Elray Gaming Launches a Working Version of Its Virtual Horse Racing Platform
April 15 2014 - 9:25AM
Elray Resources Inc. (OTCBB:ELRA), through its online gaming and
turnkey solution subsidiary Elray Gaming, announced it has the
SimRacing virtual horse racing platform available
for viewing.
The Company now has a working version of the unique Virtual
Horse Racing platform.
A visual of the platform can be seen at
http://vimeo.com/91968721
The Company is currently working with a Multinational licensed
Casino Operator based in Hong Kong, and is finalising a Joint
Venture agreement to license the valuable technology which will
result in substantial revenues to Elray.
Elray will seek to exhibit the product at the Asian Gaming Show
on the 20th May being held in Macau. www.G2EAsia.com Macau is the
hub of the world's most rapidly expanding gaming market and plays
host to the gaming industry's leading edge companies and
professionals. Brian Goodman, the CEO of Elray Gaming Inc.
commented, "We are now confident that the
SimRacing IP recently acquired by Elray, has
considerable value and our focus is currently on deploying the
product into the lucrative Asian market."
"The global gaming industry is poised for another record year,
with Asia leading the way once again. Asia is the world's largest
and fastest growing gaming market and a driver of a significant
portion of worldwide revenue. Horserace betting is one of the
largest gambling industries in Asia. The Hong Kong's Jockey Club
contributes 11.7% of Hong Kong's tax revenue and the organization
is the largest taxpayer in Hong Kong, as well as the largest
private donor of charity funds, contributing an average of over
HK$1 billion (approximately US$130 million) annually over
the past ten years."
Elray will work to deploy this virtual betting platform through
joint ventures with licensed gaming operators, licensing
agreements, and potentially have this real time virtual betting
game in such places as casinos, betting parlors, and sports
bars."
About SimRacing
The SimRacing platform was built in conjunction
with horse owners, breeders, trainers, jockeys, handicappers and
patrons of horse racing.
The unique user experience is unmatched by any other virtual
game on the market offering Real-time 3D texture-rich animated
races
The SimRacing virtual world is the heart of the
game. Elray has re-created the world of live horse racing down to
every element from breeding, bloodlines, speed rating and track
conditions adding an element of skill and this all resulting in an
engaging real life experience.
SimRacing has over 7 years of history including
400,000 horses that have been bred through the characteristic
profiling and historical performance of the parents and
grandparents. The virtual blood-lining process ensures that horses
are unique by taking on the running style and characteristics bred
into them by their virtual parents. Some horses will be afraid of
the getting to close to the rail, some will lead the race and the
fall off, while others will come from behind. All of the excitement
you expect to see in live horse racing. Based on these bloodlines
and work outs, horses gravitate to different classes that they will
compete in, moving up or down in class depending on their race
results. This promotes organic behaviour and produces a real horse
racing experience
As of March 14, 2014, the Company has approximately 51,381,487
common shares issued and outstanding.
About Elray Gaming
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, Inc
Phone: (917) 937-8968
Email: info@southstreetmedia.com
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