Elray Gaming Positions Itself for Potential Changes in U.S. Gaming Laws, Establishes U.S. Office
March 31 2011 - 7:30AM
Marketwired
Elray Resources, Inc (OTCBB: ELRA) has announced the establishment
of a U.S. office for its online gaming division, Elray Gaming, in
preparation for potential changes to U.S. gaming laws.
The Company has opened corporate offices in New York City in
order to meet operational requirements put forth by lawmakers in
pending state and federal legislation. Under the proposed bills,
internet-enabled gaming operations must adhere to strict rules
including locally based operations and technology that allows for
IP address restrictions and user age verification.
Brian Goodman, the CEO of Elray Resources, commented, "With the
establishment of a New York office, we feel we are fully compliant
with all pending legislation changes allowing for potential entry
into the U.S. online gaming market. Our technology already meets
the state and federal standards proposed and the opening of our New
York office is the final step."
The Company understands the importance of developing a strong
communication line to its shareholders. Thus, the company has
established a corporate website www.elraygaming.com to reflect the
new operations.
About Elray Gaming
Elray is an established Global Online Gaming entity which owns
and licenses Gaming Intellectual Property, Gaming Domains,
Trademarks and Player Databases. Operations are headquartered in
Curacao, Netherland Antilles and maintain offices, representatives
and support facilities in the United States, United Kingdom,
Australia, South Africa, Mauritius, Israel and the Philippines.
Elray's business model is to offer Internet Gaming Products to
non-US players in jurisdictions where online gaming is
permitted.
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: Brian Goodman CEO Email Contact 917-775-9689
www.elraygaming.com
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