a $14,840 expense was recognized during the fiscal year ended January 31, 2021. The shares were issued on March 24, 2021. (c) August 2020 Private Placement and Subsequent Warrant Exercise From August 14, 2020 to August 20, 2020, the Company offered for purchase to a limited number of accredited and offshore investors up to an aggregate of 900,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock for $3.40 per unit. The warrants have an exercise price of $4.10 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) August 20, 2022, and (b) the 30th day after the Company provides the holder of the warrants notice that the closing sales price of the Company’s common stock has closed at or above $6.80 per share for a period of ten consecutive trading days. The Company sold 527,029 Units in total to 11 investors, raising cash of $1,791,863. The shares included in the Units purchased have been issued. From November 23, 2020, to December 7, 2020 (ten consecutive trading days), the closing sales price of the Company’s common stock closed at or above $6.80 per share, and on December 8, 2020, the Company provided notice to the holders of the Warrants that they had until January 7, 2021 to exercise such Warrants, or such Warrants would expire pursuant to their terms. From December 9, 2020, to January 7, 2021, ten holders of Warrants to purchase an aggregate of 409,029 shares of the Company’s common stock exercised such Warrants and paid an aggregate exercise price of $1,677,019 to the Company. In connection with such exercises the Company issued such Warrant holders an aggregate of 409,029 shares of restricted common stock. The remaining warrants expired unexercised. (d) January 2021 Private Placement and Subsequent Warrant Exercise and Warrant Amendment On January 20, 2021, the Company sold an aggregate of 1,000,000 units to one investor, with each unit consisting of one share of restricted common stock and one warrant to purchase one share of common stock, at a price of $5.00 per unit. The Warrants have an exercise price of $6.00 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) January 14, 2023, and (b) the 30th day after the Company provides the holder of the Warrants notice that the closing sales price of the Company’s common stock has closed at or above $10.00 per share for a period of ten consecutive trading days. The shares included in the Units purchased have been issued. From April 26, 2021, to May 7, 2021 (ten consecutive trading days), the closing sales price of the Company’s common stock closed at or above $10.00 per share. On May 11, 2021, the Company agreed to provide the holder 61 days from the Triggering Date to exercise the warrants, and as a result the holder had until July 11, 2021 to exercise such Warrants. On July 9, 2021, the holder exercised a portion of the warrants to purchase 170,000 shares of the Company’s common stock at $6.00 per share and on July 14, 2021, the holder paid to the Company $1,020,000 (less $18 in bank charges). The Company issued the holder 170,000 shares of common stock in connection with such exercise. On July 14, 2021, and effective on June 6, 2021, the Company and the holder of the remaining 830,000 warrants (the original 1,000,000 shares less the 170,000 warrants exercised on July 9, 2021) entered into an Agreement to Amend and Restate Common Stock Purchase Warrant, whereby, in consideration for the holder exercising warrants to purchase 170,000 shares of common stock (as described above), the parties agreed to enter into an Amended and Restated Common Stock Purchase Warrant, effective as of June 6, 2021, amending, restating and replacing the prior Warrant Agreement, and evidencing the right of the holder to purchase 830,000 shares of common stock of the Company to remove the trigger event (i.e. ten consecutive trading days when the closing sales price of the Company’s common stock closed at or above $10.00 per share) and to fix the expiration date thereof as of November 11, 2022. The other terms of the prior Warrant Agreement were not changed. (e) Business Consultant Agreements On March 1, 2021, the Company entered into two Business Consultant Agreements with Ontario Inc. and ANS Advisory. Pursuant to the agreements, Vladislav Slava Aizenshtat, acting on behalf of Ontario Inc. and Aaron Neill-Stevens, acting on behalf of ANS Advisory will each be issued $3,000 of shares of common stock per month beginning on March 1, 2021, payable in arrears, based on the 7-day average price of the stock leading up to the end of the calendar month and to be issued within 7 days of month end. The Company also agreed to grant Vladislav Slava Aizenshtat, acting on behalf of Ontario Inc., warrants to purchase 120,000 shares of common stock and Aaron Neill-Stevens, acting on behalf of ANS Advisory, warrants to purchase 120,000 shares of common stock. On March 22, 2021, the warrants were granted. The warrants have an exercise price of $5.50 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) March 22, 2023, and (b) the 20th day after the Company provides the holder of the warrants notice that the closing sales price of the Company’s common stock has closed at or above $11.00 per share for a period of ten consecutive trading days. On November 23, 2021, the two previously mentioned Business Consulting Agreements were terminated. During the nine months ended July 31, 2022, a former consultant’s widow, two consultants and one director exercised options. As a result, 147,118 shares of common stock were issued upon the cashless exercise of the options, and 66,666 shares of common stock were issued upon the cash exercise of the options, pursuant to which $32,000 aggregate exercise price of the options was paid to the Company. During the nine months ended July 31, 2021, fourteen consultants exercised their options. As a result, 1,238,827 shares of common stock were issued upon the cashless exercise of the options and 200,000 shares of common stock were issued upon the cash exercise of the options, pursuant to which the $12,010 aggregate exercise price of the options was paid to the Company. During the nine months ended July 31, 2022, 808 shares of restricted common stock, with a value of $6,000, were issued to two consultants for IT consultation services provided in connection with the maintenance and development of the Company’s GM-Ag system. During the nine months ended July 31, 2021, 8,608 shares of restricted common stock, with a value of $48,840, were issued for services provided in connection with investor relations services, development of peer-to-peer betting application and maintenance and development of GM-Ag system. (f) Certificate of Amendment On November 23, 2021, Luxor Capital LLC, which entity is beneficially owned and controlled by Anthony Brian Goodman, the President, Chief Executive Officer and Chairman of the Board of Directors of the Company, which beneficially owned an aggregate of 109,121,634,483 total voting shares, representing approximately 99.982% of the Company’s then voting stock as of such date, including (a) 7,470,483 shares of common stock, representing 27.4% of the Company’s outstanding shares of common stock, and (b) 1,000 shares of the Company’s Series B Voting Preferred Voting Stock, representing 100% of the Company’s issued and outstanding Series B Voting Preferred Voting Stock, which Series B Voting Preferred Voting Stock shares each vote four times the number of shares of the Company’s common stock outstanding (27,278,541 shares), executed a written consent in lieu of a special meeting of shareholders, approving the following matter, which had previously been approved by the Board of Directors of the Company on November 22, 2021: the filing of a Certificate of Amendment to the Company’s Articles of Incorporation to increase the Company’s authorized number of shares of Common Stock from forty million (40,000,000) shares to two hundred and fifty million (250,000,000) shares and to restate Article 3, Capital Stock thereof, to reflect such amendment, and clarify the Board of Director’s ability to designate and issue ‘blank check’ preferred stock (the “ Amendment As of July 31, 2022 and October 31, 2021, 250,000,000 and 40,000,000 shares of common stock, par value $0.00001 per share, were authorized, of which 28,182,575 and 27,231,401 shares were issued and outstanding, respectively. (g) Share consideration issued to acquire RKings On November 29, 2021, the Company entered into a Sale and Purchase Agreement of Ordinary Issued Share Capital to purchase 80% of the outstanding capital stock of RKings. Pursuant to the Purchase Agreement, on November 29, 2021, the Company issued 666,250 restricted shares of the Company’s common stock to the sellers, with an agreed value of GBP £4,000,000 (USD $5,330,000), or $8.00 per share of Company common stock. On March 7, 2022, the Company issued 70,332 restricted shares of the Company’s common stock to the sellers, equal to 80% of RKings’ net asset value as of October 31, 2021, in the amount of $562,650. Option Extension On June 29, 2021, the Company agreed to extend the exercise period of certain stock options granted to Anthony Brian Goodman, the Company’s Chief Executive Officer, Weiting Feng, the Company’s Chief Operating Officer, and an external consultant of the Company (collectively the “ Optionees Stock Option Plan On January 3, 2018, the Company adopted a stock option plan: the 2018 Equity Incentive Plan. The fair value of stock options was measured using the Black-Scholes option pricing model. The Black-Scholes valuation model takes into consideration the share price of the Company, the exercise price of the option, the amount of time before the option expires, and the volatility of share price. Compensation expense will be charged to operations through the vesting period. The amount of cost will be calculated based on the new accounting standard ASU 2018-07. All option awards described below were granted under the 2018 Equity Incentive Plan. All shares and prices per share have been adjusted for a 1 share-for-150 shares reverse stock split that took effect on June 26, 2020: During the nine months ended July 31, 2022, 50,000 options to purchase shares were granted, 66,666 options expired, and none forfeited. During the nine months ended July 31, 2022, 223,332 options to purchase shares of common stock were exercised. The total compensation cost related to stock options granted was $437,068 and $1,366,288 for the nine months ended July 31, 2022 and 2021, respectively. The following table represents stock option activity for the nine months ended July 31, 2022: Options Number Outstanding Weighted Average Exercise Price Options Outstanding as of October 31, 2021 8,616,664 $ 0.45 Options granted 50,000 $ 4.22 Options forfeited - $ - Options expired (66,666 ) $ 0.12 Options exercised (223,332 ) $ 0.44 Options Outstanding as of July 31, 2022 8,376,666 $ 0.48 Options Exercisable as of July 31, 2022 8,049,999 $ 0.31 Public Offering On October 25, 2021, the Company entered into a Securities Purchase Agreement (the “ Purchase Agreement Purchasers Offering Shares Warrants The Company used the net proceeds from the offering for general corporate purposes and working capital. EF Hutton, division of Benchmark Investments, LLC acted as placement agent (the “ Placement Agent reasonable best efforts Placement Agency Agreement

SEGMENT REPORTING AND GEOGRAPHI

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	9 Months Ended
	Jul. 31, 2022
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	NOTE 13 – SEGMENT REPORTING AND GEOGRAPHIC INFORMATION We operate our business in two operating segments i.e., B2B for charges for usage of the Company’s software, and royalties charged on the use of third-party gaming content, and the B2C segment which is related to the charges to enter prize competitions in the UK. All operating segments have been aggregated due to their inter-dependencies, commonality of long-term economic characteristics, products and services, the production processes, class of customer, and distribution processes. For geographical revenue reporting, revenues are attributed to the geographic location in which the distributors are located. Long-lived assets consist of property, plant and equipment, net, intangible assets, operating lease right-of-use assets, and goodwill, and are attributed to the geographic region in which they are located. The following is a summary of revenues by geographic region, for the indicated periods (as a percentage of total revenues): For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 Revenues: Asia Pacific $ 4,256,372 47 % $ 3,251,354 100 % $ 11,002,837 42 % $ 7,842,271 100 % UK 4,845,169 53 % - - 15,458,552 58 % - - Total $ 9,101,541 100 % $ 3,251,354 100 % $ 26,461,389 100 % $ 7,842,271 100 % The following is a summary of revenues by products for the indicated periods (as a percentage of total revenues): For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 Revenues: B2B $ 4,256,372 47 % $ 3,251,354 100 % $ 11,002,837 42 % $ 7,842,271 100 % B2C 4,845,169 53 % - - 15,458,552 58 % - - Total $ 9,101,541 100 % $ 3,251,354 100 % $ 26,461,389 100 % $ 7,842,271 100 % The following is a summary of cost of goods sold (COGS) by geographic region, for the indicated periods (as a percentage of total cost of goods sold): For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 COGS: B2B $ 3,059,856 46 % $ 2,043,593 100 % $ 8,063,306 42 % $ 4,491,520 100 % B2C 3,560,661 54 % - - 11,352,394 58 % - - Total $ 6,620,517 100 % $ 2,043,593 100 % $ 19,415,700 100 % $ 4,491,520 100 % The following is a summary of cost of goods sold by products for the indicated periods (as a percentage of total cost of goods sold): For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 COGS: Asia Pacific $ 3,059,856 46 % $ 2,043,593 100 % $ 8,063,306 42 % $ 4,491,520 100 % UK 3,560,661 54 % - - 11,352,394 58 % - - Total $ 6,620,517 100 % $ 2,043,593 100 % $ 19,415,700 100 % $ 4,491,520 100 % Long-lived assets by geographic region as of the dates indicated below were as follows: As of As of Description July 31, 2022 October 31, 2021 Long-lived assets: Asia Pacific $ 273,740 $ 415,446 UK 13,201,786 - Total $ 13,475,526 $ 415,446

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2022
Income Taxes
Income Taxes	Note 14 - Income Taxes For the nine months ended July 31, 2022, the Company had income tax expense in the amount of $326,135 attributable to its operations of RKings in the United Kingdom. The Company, through RKings, conducts a significant amount of its businesses in the United Kingdom and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the local tax authority. Although the operations in its segments outside of the United Kingdom generate net income, the Company has sufficient tax net operating losses to offset the current net income which results in $0 tax liability for the non-United Kingdom operations. The Company, through RKings, is subject to a statutory tax rate of approximately 19% of net income generated in the United Kingdom. As a result of the acquisition of RKings, the Company assumed the income tax liability of RKings as of November 1, 2021 of $602,628. Balance November 1, 2021 $ 602,628 Income Tax November 1, 2021 through July 31, 2022 326,135 Tax paid (565,417 ) Currency Adjustment (119,357 ) Income Tax Liability $ 243,989 As of July 31, 2022 and October 31, 2021, the Company had income tax payable of $243,989 and $0.

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2022
Subsequent Events
Subsequent Events	Note 15 – Subsequent Events On August 1, 2022, and effective on August 4, 2022, we entered into a Settlement and Mutual Release Agreement (the “ Settlement Agreement Settlement Payment Pursuant to the Employment Agreement, Mr. Weir agreed to provide employment services to RKings, as business manager thereof, for a salary of £130,000 ($158,344) per year, subject to increases and discretionary bonuses which may from time to time be approved by RKings’ board of directors. The Employment Agreement includes a non-compete provision which applies for five years after the end of the term of the agreement, prohibiting Mr. Weir from competing against RKings in or around the UK and Ireland, a customary non-solicitation prohibition, which also applies for five years after the end of the term of the Agreement, and customary confidentiality obligations and work for hire language. The Employment Agreement continues in effect until terminated as provided in the agreement.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jul. 31, 2022
SUMMARY OF ACCOUNTING POLICIES (Policies)
Organization and Operation	Golden Matrix Group, Inc. (together with its consolidated subsidiaries, collectively, “ Golden Matrix GMGI we our us Company SaaS The Company has historically operated in the business-to-business (“ B2B B2C In the B2B segment, the Company has developed a proprietary Internet gaming enterprise software system that provides for unique casino and live game operations on the platforms that include GM-X System (“ GM-X RMiG SIM In the B2C segment, the Company has improved functionality and responsiveness of the RKingsCompetitions.com website and expanded its marketing efforts from Northern Ireland to encompass the UK as its customer reach. On April 27, 2020, we filed a Certificate of Change Pursuant to NRS 78.209 with the Nevada Secretary of State pursuant to which we affected a reverse stock split of our authorized and issued and outstanding common stock in a ratio of 1-for-150. As a result of such filing, our authorized shares of common stock decreased from 6 billion to 40 million and our issued and outstanding shares of common stock decreased in a ratio of 1-for-150. All fractional shares of common stock remaining after the reverse split were rounded up to the nearest whole share. Pursuant to Section 78.207(1) of the Nevada Revised Statutes (“ NRS On May 12, 2020, the Board of Directors of the Company approved a change in the Company’s fiscal year from July 31 to January 31, effective as of the same date. On January 19, 2021, the Company acquired 100% ownership of Global Technology Group Pty Ltd (GTG), an Australian Company. GTG has an Alderney Gambling Control Commission (“ AGCC The Company is required to have a recognized business-to-business (B2B) gaming license in order to acquire certain gaming content. Currently the Company is not required to have a gaming license for the licensing of its GM-X System or the resale of third-party content to operators in the jurisdictions in which it currently conducts business, however as the Company expands its global distribution licensing, regulatory requirements will be required. On October 29, 2021, the Board of Directors approved a change in the Company’s fiscal year from January 31 to October 31, effective as of the same date. On November 22, 2021, the Board of Directors of the Company approved the filing of a Certificate of Amendment to the Company’s Articles of Incorporation to increase the Company’s authorized number of shares of Common Stock from forty million (40,000,000) shares to two hundred and fifty million (250,000,000) shares and to restate Article 3, Capital Stock thereof, to reflect such amendment, and clarify the Board of Director’s ability to designate and issue ‘blank check’ preferred stock. The Amendment was filed with the Secretary of State of Nevada and became effective on December 16, 2021. On November 29, 2021, the Company entered into a Sale and Purchase Agreement of Ordinary Issued Share Capital (the “ Purchase Agreement RKings Effective March 10, 2022, Luxor Capital LLC (“ Luxor Series B Preferred Stock On March 11, 2022, the Company’s Board of Directors and Mr. Goodman, as the then sole shareholder of the Company’s Series B Preferred Stock (pursuant to a written consent to action without meeting of the sole Series B Preferred Stock shareholder), approved the adoption of, and filing of, an Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designation, Preferences, Limitations and Relative Rights of its Series B Voting Preferred Stock (the terms of which are discussed in greater detail under “ NOTE 12 – EQUITY 2022 Equity Incentive Plan On May 5, 2022, the Company’s Board of Directors and majority stockholders approved the adoption of the Company’s 2022 Equity Incentive Plan (the “ 2022 Plan Subject to adjustment in connection with the payment of a stock dividend, a stock split or subdivision or combination of the shares of common stock, or a reorganization or reclassification of the Company’s common stock, the aggregate number of shares of common stock which may be issued pursuant to awards under the 2022 Plan is the sum of (i) 5,000,000 shares, and (ii) an annual increase on May 1st of each calendar year, beginning in 2023 and ending in 2032, in each case subject to the approval of the Board of Directors or the compensation committee of the Company (if any) on or prior to the applicable date, equal to the lesser of (A) ten percent (10%) of the total shares of common stock of the Company outstanding on the last day of the immediately preceding fiscal year; (B) 1,000,000 shares of common stock; and (C) such smaller number of shares as determined by the Board of Directors or compensation committee of the Company (the “ Share Limit
Interim Financial Statements	These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“ US GAAP SEC The results of operations for the nine months ended July 31, 2022, are not necessarily indicative of the results to be expected for the full fiscal year ending October 31, 2022.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Global Technology Group Pty Ltd. and its 80% ownership interest in RKingsCompetitions Ltd. All intercompany transactions and balances have been eliminated.
Business Combination - Common Control Asset Acquisition of Global Technology Group Pty Ltd	A common-control transaction is a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. As disclosed in “NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES — Organization and Operations”, on January 19, 2021, the Company acquired 100% ownership of GTG, then wholly-owned by Mr. Anthony Brian Goodman. Mr. Goodman is also a controlling party of the Company via his stock holding in Luxor Capital, LLC, which has a controlling vote of greater than 50% of the Company. As such, the acquisition of GTG was a common control acquisition. The accounting and reporting for a transaction between entities under common control is addressed in the “ Transactions Between Entities Under Common Control
Business Combination - Acquisition of 80% of RKingsCompetitions Ltd	The Company accounts for business combinations using the acquisition method of accounting in accordance with FASB ASC 805, “ Business Combinations
Use of Estimates	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation, accrued expenses and collectability of accounts receivable. The Company evaluates its estimates on an on-going basis and bases its estimates on historical experience and on various other assumptions the Company believes to be reasonable. Due to inherent uncertainties, actual results could differ from those estimates.
Cash and Cash Equivalent	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company currently has no cash equivalents at July 31, 2022 and October 31, 2021.
Allowance for Doubtful Accounts	The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on known troubled accounts, historical experience, and other currently available evidence. As of July 31, 2022 and October 31, 2021, the allowance for doubtful accounts was $0 and $168,557, respectively. During the nine months ended July 31, 2022, a $168,557 allowance for doubtful debts was written off and there was no bad debt expense recorded. The corresponding accounts receivable balance was also written off.
Website Development Costs	The Company accounts for website development costs in accordance with ASC 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day-to-day operation of the website are expensed as incurred. All costs associated with the websites are subject to straight-line amortization over a three-year period. During the nine months ended July 31, 2022, $79,247 in development costs, or related costs were incurred and capitalized.
Software Development Costs	The Company capitalizes internal software development costs subsequent to establishing technological feasibility of a software application in accordance with guidelines established by “ ASC 985-20-25
Inventories, Prizes	RKings purchases prizes to award to winners of prize competitions; these prizes are RKings’ inventory. Operations that include prizes are only through RKings. Inventory is stated at the lower of cost or net realizable value, using the first-in, first out (“ FIFO
Property, Plant and Equipment	Plant and machinery, fixtures, fittings, and equipment are recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed pursuant to the straight-line method over the useful life of four years. The depreciable life of leasehold improvements is limited by the expected lease term. Property, plant and equipment were $81,783 and $0 at July 31, 2022 and October 31, 2021, respectively.
Impairment of Intangible Assets	In accordance with ASC 350-30-65 “ Goodwill and Other Intangible Assets 1. Significant underperformance compared to historical or projected future operating results; 2. Significant changes in the manner or use of the acquired assets or the strategy for the overall business; and 3. Significant negative industry or economic trends When the Company determines that the carrying value of an intangible asset may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent to the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. Intangible assets that have finite useful lives are amortized over their useful lives. The Company incurred amortization expense of $285,815 and $24,131 during the nine months ended July 31, 2022 and 2021, respectively.
Revenue Recognition	The Company currently has three distinctive revenue streams. In the B2B segment there are two revenue streams (i) charges for usage of the Company’s software, and (ii) a royalty charged on the use of third-party gaming content. In the B2C segment, the revenue stream is related to the prize competition tickets sold to enter prize competitions in the UK through RKings. B2B segment, revenue descriptions: 1. For the usage of the Company’s software, the Company charges gaming operators for the use of its unique intellectual property (IP) and technology systems. 2. For the royalty charged on the use of third-party gaming content, the Company acquires the third-party gaming content for a fixed cost and resells the content at a margin. B2C segment, revenue descriptions: The Company generates revenues through RKings from sales of prize competitions tickets directly to customers for prizes throughout the United Kingdom ranging from automobiles to jewelry, as well as travel and entertainment experiences. Pursuant to FASB Topic 606, Revenue Recognition, our company recognizes revenues by applying the following steps: Step 1: Identify the contract with a customer. Step 2: Identify the separate performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the separate performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. For the usage of the Company’s software, the Company provides services to the counterparty which include licensing the use of its unique IP and technology systems. The counterparty pays consideration in exchange for those services which include a variable amount depending on the Software Usage. The Company only recognizes the revenue at the month end when the usage occurs, and the revenue is based on the actual Software Usage of its customers. For the royalty charged on the use of third-party gaming content, the Company acts as a distributor of the third-party gaming content which is utilized by the client. The counterparty pays consideration in exchange for the gaming content utilized. The Company only recognizes the revenue at the month end when the usage of the gaming content occurs, and the revenue is based on the actual usage of the gaming content. For the prize competitions ticket sales, revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration RKings expects to be entitled to in exchange for those goods or services. Payments for prize competitions received in advance of services being rendered are recorded as deferred revenue and recognized as revenue when control of the prize has been transferred to the winner of prize competitions.
Earnings Per Common Share	Basic net earnings per share of common stock is computed by dividing net earnings available to common shareholders by the weighted-average number of common stock shares (Common Shares) outstanding during the period. Diluted net earnings per Common Share are determined using the weighted-average number of Common Shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method. The following table sets forth the calculation of basic and diluted net earnings per share for the periods ended July 31, 2022 and 2021. All shares and per share amounts have been adjusted for the 1-for-150 reverse stock split which took effect in the marketplace on June 26, 2020: For the three months ended For the nine months ended July 31, July 31, 2022 2021 2022 2021 Basic earnings per common share Numerator: Net income available to common shareholders $ 628,332 $ 484,613 $ 1,564,695 $ 664,757 Denominator: Weighted average common shares outstanding 28,149,967 23,404,205 27,994,628 22,615,734 Basic earnings per common share $ 0.02 $ 0.02 $ 0.06 $ 0.03 Diluted earnings per common share Numerator: Net income available to common shareholders $ 628,332 $ 484,613 $ 1,564,695 $ 664,757 Denominator: Weighted average common shares outstanding 28,149,967 23,404,205 27,994,628 22,615,734 Preferred shares 793,478 1,000 267,399 1,000 Warrants/Options 7,614,707 11,336,768 7,614,707 11,228,241 Adjusted weighted average common shares outstanding 36,558,152 34,741,973 35,876,734 33,844,975 Diluted earnings per common share $ 0.02 $ 0.01 $ 0.04 $ 0.02
Income Taxes	The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “ more likely-than-not
Foreign Currency Translation and Transactions	The functional currency of our foreign operations is generally the local currency. For these foreign entities, we translate their financial statements into U.S. dollars using average exchange rates for the period for income statement amounts and using end-of-period exchange rates for assets and liabilities. We record these translation adjustments in Accumulated other comprehensive income (loss), a separate component of Equity, in our consolidated balance sheets. We record exchange gains and losses resulting from the conversion of transaction currency to functional currency as a component of other income (expense).
Fair Value of Financial Instruments	The Company has adopted the provisions of ASC Topic 820, “ Fair Value Measurements The hierarchy consists of three levels: · Level 1 - Quoted prices in active markets for identical assets or liabilities. · Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets of liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company uses Level 3 inputs for its valuation methodology for the warrant derivative liabilities and embedded conversion option liabilities. Financial instruments consist principally of cash, accounts receivable, prepaid expenses, intangible assets, accounts payable, accrued liabilities, and customer deposits. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.
Stock-Based Compensation	The Stock-based compensation expense is recorded as a result of stock options granted in return for services rendered. For the comparative periods, the share-based payment arrangements with employees were accounted for under FASB Accounting Standards Codification (ASC) 718, while nonemployee share-based payments issued for goods and services are accounted for under ASC 505-50. ASC 505-50 and Accounting Standards Update (ASU) 2018-07. The expenses related to the share-based compensation are recognized on each reporting date. The amount is calculated as the difference between total expenses incurred and the total expenses already recognized. The stock-based compensation of options issued to consultants was recognized as a component of cost of goods sold since the stock-based compensation is the direct labor cost associated with running the Company’s GM2 Asset system.
Recently Issued Accounting Pronouncements	The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.
Impact of COVID-19 Pandemic on Consolidated Financial Statements.	The outbreak of the 2019 novel coronavirus disease (“ COVID-19

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Tables)	9 Months Ended
	Jul. 31, 2022
SUMMARY OF ACCOUNTING POLICIES (Policies)
Schedule of earnings per common share	For the three months ended For the nine months ended July 31, July 31, 2022 2021 2022 2021 Basic earnings per common share Numerator: Net income available to common shareholders $ 628,332 $ 484,613 $ 1,564,695 $ 664,757 Denominator: Weighted average common shares outstanding 28,149,967 23,404,205 27,994,628 22,615,734 Basic earnings per common share $ 0.02 $ 0.02 $ 0.06 $ 0.03 Diluted earnings per common share Numerator: Net income available to common shareholders $ 628,332 $ 484,613 $ 1,564,695 $ 664,757 Denominator: Weighted average common shares outstanding 28,149,967 23,404,205 27,994,628 22,615,734 Preferred shares 793,478 1,000 267,399 1,000 Warrants/Options 7,614,707 11,336,768 7,614,707 11,228,241 Adjusted weighted average common shares outstanding 36,558,152 34,741,973 35,876,734 33,844,975 Diluted earnings per common share $ 0.02 $ 0.01 $ 0.04 $ 0.02

PREPAID EXPENSES (Tables)

PREPAID EXPENSES (Tables)	9 Months Ended
	Jul. 31, 2022
PREPAID EXPENSES (Tables)
Schedule of Prepaid expenses	As of July 31, As of October 31, 2022 2021 Prepayments to suppliers $ 71,508 $ 104,336 Advance payment for the Mexican gaming permit application 100,000 - Prepayment for the gaming license fee 25,832 10,090 Prepaid payroll expense 5,439 - Total prepaid expenses $ 202,779 $ 114,426

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
	Jul. 31, 2022
Schedule of Purchase Price Allocation	Calculation of Purchase Price and Preliminary Estimated Purchase Price Allocation Purchase price buildup Amount Closing cash consideration of GBP £3,000,000 based on Exchange Rate on November 1, 2020 $ 4,099,500 Fair value of contingent cash consideration of GBP £1,000,000 to be paid in six months based on Exchange Rate on November 1, 2020 1,366,500 Fair value of 666,250 restricted shares at $8 per share 5,330,000 Fair value of contingent shares consideration 562,650 Purchase price $ 11,358,650 Fair value of non-controlling interest 2,705,000 Equity value $ 14,063,650 Add: Current liabilities 960,753 Total equity and liabilities $ 15,024,403 Allocation to assets Cash and cash equivalents $ 758,047 Inventory, prizes 906,018 Property, Plant & Equipment, net 27,613 Total tangible assets 1,691,678 Intangible assets Website development costs, net $ 13,901 Trade Names and Trademarks 2,000,000 Non‐Compete Agreements 600,000 Total intangible assets 2,613,901 Goodwill 10,718,824 Total assets allocated $ 15,024,403
Schedule of unaudited pro-forma consolidated results of operations	Three Months Ended Nine Months Ended July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 Pro-forma total revenues $ 9,101,541 $ 10,201,863 $ 26,461,389 $ 36,339,185 Pro-forma net income attributable to GMGI $ 628,332 $ 1,080,034 $ 1,564,695 $ 2,192,686
Share Purchase Agreement [Member]
Schedule of assets acquired and liabilities	Purchase Price: 85,000 GBP based on the exchange rate on January 19, 2021 $ 115,314 Assets acquired and liabilities assumed Cash 192 Prepayments – Gaming License 61,513 Advance from shareholders (100 ) $ 61,605 Reduction in Additional Paid in Capital in GMGI 53,709 Consideration payable – related party $ 115,314

INTANGIBLE ASSETS - SOFTWARE _2

INTANGIBLE ASSETS - SOFTWARE PLATFORM, WEBSITE DEVELOPMENT COSTS, TRADEMARKS AND NON-COMPETE AGREEMENTS (Tables)	9 Months Ended
	Jul. 31, 2022
INTANGIBLE ASSETS - SOFTWARE PLATFORM, WEBSITE DEVELOPMENT COSTS, TRADEMARKS AND NON-COMPETE AGREEMENTS (Tables)
Schedule of Intangible Assets	As of July 31, 2022 October 31, 2021 Definite-lived intangible assets Aggregation Platform $ 116,000 $ 174,000 Website Development Cost 94,885 - Trademarks 2,000,000 - Non-compete Agreements 600,000 - Gross definite-lived intangible assets 2,810,885 174,000 Less: accumulated amortization Aggregation Platform (64,932 ) (38,737 ) Website Development Cost (19,948 ) - Trademarks (150,000 ) - Non-compete Agreements (90,000 ) - Total accumulated amortization (324,880 ) (38,737 ) Net definite-lived intangible assets $ 2,486,005 $ 135,263

Equity (Tables)

Equity (Tables)	9 Months Ended
	Jul. 31, 2022
Equity
Schedule of stock option plan activity	Options Number Outstanding Weighted Average Exercise Price Options Outstanding as of October 31, 2021 8,616,664 $ 0.45 Options granted 50,000 $ 4.22 Options forfeited - $ - Options expired (66,666 ) $ 0.12 Options exercised (223,332 ) $ 0.44 Options Outstanding as of July 31, 2022 8,376,666 $ 0.48 Options Exercisable as of July 31, 2022 8,049,999 $ 0.31

SEGMENT REPORTING AND GEOGRAP_2

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)	9 Months Ended
	Jul. 31, 2022
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
Schedule of segment reporting information	For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 Revenues: Asia Pacific $ 4,256,372 47 % $ 3,251,354 100 % $ 11,002,837 42 % $ 7,842,271 100 % UK 4,845,169 53 % - - 15,458,552 58 % - - Total $ 9,101,541 100 % $ 3,251,354 100 % $ 26,461,389 100 % $ 7,842,271 100 % For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 Revenues: B2B $ 4,256,372 47 % $ 3,251,354 100 % $ 11,002,837 42 % $ 7,842,271 100 % B2C 4,845,169 53 % - - 15,458,552 58 % - - Total $ 9,101,541 100 % $ 3,251,354 100 % $ 26,461,389 100 % $ 7,842,271 100 % For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 COGS: B2B $ 3,059,856 46 % $ 2,043,593 100 % $ 8,063,306 42 % $ 4,491,520 100 % B2C 3,560,661 54 % - - 11,352,394 58 % - - Total $ 6,620,517 100 % $ 2,043,593 100 % $ 19,415,700 100 % $ 4,491,520 100 % For the three months ended For the nine months ended Description July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 COGS: Asia Pacific $ 3,059,856 46 % $ 2,043,593 100 % $ 8,063,306 42 % $ 4,491,520 100 % UK 3,560,661 54 % - - 11,352,394 58 % - - Total $ 6,620,517 100 % $ 2,043,593 100 % $ 19,415,700 100 % $ 4,491,520 100 % As of As of Description July 31, 2022 October 31, 2021 Long-lived assets: Asia Pacific $ 273,740 $ 415,446 UK 13,201,786 - Total $ 13,475,526 $ 415,446

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
	Jul. 31, 2022
Income Tax (Tables)
Schedule of Income tax liabilities	Balance November 1, 2021 $ 602,628 Income Tax November 1, 2021 through July 31, 2022 326,135 Tax paid (565,417 ) Currency Adjustment (119,357 ) Income Tax Liability $ 243,989

BASIS OF PRESENTATION AND ACC_2

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
SUMMARY OF ACCOUNTING POLICIES (Policies)
Net income available to common shareholders	$ 628,332	$ 484,613	$ 1,564,695	$ 664,757
Weighted average common shares outstanding	28,149,967	23,404,205	27,994,628	22,615,734
Basic earnings per common share	$ 0.02	$ 0.02	$ 0.06	$ 0.03
Net income available to common shareholders	$ 628,332	$ 484,613	$ 1,564,695	$ 664,757
Weighted average common shares outstanding	28,149,967	23,404,205	27,994,628	22,615,734
Preferred shares	793,478	1,000	267,399	1,000
Warrants/Options	7,614,707	11,336,768	7,614,707	11,228,241
Adjusted weighted average common shares outstanding	36,558,152	34,741,973	35,876,734	33,844,975
Diluted earnings per common share	$ 0.02	$ 0.01	$ 0.04	$ 0.02

BASIS OF PRESENTATION AND ACC_3

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended		12 Months Ended
	Jun. 26, 2020	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
SUMMARY OF ACCOUNTING POLICIES (Policies)
Description of reverse stock split	All shares and per share amounts have been adjusted for the 1-for-150 reverse stock split which took effect in the marketplace on June 26, 2020	Depreciation is computed pursuant to the straight-line method over the useful life of four years
Allowance for doubtful debts written off		$ 168,557
Allowances for doubtful debt		0		$ 168,557
Development costs		79,247
Inventory		1,191,102		0
Property, plant and equipment		81,783		$ 0
Amortization expenses		$ 285,815	$ 24,131

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2022	Oct. 31, 2021
Accounts receivable	$ 1,929,653	$ 1,762,725
Net allowance for bad debt	0	168,557
Citibank
Due from related party	67,498	$ 336,584
Accounts receivable - related party	269,086
Automated Clearing House
Proceeds from related party	392,921
Accounts receivable	$ 729,505

ACCOUNTS RECEIVABLE RELATED PAR

ACCOUNTS RECEIVABLE RELATED PARTY (Details Narrative) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
ACCOUNTS RECEIVABLE, NET
Accounts receivable - related party	$ 659,515	$ 1,306,896

PREPAID EXPENSES (Details)

PREPAID EXPENSES (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
PREPAID EXPENSES (Details)
Prepayments to suppliers	$ 71,508	$ 104,336
Advance payment for the Mexican gaming permit application	100,000	0
Prepayment for the gaming license fee	25,832	10,090
Prepaid payroll expense	5,439	0
Total prepaid expenses	$ 202,779	$ 114,426

PREPAID EXPENSES (Details Narra

PREPAID EXPENSES (Details Narrative) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
PREPAID EXPENSES (Details)
Prepaid expenses	$ 202,779	$ 114,426

SHORT-TERM DEPOSITS (Details Na

SHORT-TERM DEPOSITS (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2022	Oct. 31, 2021
Operating lease right-of-use asset	$ 188,914	$ 280,183
Operating lease liability current	101,007	100,209
Operating lease liability non-current	92,487	$ 182,024
June 1 2021 [Member] | GTG [Member]
Rent	$ 115,265
Option to renew period	three years
Lease agreement term	three-year
Goods and services tax charged	10%
June 1 2021 [Member] | St. George Bank [Member]
Term deposit	$ 57,385
Interest rate	0.25%
Interest rate on renewal	0.25%

ACQUISITION (Details)

ACQUISITION (Details) - Share Purchase Agreement [Member] - USD ($)	Jul. 31, 2022	Mar. 22, 2021
85,000 GBP based on the exchange rate on January 19, 2021	$ 115,314
Cash	192
Prepayments - Gaming License	61,513
Advance from shareholders	(100)
Total	61,605
Reduce in Additional Paid in Capital in GMGI	53,709
Consideration payable - related party	$ 115,314	$ 115,314

ACQUISITION (Details 1)

ACQUISITION (Details 1) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Add: Current liabilities	$ 3,604,599	$ 1,348,815
Total equity and liabilities	3,697,086	1,530,839
Property, plant and equipment	81,783	0
Goodwill	10,718,824	$ 0
Share Purchase Agreement [Member]
Closing cash consideration of GBP 3,000,000 based on the exchange rate on November 1, 2020	4,099,500
Fair value of contingent cash consideration of GBP 1,000,000 to be paid in six months based on Exchange Rate on November 1, 2020	1,366,500
Fair value of 666,250 restricted shares at $8 per share	5,330,000
Fair value of contingent shares consideration	562,650
Purchase price	11,358,650
Fair value of non-controlling interest	2,705,000
Equity value	14,063,650
Add: Current liabilities	960,753
Total equity and liabilities	15,024,403
Cash and cash equivalents	758,047
Inventory, prizes	906,018
Property, plant and equipment	27,613
Total tangible asset	1,691,678
Website development costs, net	13,901
Trade Names and Trademarks	2,000,000
Non Compete Agreements	600,000
Total intangible assets	2,613,901
Goodwill	10,718,824
Total assets allocated	$ 15,024,403

ACQUISITION (Details 2)

ACQUISITION (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
ACQUISITION
Pro-forma total revenues	$ 9,101,541	$ 10,201,863	$ 26,461,389	$ 36,339,185
Pro-forma net income attributable to GMGI	$ 628,332	$ 1,080,034	$ 1,564,695	$ 2,192,686

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative)		1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 07, 2022 USD ($) shares	Nov. 29, 2021	Dec. 22, 2020 GBP (£)	Jul. 31, 2022 USD ($) $ / shares shares	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) $ / shares shares	Jul. 31, 2021 USD ($)	Oct. 31, 2021 GBP (£)	Oct. 31, 2021 USD ($) $ / shares	Jul. 09, 2021 $ / shares	Mar. 22, 2021 USD ($)	Jan. 31, 2021 $ / shares
Assets acquired and the liabilities assumed				$ 2,705,000		$ 2,705,000
Non controlling interest, percentage						20%
Cash payment				$ 4,099,500		$ 4,099,500
Aggregate shares | $ / shares				$ 8		$ 8				$ 6
Restricted shares | shares	70,332			666,250		666,250
Shares acquired						80%
Common stock, per share | $ / shares				$ 0.00001		$ 0.00001			$ 0.00001			$ 0.00001
Revenues				$ 9,101,541	$ 3,251,354	$ 26,461,389	$ 7,842,271
Net income				628,332	$ 484,613	1,564,695	$ 664,757
Common stock				$ 282		$ 282			$ 272
RKings [Member]
Shares acquired						80%
Common stock, per share | $ / shares				$ 8		$ 8
Acquire ownership interest, in percentage		80%
Revenues						$ 15,458,552
Net income						920,294
Purchase price						11,358,650
Common stock	$ 562,650			$ 5,330,000		5,330,000
Hold back amount				1,366,500		1,366,500
Earnout consideration				5,330,000		5,330,000
Default in obligation | £								£ 1,250,000
Payment of net asset value, in percentage	80%
RKings [Member] | Minimum [Member]
Revenues						$ 7,200,000
Share Purchase Agreement [Member]
Sellers agreed to sell the outstanding capital stock						80%
Consideration payable - related party				$ 115,314		$ 115,314					$ 115,314
Mr. Goodman [Member]
Common stock sell			100%
Total consideration | £			£ 85,000

INTANGIBLE ASSETS SOFTWARE PLAT

INTANGIBLE ASSETS SOFTWARE PLATFORM WEBSITE DEVELOPMENT COSTS TRADEMARKS AND NONCOMPETE AGREEMENTS (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Intangible assets	$ 2,810,885	$ 174,000
Intangible assets, accumulated amortization	(324,880)	(38,737)
Intangible assets	2,486,005	135,263
Non Compete Aagreements [Member]
Intangible assets, accumulated amortization	(90,000)	0
Intangible assets	600,000	0
Aggregation Platform [Member]
Intangible assets, accumulated amortization	(64,932)	(38,737)
Intangible assets	116,000	174,000
Website Development Cost [Member]
Intangible assets, accumulated amortization	(19,948)	0
Intangible assets	94,885	0
Trademarks [Member]
Intangible assets, accumulated amortization	(150,000)	0
Intangible assets	$ 2,000,000	$ 0

INTANGIBLE ASSETS SOFTWARE PL_2

INTANGIBLE ASSETS SOFTWARE PLATFORM WEBSITE DEVELOPMENT COSTS TRADEMARKS AND NONCOMPETE AGREEMENTS (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Nov. 30, 2021	Oct. 31, 2021	Mar. 01, 2021
Amortization expense - website development	$ 285,815	$ 24,131
Capitalized amount	$ 79,247
Estimated useful lives	3 years
Accumulated amortization	$ 324,880			$ 38,737
Gamefish Global Pty Ltd [Member] | Asset Purchase Agreement [Member]
Consideration payable, for acquisition					$ 174,000
Monthly fees					$ 13,050
Outstanding payable intangible asset written down			$ 58,000
Non Compete Aagreements [Member]
Intangible assets	$ 600,000
Intangible assets, amortized over	5 years
Trademarks [Member]
Intangible assets	$ 2,000,000
Intangible assets, amortized over	10 years

ACCOUNTS PAYABLE RELATED PARTIE

ACCOUNTS PAYABLE RELATED PARTIES (Details Narrative) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
ACCOUNTS RECEIVABLE, NET
Accounts payable - related parties	$ 100,541	$ 105,062

DEFERRED REVENUES (Details Narr

DEFERRED REVENUES (Details Narrative) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
DEFERRED REVENUES (Details Narrative)
Deferred revenue	$ 212,636	$ 0

CUSTOMER DEPOSIT (Details Narra

CUSTOMER DEPOSIT (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2022	Oct. 31, 2021
Customer deposits	$ 100,925	$ 68,635
Progressive Jackpot Games [Member]
Customer deposits	57,058	32,886
Progressive contribution fee	5,000
Other Source [Member]
Customer deposits	$ 43,867	$ 35,749

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)					1 Months Ended						3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 10, 2022	Sep. 29, 2021	Sep. 18, 2021	Aug. 10, 2020	Jan. 28, 2022	Apr. 22, 2021	Mar. 22, 2021	Oct. 26, 2020	May 31, 2020	Apr. 24, 2020	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021	May 25, 2022	May 24, 2022	Jul. 29, 2021	Jul. 09, 2021	Jun. 29, 2021	Feb. 18, 2021	Aug. 13, 2020	Jul. 27, 2020	Sep. 19, 2019	Jan. 03, 2018
Revenues related party											$ 216,335	$ 556,743	$ 661,155	$ 1,841,906
General and administrative expense											1,453,776	340,903	4,133,368	820,254
Stock based compensation, shares issued, amount													5,892,650
Professional fees											$ 101,656	63,770	$ 463,625	206,132
Share price											$ 8		$ 8						$ 6
Options purchases							120,000
Amount payable to related party											$ 100,541		$ 100,541		$ 105,062
Common stock shares issued											28,182,575		28,182,575		27,231,401
THomas E McChesney [Member]
Professional fees													$ 31,000	12,000
Amount payable to related party											$ 0		0		$ 0
Mr. Omar Jimenez [Member]
Accounts payable - related parties											0		0		0
Consulting fees						$ 12,500					200,000	41,250	200,000	41,250
Options purchases						50,000
Exercise price						$ 9.910
Vested shares						25,000
Skywind Services IOM Ltd [Member]
Accounts payable other											43,569		43,569
Luxor Capital LLC [Member] | March 10, 2022 [Member]
Transferred all shares of Series B Preferred Stock	1,000
Mr. Goodman [Member]
Surrendered shares			355,109
Aggregate price			$ 2,450,250
Mr. Goodman [Member] | September 18, 2021 [Member]
Stock option exercise upon purchase of shares			$ 2,700,000
Surrendered shares			355,109
Aggregate price			$ 2,344,891
Mr. Murray [Member]
Accounts payable - related parties											0		0		0
Professional fees													31,000	12,000
Compensation payable in arears																							$ 2,000
Issance of stock options																							100,000
Share price																							$ 2.67
Increase in compensation		$ 3,000
Monthly retainer payment																$ 5,000	$ 3,000
Mr. Aaron Richard Johnston [Member]
Accounts payable - related parties											0		0		2,000
Consulting fees											31,000	12,000	31,000	12,000
Compensation payable in arears																						$ 2,000
Issance of stock options																						100,000
Share price																						$ 2.67
Increase in compensation		3,000
Monthly retainer payable																5,000	3,000
Director [Member]
Compensation payable in arears										$ 2,000
Issance of stock options										100,000
Share price										$ 0.795
Increase in compensation		$ 3,000
Expiring date										Apr. 27, 2025
Director [Member] | January Twenty Eight Twenty Twentytwo [Member]
Monthly retainer payment																$ 5,000	$ 3,000
Stock option exercise upon purchase of shares					$ 40,000
Surrendered shares					4,977
Shares issued					35,023
Aggregate price					$ 31,800
Ms.Weiting Feng [Member] | September 18, 2021 [Member]
Stock option exercise upon purchase of shares			$ 700,000
Surrendered shares			83,696
Aggregate price			$ 577,500
Shares issued			616,304
Stock Purchase Agreement [Member] | Mr. Goodman [Member]
Accounts payable - related parties											7,612		7,612		0
2018 Equity Compensation Plan [Member] | Mr. Omar Jimenez [Member]
Options purchases						25,000
Vested shares						25,000
Employment Agreement [Member] | Mr. Goodman [Member]
Superannuation percentage								9.50%
Wages Payable															0
Superannuation payable											4,860		4,860		14,205
Salary received								$ 144,000
Percentage of superannuation on salary								10.50%
Share issued																				$ 0.066
Common stock shares issued																				5,400,000				2,700,000	5,400,000
Employment Agreement [Member] | Ms.Weiting Feng [Member]
Superannuation percentage								9.50%
Wages Payable													7,000		0
Superannuation payable											4,050		4,050		11,838
Salary received								$ 120,000
Percentage of superannuation on salary								10.50%
Share issued																		$ 0.06
Common stock shares issued																		1,400,000		1,400,000				700,000	1,400,000
Articulate Pty Ltd [Member]
Revenues related party													661,155	1,841,906
Accounts payable - related parties											77,019		77,019		77,019			$ 42,464			$ 43,569
Accounts receivable											659,515		659,515		1,306,896
General and administrative expense													$ 0	66,000
Marla Goodman owns, percentage													50%
Brett Goodman and Jason Silver [Member] | Stock Purchase Agreement [Member]
Accounts payable - related parties											0		$ 0		$ 0
Stock based compensation, shares issued, amount				$ 14,840
Professional fees									$ 3,000
Consulting fees											$ 24,000	$ 27,000	$ 24,000	$ 27,000
Restricted common shares issued				2,000
Aggregate shares				4,000

Equity (Details)

Equity (Details)	9 Months Ended
	Jul. 31, 2022 $ / shares shares
Equity
Outstanding options, beginning balance | shares	8,616,664
Options granted | shares	50,000
Options expired | shares	(66,666)
Options exercised | shares	(223,332)
Outstanding options, ending balance | shares	8,376,666
Number Outstanding
Options Exercisable, ending balance | shares	8,049,999
Weighted Average Exercise Price
Weighted average exercise price, beginning balance	$ 0.45
Weighted average exercise price, Options granted	4.22
Weighted average exercise price, Options forfeited	0
Weighted average exercise price, Options expired	0.12
Weighted average exercise price, Options exercised	0.44
Weighted average exercise price, ending balance	0.48
Weighted average exercise price, Options exercisable, ending balance	$ 0.31

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)												1 Months Ended									9 Months Ended
	Mar. 11, 2022	Mar. 10, 2022	Mar. 07, 2022	Nov. 23, 2021	Jul. 14, 2021	Jul. 09, 2021	May 07, 2021	Aug. 20, 2020	Aug. 10, 2020	May 06, 2020	Mar. 15, 2018	Nov. 29, 2021	Jun. 29, 2021	Mar. 22, 2021	Jan. 20, 2021	Jan. 07, 2021	Dec. 07, 2020	Jun. 26, 2020	Mar. 20, 2020	Jan. 03, 2018	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021	Oct. 25, 2021	Jul. 29, 2021	Jun. 06, 2021	Jan. 31, 2021	Jan. 31, 2020	Sep. 19, 2019	Aug. 10, 2015
Preferred stock, shares authorized																					20,000,000		20,000,000				20,000,000
Preferred stock, par value																					$ 0.00001		$ 0.00001
Options granted																					50,000
Options expired																					(66,666)
Options exercised																					(223,332)
Common stock, par value																					$ 0.00001		$ 0.00001				$ 0.00001
Common shares, authorized																					250,000,000		40,000,000				40,000,000
Common stock, issued																					28,182,575		27,231,401
Warrant to purchase common stock					170,000	170,000																				830,000
Warrants remaining																					830,000
Common stock shares																										1,000,000
Proceeds from exercise of warrants						$ 1,020,000
Bank charges						$ 18
Stock-based compensation																					$ 437,068	$ 1,366,288
Shares issue					170,000	170,000
Common shares outstanding																					28,182,575		27,231,401
Share price						$ 6															$ 8
Description of stock split																		All shares and prices per share have been adjusted for a 1 share-for-150 shares reverse stock split that took effect on June 26, 2020
Common Stock per shares									$ 3.40
Purchase of common stock by granting warrants														120,000
Share based compensation gross																					$ 12,010
Options paid																					$ 32,000
Common stock shares issued													5,400,000							5,400,000	1,238,827								2,700,000
Stock based compensation, shares issued, amount																					$ 5,892,650
On April 27, 2020 [Member]
Description of stock split																					Nevada Secretary of State pursuant to which we affected a reverse stock split of our authorized and issued and outstanding common stock in a ratio of 1-for-150. As a result of such filing, our authorized shares of common stock decreased from 6 billion to 40 million and our issued and outstanding shares of common stock decreased in a ratio of 1-for-150
Common stock reduction ratio description																					All issued and outstanding shares of common stock were reduced at a ratio of 1 share for every 150 shares of common stock outstanding.
Stock issued during period																					3,639
August 14, 2020 to August 20, 2020 [Member]
Common Stock per shares								$ 6.80
Shares issued during period								900,000
Description of common Stock Outstanding								The warrants have an exercise price of $4.10 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) August 20, 2022, and (b) the 30th day after the Company provides the holder of the warrants notice that the closing sales price of the Company’s common stock has closed at or above $6.80 per share for a period of ten consecutive trading days
Price per unit								$ 4.10
January 20, 2021 [Member]
Common Stock per shares															$ 5
Shares issued during period															1,000,000
Description of common Stock Outstanding															The Warrants have an exercise price of $6.00 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) January 14, 2023, and (b) the 30th day after the Company provides the holder of the Warrants notice that the closing sales price of the Company’s common stock has closed at or above $10.00 per share for a period of ten consecutive trading days
From November 23, 2020, to December 7, 2020 [Member]
Common Stock per shares																	$ 6.80
Maturity date																	Jan. 07, 2021
April 26, 2021, to May 7, 2021 [Member]
Description of common Stock Outstanding							Company’s common stock closed at or above $10.00 per share. On May 11, 2021, the Company agreed to provide the holder 61 days from the Triggering Date to exercise the warrants, and as a result the holder had until July 11, 2021 to exercise such Warrants
From December 9, 2020, to January 7, 2021 [Member]
Warrant purchased, shares																409,029
Restricted common shares issued																409,029
Warrant purchased, amount																$ 1,677,019
Luxor Capital LLC [Member]
Common shares outstanding				7,470,483																			27,231,401
Preferred stock voting rights description				1,000 shares of the Company’s Series B Voting Preferred Voting Stock, representing 100% of the Company’s issued and outstanding Series B Voting Preferred Voting Stock, which Series B Voting Preferred Voting Stock shares each vote four times the number of shares of the Company’s common stock outstanding (27,278,541 shares)
Total voting shares				$ 109,121,634,483
Voting rights. Percentage				99.982%
Percentage of common shares outstanding				27.40%
Placement Agency Agreement [Member]
Cash fee paid																								6%
Maximum reimbursement of agent expense																								$ 60,000
Non-accountable expense reimbursement																								1%
Series B Preferred Stock [Member]
Preferred stock, par value																					$ 0.00001		$ 0.00001				$ 0.00001
Preferred stock, shares designated																					1,000		1,000							1,000
Preferred stock voting rights description	7,500 votes on all matters presented to the Company’s shareholders for a vote of shareholders, whether such vote is taken in person at a meeting or via a written consent (7,500,000 votes in aggregate for all outstanding shares of Series B Preferred Stock)	the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “Series B Preferred Stock”), which entity is wholly-owned by the Company’s Chief Executive Officer and Chairman, Anthony Brian Goodman, transferred all 1,000 shares of Series B Preferred Stock which it held to Mr. Goodman for no consideration
Preferred stock, shares issued																											1,000	1,000
Preferred stock, shares outstanding																					1,000		1,000				1,000
Preferred stock conversion basis	1,000 for 1 basis
Undesignated preferred stock																					19,999,000		19,999,000
Preferred Stock [Member]
Preferred stock, shares authorized																							147,118
Preferred stock, par value																							$ 0.00001
Stock Option Plan [Member]
Share price													$ 0.06							$ 0.066
Exercise price											$ 0.06									$ 0.066
Shares issued during period																				5,400,000
Common stock option granted, shares											1,400,000		466,667
Maturity period											3 years 6 months									1 year
Expiration date													Dec. 31, 2022
Purchase Agreement [Member]
Common stock, issued																								496,429
Number of warrants to purchase																								496,429
Warrants and shares per share value																								$ 7
Proceeds from issuance of shares and warrants																								$ 3,475,003
Purchase Agreement [Member] | Restricted Stock
Net asset value																							$ 562,650	$ 5,000
Stock issued during the period acquired			$ 70,332									$ 5,330,000
Stock issued during the period acquired, shares												666,250
Common stock per shares												$ 8
Investor [Member]
Common stock shares sold, shares																					527,029
Cash raised upon sale of shares																					$ 1,791,863
Ms. Feng [Member]
Exercise price													$ 0.06
Stock option expense													$ 2,069
Two external consultants [Member] | Consultation Services [Member] | Restricted Stock
Issuance of shares for services, amount																					$ 6,000
Stock issued during the period shares issued for services																					808
Two external consultants [Member] | Investor [Member] | Restricted Stock
Issuance of shares for services, amount																					$ 48,840
Stock issued during the period shares issued for services																					8,608
James Caplan [Member]
Shares issued during period										66,667
Market value of shares issued																			37,000
Ontario Inc [Member] | On March 1, 2021 [Member]
Purchase of common stock by granting warrants														120,000
Exercise price														$ 5.50
Common stock shares issued value														$ 3,000
Closing sales price														$ 11
Stock Purchase Agreement [Member] | Brett Goodman and Jason Silver [Member]
Restricted common shares issued									2,000
Stock based compensation, shares issued, shares									4,000
Stock based compensation, shares issued, amount									$ 14,840
Description of share based compensation									Stock Purchase Agreement with Brett Goodman, the son of the Company’s Chief Executive Officer, and Jason Silver (collectively, the “Partnership”). The Company agreed to issue 4,000 shares to the Partnership (2,000 to each of Brett Goodman and Jason Silver) as compensation for their service provided to assist the Company in developing a betting application
Employment Agreement [Member] | Mr. Goodman [Member]
Common stock, issued													5,400,000							5,400,000									2,700,000
Employment Agreement [Member] | Ms.Weiting Feng [Member]
Common stock, issued													1,400,000							1,400,000					1,400,000				700,000
Sale and Purchase Agreement [Member]
Share consideration issued description												Share Capital to purchase 80% of the outstanding capital stock of RKings

SEGMENT REPORTING AND GEOGRAP_3

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenue	$ 9,101,541	$ 3,251,354	$ 26,461,389	$ 7,842,271
Percentage of total revenue	100%	100%	100%	100%
Asia Pacific [Member]
Revenue	$ 4,256,372	$ 3,251,354	$ 11,002,837	$ 7,842,271
Percentage of total revenue	47%	100%	42%	100%
United Kingdoms [Member]
Revenue	$ 4,845,169	$ 0	$ 15,458,552	$ 0
Percentage of total revenue	53%	0%	58%	0%

SEGMENT REPORTING AND GEOGRAP_4

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenue	$ 9,101,541	$ 3,251,354	$ 26,461,389	$ 7,842,271
Percentage of total revenue	100%	100%	100%	100%
B2C [Member]
Revenue	$ 4,845,169	$ 0	$ 15,458,552	$ 0
Percentage of total revenue	53%	0%	58%	0%
B2B [Member]
Revenue	$ 4,256,372	$ 3,251,354	$ 11,002,837	$ 7,842,271
Percentage of total revenue	47%	100%	42%	100%

SEGMENT REPORTING AND GEOGRAP_5

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Cost of goods sold	$ 6,620,517	$ 2,043,593	$ 19,415,700	$ 4,491,520
Percentage of total revenue	100%	100%	100%	100%
B2C [Member]
Cost of goods sold	$ 3,560,661	$ 0	$ 11,352,394	$ 0
Percentage of total revenue	53%	0%	58%	0%
Cost of goods sold percentage	54%	0%	58%	0%
B2B [Member]
Cost of goods sold	$ 3,059,856	$ 2,043,593	$ 8,063,306	$ 4,491,520
Percentage of total revenue	47%	100%	42%	100%
Cost of goods sold percentage	46%	100%	42%	100%

SEGMENT REPORTING AND GEOGRAP_6

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 3) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Cost of goods sold	$ 6,620,517	$ 2,043,593	$ 19,415,700	$ 4,491,520
Percentage of total revenue	100%	100%	100%	100%
Asia Pacific [Member]
Cost of goods sold	$ 3,059,856	$ 2,043,593	$ 8,063,306	$ 4,491,520
Percentage of total revenue	47%	100%	42%	100%
Cost of goods sold percentage	46%	100%	42%	100%
United Kingdoms [Member]
Cost of goods sold	$ 3,560,661	$ 0	$ 11,352,394	$ 0
Percentage of total revenue	53%	0%	58%	0%
Cost of goods sold percentage	54%	0%	58%	0%

SEGMENT REPORTING AND GEOGRAP_7

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 4) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Long lived assets	$ 13,475,526	$ 415,446
Asia Pacific [Member]
Long lived assets	273,740	415,446
United Kingdoms [Member]
Long lived assets	$ 13,201,786	$ 0

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Jul. 31, 2022 USD ($)
Income Taxes
Balance November 1, 2021	$ 602,628
Income Tax November 1, 2021 through July 31, 2022	326,135
Tax paid	(119,357)
Currency Adjustment	(565,417)
Income Tax Liability	$ 243,989

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2022	Nov. 01, 2021	Oct. 31, 2021
Income Taxes
Income tax expense	$ 78,951	$ 326,135
Statutory tax rate		19%
Income tax payable	243,989	$ 243,989		$ 0
Income tax liability	$ 0	$ 0	$ 602,628

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Aug. 04, 2022 USD ($)
Settlement Agreement [Member] | Mark Weir [Member]
Salary	$ 60,902
Voting percentage	80%
Holdback Amount	$ 1,218,027
Accounts payable	548,112
Employment Agreement [Member] | RKings [Member]
Salary	$ 158,344