Elray Gaming Announces License Agreement with BetTek for ‘Virtual Horse Racing’ Platform
August 26 2013 - 8:30AM
Business Wire
Elray Resources, Inc. (OTCBB:ELRA), through its online gaming
and turnkey solution subsidiary Elray Gaming, announces a license
agreement with BetTek Inc for their Virtual Horse Racing platform,
SIMTV.
The Company announced that it has finalized a license agreement
with BetTek, Inc, for the promotion and development of their
Virtual Horse Racing platform, SIMTV. In addition to deploying a
Virtual Horse Racing product direct to consumers, Elray Gaming will
also seek to build White Labeled Networked products with
organizations that already own and operate online gaming products,
casinos and sports betting facilities.
Real Time Virtual Reality Horse Racing
BetTek Virtual World is a Visually Exciting and Data Rich server
based system, BetTek’s SIMTV has re-created the world of horse
racing down to every element found in live racing.
THE SIMTV Betting Engine has three options which include fixed
odds, sliding fixed odds and pari-mutuel, which enables worldwide
deployment with regional preferences. Betting can be accepted as
soon as the race is posted, up to 7 days in advance. All betting is
closed 10 sec prior to race start at which time the system
calculates the result rendering files and sends the animation file
to the viewer for the running of the race. This prevents tampering
with the odds and payouts. This method offers the greatest security
against any players or ‘bots’ trying the “beat” the game. The
system tracks every bet transaction for each user in “cash” or
“play for fun” mode that can be viewed by the player from the web
page, or by the operators from the call centre module.
Brian Goodman, the CEO of Elray Gaming commented; ”This is a
valuable and unique product utilizing ‘best of breed’ technology
and there is no doubt that the product will be embraced by social
gamers, online casino players, kiosk operators and sports betting
operators generating large revenues for both Elray and its sub
licensees. This product will join the ranks of some of the world’s
most successful online virtual reality products such as FarmVille,
Zynga Poker and CastleVille.
SIMTV has created a real-time virtual world strictly focused on
a horse racing betting platform. For either cash bets in areas
where available, or as ‘play for fun’ mode, we feel this product
could become very popular among horse racing enthusiasts. In
addition to development, we will seek out current holders of
land-based horse track racing licenses to partner with, and if
possible this could be a virtual racing game in betting parlors, or
bars around the world.”
”The addition of this virtual horse racing platform license to
our current gaming portfolio, begins to provide Elray
Gaming with a diverse portfolio of gaming products.”
To inquire about potential online or mobile gaming partnerships,
marketing and promotion, or development of a specific branded
online casino platform please email us at brian@elraygaming.com
About Elray Gaming, Inc.
Elray Gaming provides a complete turnkey solution for numerous
successful online gaming companies as well as performs strategic
marketing and consulting services for Online Gaming operators from
all parts of the world. While our US office is in New York, we are
a global company with offices in London, Sydney and Curacao, homes
of the largest online operators on the net, which helps us actively
manage and serve our clients. Our sophisticated patented software
automatically declines any gaming requests from within the United
States, in strict compliance with current US law. Our Sydney office
allows us to tap into skilled resources and some of the world's
largest client base, for regular, personal interaction. As our
active operations are in a jurisdiction that is friendly to online
gaming, our clients can rest assured that we are here to stay.
www.elraygaming.com
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:
Melissa Diaz,South Street Media, IncPhone: (917) 937-8968Email:
info@southstreetmedia.com
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