EXHIBIT 21.1
SUBSIDIARIES OF GOLDEN MATRIX GROUP, INC.
| Name |
| Place of Organization |
| Ownership |
| Global Technology Group Pty Ltd |
| Sydney, New South Wales, Australia |
| 100% Owned |
| RKingsCompetitions Ltd |
| Northern Ireland |
| 80% Owned* |
| Golden Matrix MX, S.A. DE C.V. |
| Mexico |
| 99.99% Owned |
| GMG Assets Limited |
| Northern Ireland |
| 100% Owned |
* On October 27, 2022, the Company exercised its Buyout Right to acquire the remaining 20% interest in RKingsCompetitions Ltd (RKings) for a total consideration of $1,323,552, which was satisfied by the issuance by the Company to the sellers 165,444 restricted shares of the Company’s common stock, valued at $8.00 per share. The 165,444 restricted shares were issued to the sellers on November 4, 2022. On November 30, 2022, RKings filed a confirmation statement with UK’s Companies House pursuant to which the 20% minority shares of RKings were transferred to the Company effective on November 4, 2022.