Elray Resources Inc. Acquires Online Casino Crypto Technology
Elray Resources Inc., a developer and licensor of online gaming technology and systems, announced it has acquired Online Casino Crypto Technology, from Luxor Capital LLC. The Crypto Technology will enable Elray to build and supply full turnkey Crypto Technology systems to online crypto gaming operators.
The crypto platform, branded as EBS (Elray Blockchain System), is expected to launch in the coming months.
Elray also announced it has reached an Exclusive Distribution Agreement with Golden Matrix Group Inc. (NASDAQ: GMGI), wherein it will acquire all its gaming content for crypto operators from Golden Matrix. As a result, Elray Gaming’s B2B online crypto casino systems and technology will feature content provided exclusively by Golden Matrix Group Inc. Elray Gaming’s new website can be found at www.elraygaming.com.
Luxor Capital LLC, is a Nevada Company, wholly owned by Anthony Brian Goodman.
Mr. Goodman and Ms. Feng are related parties, Board Members of Elray Resources Inc., and Golden Matrix Group Inc. as well as Mr. Goodman is the Sole Managing Member of Luxor Capital LLC.
The global crypto gambling industry, according to MBN Market Business News, is predicted to reach $93 Billion By 2024.
Cathy Feng, CFO, said, “Bitcoin casinos are now one of the latest trends in the online gambling industry and they will shape the future of online gambling as we know it. Crypto Casinos have many advantages over traditional casinos, such as faster payments, improved security, and better transparency. Some of the best Bitcoin casinos on the market already have hundreds of thousands of active players hailing from all corners of the world.”
“Some interesting Casino Stats, that you should be aware of, the global casino industry is worth over 231 billion dollars, since 2014, players have wagered more than 5.4 Billion Dollars in Bitcoin, Crypto gamblers place 337 bets every second, 60% of all Bitcoin transactions are related to gambling. The latest Bitcoin gambling statistics show that the interest in crypto gambling is on the rise as players continue to choose cryptocurrencies for the many advantages that they offer.”
