Elray Gaming’s Interest in Asia Link Exceeds Expectations
March 10 2015 - 9:05AM
InvestorsHub NewsWire
NEW YORK, NY -- March 10, 2015 -- InvestorsHub NewsWire -- Elray
Resources Inc. (OTCPK:ELRA) trading as Elray Gaming announced today
that its Joint venture Partner, AsiaLink has signed three new
Online Casino Operators. The new operators have over 8,000 New
Players that have registered and played within the newly launched
online casinos in less than a month and over 8 Million CNY
(Approximately 1,100,000USD has also already been waged by the new
players the last few weeks.
In terms of the agreement Elray acquired a 25% stake in AsiaLink
with options to acquire additional percentages based on AsiaLink
achieving profit milestones
AsiaLink is a specialist gaming company with over 30 experienced
staff.
Asia Link currently generates over 1.63 Billion RMB in wagering
every month ($260 Million USD)
Mr Goodman, CEO of Elray Gaming stated, “The recent
results are way ahead of our expectations. The recently formed
Joint Venture and Acquisition will ensure that Elray maintains its
growth in this region. Asia is the world’s largest gaming market
and Elray’s JV and interest in AsiaLink will generate valuable
revenue for Elray Gaming. We are confident that we can maintain
this momentum and continue to build Elray
Gaming.”
In
consideration for the recent purchase of its interest in AsiaLink
Elray had issued Preferred Series C stock with a 24-month
restriction on conversion.
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: Elray Gaming
Email: info@elraygaming.com
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