Elray Gaming to Develop Mobile Technologies for Online Gaming Sector

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Elray Gaming to Develop Mobile Technologies for Online Gaming Sector

NEW YORK--(BUSINESS WIRE)-- Elray Resources, Inc. (OTCBB: ELRA), through its online gaming and turnkey solution subsidiary Elray Gaming, announced the launch of Elray Mobile to develop a host of mobile products and technologies for the mobile gaming sector.

The Company has launched Elray Mobile for the specific focus on developing and acquiring companies focused on both non-wagering and mobile casino technologies. According to a recent study carried out by mobile device experts Juniper Research, the mobile gambling market is anticipated to be worth more than $100 billion by 2017, which also revealed that mobile gaming is the fastest growing sector in the gambling market as a whole.


Recent Changes in US Gaming Laws

In past few months a number of states, such as Nevada and New Jersey, have implemented new laws making legal online gaming under certain requirements, with a number of other states currently considering relaxation of their current gaming laws as well. On the Federal level an online gaming bill to provide a set standard for the United States as a whole remains in committee, but these recent moves by the state indicates that a set standard in US gaming laws may not be to far off into the future.

Brian Goodman, the CEO of Elray Gaming commented, "With the industry naturally progressing towards mobile gaming, as seen recently with Zynga's announcement to enter the online and mobile gaming sector, it only made sense for Elray Gaming to position itself as a player in the social gaming and mobile casino industry, and will work to develop and acquire operating mobile gaming technology companies to expand its breath, and portfolio."

Share Structure

As of March 6, 2013, the Company had 14,035,037 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 and www.elraymobile.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:

Brian Goodman,
Elray Gaming, Inc.
Phone: (917) 775 9689
Email: Brian@elraygaming.com

Melissa Diaz,
South Street Media, Inc
Phone: (917) 937-8968
Email: info@southstreetmedia.com



Elray Gaming, Inc.
Brian Goodman, 917-775-9689
Brian@elraygaming.com
or
South Street Media, Inc
Melissa Diaz, 917-937-8968
info@southstreetmedia.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Elray Gaming to Develop Mobile Technologies for Online Gaming Sector originally appeared on Fool.com.

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