Brian Goodman's Elray Resources branching out but share price lags
Former Australian RTG online casino operator Brian Goodman's online gambling business Elray Resources is looking at new verticals in the industry, although its share price has lagged in recent weeks, reports the publication Micro Cap Insider.
Elray owns and licenses gaming intellectual property, gaming domains, trademarks and player databases and is registered in the United States, with offices in London, South Africa, Sydney and Curacao.
The company says that its software automatically declines any gaming requests from within the United States, in strict compliance with current US law.
The OTC listed group experienced a surge of interest at the beginning of 2015 when it claimed that live dealer wagering deposits at Manila properties in which it holds an interest had exceeded $10 million in October 2014, although that attention has apparently since waned.
Elray has a 25 percent partnership interest in AsiaLink, which recently signed three new online casino operators who claim to have attracted 8,000 new players within the last few weeks, who have wagered Chinese Yuan Renminbi 8 million (just over US$1 million).
One of the new online verticals that Goodman is reportedly exploring is lotteries. Elray recently announced that it had acquired lotterydomain.com, a reseller of the Oz Lotteries System, which operates under strict government supervision and is the exclusive online agent for the government licensed NSW Lotteries, run by Tatts Group Limited in Australia.
Goodman says Elray plans to build the business and add further licensed lottery products, enabling the sale of lottery tickets across smartphones, tablets and computers through websites and mobile apps. The Lottery market is a rapidly growing market and is expected to continue growing based on evidence in other countries where the percentage of lottery customers playing online has reached 30 percent.
Online Casino News Courtesy of Infopowa