Elray Gaming Concludes a Master License / Reseller Agreement
September 22 2014 - 9:24AM
InvestorsHub NewsWire
NEW YORK, NY - September 22,
2014 - InvestorsHub NewsWire - Elray Resources Inc.
(OTCPK: ELRA)
trading as Elray Gaming announced today that it has finalized a
Master Software Reseller Agreement with Moorgate Commercial
Limited.
In terms of this agreement
Elray Gaming will be permitted to Resell and Operate the Playtech
Ltd. Gaming Software in Asia.
Playtech is the world's largest
online gaming and sports betting software supplier. Founded in 1999
by entrepreneurs from casino, software engineering and multimedia
industries, the company has become the strongest player in the
market of gaming solutions.
Playtech Ltd ( www.Playtech.com ) has a market
capitalization of over 2 Billion Pounds ( 3.3 Billion USD) and a
Net Income of over 489 Million Pounds (815 Million
USD)
In terms of this agreement,
Elray Gaming now has the rights to Resell and operate the Playtech
Software in defined territories in
Asia.
Elray will work closely with
Moorgate and Playtech Ltd to build its Asian business and capture a
slice of the Global market expected to reach USD 117.9 Billion USD
in 2015* *Transparency Market
Research
The License Agreement will
allow Elray to build on its Junket Operator relationships and
existing business and will generate ongoing revenues in Asia the
world’s most lucrative Gaming market.
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, Sydney and Curacao, homes of the largest gaming operators,
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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