Elray Gaming – Announces Record Revenues
September 17 2015 - 8:40AM
InvestorsHub NewsWire
NEW YORK, NY
-- September 17, 2015 -- InvestorsHub NewsWire -- Elray
Resources Inc. (OTCPK:
ELRA)
trading as Elray Gaming announced record revenues up 271% on the
previous Quarter.
Revenues for Q2 2015 over
Q1 2015 are up 271%.
Operating Expenses for Q2
2015 over Q2 2014 have been reduced by
33%.
Brian Goodman, CEO stated
that, "Elray has continued
to achieve record double digit Revenue increases month on month
since the 3rd Quarter of 2014. This last Quarter Elray
achieved an increase in revenues of over 271% coupled with a 33%
reduction of operating expenses when comparing Q2 2015 to Q2 2014,
both of which are excellent achievements.
Elray’s additional revenues and the reduction of operating
expenses are as a direct result of its continuing recognition in
the industry backed by its unique IP/Technology and a skilled
team. Online gambling is one of them fastest growing
segments of the gambling industry. The Online Gaming
segment of the overall Gaming Market has shown particular strength
progressively expanding and growing globally. The Company
in recent months has continued to focus on new and emerging markets
and the result is solid growth. Elray will continue to offer its
services in this lucrative market and provide its ‘state of the
art’ technology to licensed operators.”
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 and Sydney, homes of the largest gaming operators, which
helps us actively manage and serve our clients. Our sophisticated
software automatically declines any gaming requests from within the
United States, in strict compliance with current US
law.
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.
Our sophisticated software
systems automatically decline and denies any gaming requests from
within illegal gaming jurisdictions including but not limited to
the United States, Hong Kong, Singapore, United Kingdom, France,
Italy and Israel and prevents any access to the products that we
support from any of these jurisdictions ensuring that residents of
these countries cannot participate and are in strict compliance
with the laws of these countries.
We comply with all
regulations, rules and directives of governmental authorities and
agencies applicable to online gaming. Regulations relating to
online gaming vary significantly in different jurisdictions.
Various sophisticated methods are utilized prior to acceptance of
deposits to ensure that funds are only accepted from gamers in
jurisdictions in which we are legally entitled to provide
services.
Contact:
Synergy Business
Consultants
Rick
Severson
Phone: (888)-259-9173
Email: rick@synergy-businessconsltlants.com
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