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Elray Gaming was formed in 2011 when a group of Successful Casino marketing specialists identified an opportunity: the market need for professional and qualified consultants. Since then Elray Gaming has incorporated VIP Gaming Promotion and Web Applications to its business portfolio.
Elray Gaming CURRENT PROJECTS
- To Develop Bitcoin Casino
- Developing Virtual Horse Racing Platform
- Launched their First Online Casino
- Operating Binary Option Platform
- Online Gambling in Strong Demand
- 24 Million Shares Outstanding
- Market Cap only $480,000
Developing Bitcoin Casino
The Company is in process of developing a online casino utilizing the new virtual online currency Bitcoin. Although still in the beta test phase, an online casino utilizing Bitcoin as a form of currency would make ELRA a special play within the gaming sector. To show the potential within this sector, SatoshiDice, a Bitcoin dice gaming site, was recently acquired for a value of $11.5 million.
Virtual Horse Racing Platform
Elray Gaming entered into an agreement with Virtual Technology Group, LLC to assist in developing, marketing, and supporting their technology of a virtual online horse racing products. The horse racing platform will have three options which include fixed odds, sliding fixed odds and pari-mutuel, which enables worldwide deployment with regional preferences. Each engine calculates the payout based on the engine rule set and odds calculated by the virtual world system. Betting can be accepted as soon as the race is posted, generally 3 days in advance. All betting is closed 10 sec prior to race start when the system calculate the rendering files and sends the animation file to the viewer for the running of the race. This prevents tampering with the odds and payouts. This method offers the greatest security against any players or bots trying the "beat" the game. The system tracks every bet transaction for each user in "cash" or "play for fun" mode that can be viewed by the player from the web page, or by the operators from the call center module.
Video demo -
http://www.youtube.com/watch?v=buat30GeYnEBinary Option Platform
In addition to their new Golden Galaxy online casino, the company also operates their own binary options trading platform called Golden Matrix Binary. This now gives ELRA two live and operating gaming platforms, and makes it a active player in the online gaming sector. A video of their binary option trading platform can be viewed at
http://www.youtube.com/watch?v=TCPLTFmpWp0Our Mission:
Foster long-term business relationships with our clients
Assist clients in creating marketable, profitable businesses
Design marketing plans and promotions based on information, logic and clearly defined goals
Deliver clients the best value per dollar
Provide entire Infrastructures to operate the business successfully
To treat each client with respect and honesty
What Makes Us The Best?
LOCATION
We are a global company with offices in Macau, USA, London, Sydney, BVI and Curacao.
EXPERIENCE
Our company is highly motivated and creative with expertise in multiple fields. These include: gaming, casino operation, new media buying and traditional marketing & sales.
INTEGRITY
We take full accountability for every consulting job we perform on behalf of our clients. We disclose all relevant information, assuring that you completely understand the decisions we make and the results they generate.
CONFIDENTIALITY
We take full accountability for every consulting job we perform on behalf of our clients. We disclose all relevant information, assuring that you completely understand the decisions we make and the results they generate.
Professional Corporate Website=
http://www.elraygaming.com/Mobile Development Website=
http://www.elraymobile.com/home.htmlhttp://www.otcmarkets.com/stock/ELRA/financialshttp://www.elraygaming.com/
Brian Goodman CEO
1(917)775-9689
info@elraygaming.comFacebook
https://www.facebook.com/ElrayGaming?ref=ts&fref=ts Twitter
https://twitter.com/ElrayGaming==========================================================
BTC news! ~>
Elray Gaming Begins Beta Testing of Bitcoin Casino, Explores Binary Options
NEW YORK, Oct 30, 2013 (GLOBE NEWSWIRE via COMTEX) -- Elray Resources, Inc (OTCBB:ELRA), through its online gaming and turnkey solution subsidiary Elray Gaming, announced its has begun beta testing of its new bitcoin casino in preparation for launch.
Bitcoin Exceeding All Expectations
Bitcoin is a distributed peer-to-peer digital currency that functions without the intermediation of any central authority. The meteoric rise in Bitcoin has meant that within the space of four years the Bitcoin has risen in value from less than a half a cent to $203.00.
Brian Goodman, Elray's CEO said that "If you had invested $50 into Bitcoins in 2009 your Bitcoin value would now be over 2 Million USD." Mr Goodman also said that "Bitcoin is a unique opportunity and is gaining more and more momentum and traction, even within the physical world; it is now possible to actually spend Bitcoins without exchanging them for traditional currency. I expect more and more demand and internet usage of the Bitcoin and as such we are developing unique products that will allow online operators of gaming products to accept Bitcoin as a form of payment. There are currently only approximately 12 Million Bitcoins in Circulation and the demand is increasing every day therefore driving the price higher. Demand is fuelled primarily by the ease of use and the growing acceptance on the Net."
Bitcoin Casino Payment Integration
Elray Gaming has begun beta testing a Bitcoin processing System integrated to its already developed Online Gaming Casino ready for play. Utilizing the growing virtual currency bitcoin, this new gaming platform and casino will incorporate such popular games as Poker, Dice, Sports, and Virtual Horse Racing. The finished casino is just in process of testing the backend Bitcoin processing system so as to provide future users with a trusted and proven gaming product in this field.
Hot Wallet Payments
The platform will utilize a unique secure hot wallet payment feature that will keep a very limited number of Bitcoins in a 'Hot Wallet' to enable immediate withdrawals of small/typical amounts. By maintaining a limited number of Bitcoins in the exchange we reduce risks, but provide for liquidity for gamers to deposit and withdraw in a more liquid market through our gaming platform.
In addition, Elray Gaming is also exploring the integration of this Bitcoin payment feature for the development of its Virtual Horse Racing gaming platform, which it recently signed a licensing agreement with BetTek to develop.
Binary Option Trading on Bitcoin
The Company is also exploring leveraging its experience in Binary Option trading to allow users in the future to trade binary options on the daily spot price of Bitcoins. This platform would allow users the ability to trade both long and short binary options on the daily fluctuations of bitcoin prices around the world, and could also help leverage our existing Binary option portfolio.
Compliance to Gaming Regulations
Since inception, Elray Gaming has always aimed to adhere to all standing and legal compliance when it comes to local gaming laws. Based on the current uncertainty on how bitcoin trading may be labeled in regards to online gambling, Elray Gaming will initially launch any Bitcoin casinos, or gaming products, as if they were cash only gaming, thus restricting players where gaming may be illegal locally, or under the Unlawful Internet Gambling Enforcement Act of 2006.
Share Structure
As of October 20, 2013, the Company had approximately 27 million common shares issued and outstanding, with roughly 8 million shares available in the public float.
About Elray Gaming, Inc.
Elray Gaming provides a complete turnkey solution for numerous successful online gaming companies as well as performs strategic marketing and consulting services for Online Gaming operators from all parts of the world. While our US office is in New York, we are a global company with offices in London, Sydney and Curacao, homes of the largest online operators on the net, which helps us actively manage and serve our clients. Our sophisticated patented software automatically declines any gaming requests from within the United States, in strict compliance with current US law. Our Sydney office allows us to tap into skilled resources and some of the world's largest client base, for regular, personal interaction. As our active operations are in a jurisdiction that is friendly to online gaming, our clients can rest assured that we are here to stay. www.elraygaming.com
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
CONTACT: Melissa Diaz,
South Street Media, Inc
Phone: (917) 937-8968
Email: info@southstreetmedia.com
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwNTUxNjkjMjU1NDY=
(C) Copyright 2013 GlobeNewswire, Inc. All rights reserved.
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KEYWORD: NEW YORK
INDUSTRY KEYWORD: Computer Software and Services
SUBJECT CODE: Product / Services Announcement
GAMING
OP~*under construction*
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