Sunday December 4,2011 : Mixed bag of prospects
A trading update released by online gaming firm Elray Gaming Inc reveals that the company is undergoing a strategic review that will see it acquire, develop, support and market software to the gaming industry.
Elray intends entering newly legislated jurisdictions worldwide offering its services to land based casinos, state lotteries and third party online gaming sites.
A company spokesperson said the company has begun the process of identifying gaming technology firms that will enable Elray to develop an independent gaming IP which it intends licencing to both online and terrestrial operators.
Along with a turnkey offering that includes the gaming platform, best of breed slot machine and table games, the company is investigating the prospect of a Financial Services speculative product targeted at the social network and fantasy sports markets in the U.S. and globally.