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Elray Resources branching out but share price lags
Monday May 4,2015 : FORMER R.T.G. CASINO OPERATOR ACTIVE IN NEW VENTURES
Brian Goodman's Elray Resources branching out but share price lags.
Former Australian RTG online casino operator Brian Goodman's online gambling business Elray Resources is looking at new verticals in the industry, although its share price has lagged in recent weeks, reports the publication Micro Cap Insider.
Elray owns and licenses gaming intellectual property, gaming domains, trademarks and player databases and is registered in the United States, with offices in London, South Africa, Sydney and Curacao.
The company says that its software automatically declines any gaming requests from within the United States, in strict compliance with current US law.
The OTC listed group experienced a surge of interest at the beginning of 2015 when it claimed that live dealer wagering deposits at Manila properties in which it holds an interest had exceeded $10 million in October 2014, although that attention has apparently since waned.
Elray has a 25 percent partnership interest in AsiaLink, which recently signed three new online casino operators who claim to have attracted 8,000 new players within the last few weeks, who have wagered Chinese Yuan Renminbi 8 million (just over US$1 million).
One of the new online verticals that Goodman is reportedly exploring is lotteries. Elray recently announced that it had acquired lotterydomain.com, a reseller of the Oz Lotteries System, which operates under strict government supervision and is the exclusive online agent for the government licensed NSW Lotteries, run by Tatts Group Limited in Australia.
Goodman says Elray plans to build the business and add further licensed lottery products, enabling the sale of lottery tickets across smartphones, tablets and computers through websites and mobile apps. The Lottery market is a rapidly growing market and is expected to continue growing based on evidence in other countries where the percentage of lottery customers playing online has reached 30 percent.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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