Elray Gaming – Revenues are up 49%
June 18 2015 - 7:25AM
InvestorsHub NewsWire
NEW YORK, NY
-- June 18, 2015 -- InvestorsHub NewsWire --
Elray Resources Inc. (OTCPK: ELRA)
trading as Elray Gaming announced today that Revenues are up
substantially Quarter over Quarter.
Revenues for Q1 2015 over Q4
2014 were up 49%.
Brian Goodman, CEO
stated that, "Elray is making
exceptional progress and will post another Q/Q Revenue Increase for
Q2, 2015 coupled with a further reduction in debt.
Elray has assisted its clients in generating additional revenues
and profitability as a result of its unique IP/Technology, skilled
team and its customer retention and marketing tools.
Online gambling is a global phenomenon. The North America market is
beginning to show solid growth and certain states are already
allowing regulated activity. Elray is currently developing specific
tools for the US market and will play a part in this lucrative
market and provide its ‘state of the art’ technology to licensed
operators.”
www.ElrayGaming.com
About Elray
Elray is an established Gaming
entity which owns and licenses Gaming Intellectual Property, Gaming
Domains, Trademarks and Player Databases. Whilst Elray is a US
company, we have a global presence with offices in London, South
Africa and Sydney, homes of the largest gaming operators, which
helps us actively manage and serve our clients. Our sophisticated
software automatically declines any gaming requests from within the
United States, in strict compliance with current US
law.
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
facNewt 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.
Our sophisticated software
systems automatically decline and denies any gaming requests from
within illegal gaming jurisdictions including but not limited to
the United States, Hong Kong, Singapore, United Kingdom, France,
Italy and Israel and prevents any access to the products that we
support from any of these jurisdictions ensuring that residents of
these countries cannot participate and are in strict compliance
with the laws of these countries.
We comply with all
regulations, rules and directives of governmental authorities and
agencies applicable to online gaming. Regulations relating to
online gaming vary significantly in different jurisdictions.
Various sophisticated methods are utilized prior to acceptance of
deposits to ensure that funds are only accepted from gamers in
jurisdictions in which we are legally entitled to provide
services.
The Unlawful Internet Gambling
Enforcement Act of 2006 (“UIGEA”) became United States (“U.S.”) law
in late 2006 and effectively curtailed legal participation by U.S.
players in online gambling. The UIGEA prevented financial
transactions related to online gaming in the U.S. Players in the
U.S. are currently legally precluded from participating in online
gambling. Elray’s online gaming products are not available to
U.S. players and also not available to residents of Hong
Kong.
Contact:
Jacqui Hawksworth
Phone: (917) 775-9689
Email: info@elraygaming.com
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