LAS VEGAS, NV, March 14, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Elray Resources Inc. (OTCPK:ELRA), a developer and licensor of online crypto gaming technology and systems, announced today that it has signed up its first operator, Maxibet Technology NV, and is in the process of completing the operator’s blockchain casino under the brand name Maxibet, licensed in Curaçao and to operated globally.
According to ICON, Crypto payments represent 25% of all online gambling payments and are the fastest growing sector in gaming; and the global cryptogambling industry is predicted to reach $93 billion by 2024 (MBN Market Business News).
“It is clear that the online gambling business has evolved to embrace cryptocurrency, and cryptocasinos have taken a significant share of the worldwide gambling market – a trend that is expected to continue at a rapid pace,” said Elray founder Cathy Feng. “We are extremely pleased with Maxibet’s decision to be the first operator to adopt our crypto-technology gambling platform, with its dynamic content for casino games and sports betting; and we are confident that Maxibet and several online crypto gaming operators using Elray’s turnkey platforms will be very successful and generate significant revenue for themselves and Elray.”
Feng said she expected the Maxibet platform to launch soon, and that the company is currently in discussions with several crypto operators to adopt Elray’s technology. “This is an exciting time as Elray enters the commercial phase of our business. Now that we have a dynamic B2B platform that offers participants great and exciting content, we believe our offerings will be well-received and successful in multiple regions. »
Elray announced in December 2022 that it had entered into an exclusive distribution agreement with Golden Matrix Group (NASDAQ: GMGI) to purchase all game content from GMGI. As a result, gambling platforms created by Elray for Maxibet and other B2B online cryptocasino operators will have world-class gaming content provided only by Golden Matrix.
Elray Resources Inc., based in Las Vegas, owns Blockchain/Crypto gaming technology and will provide online cryptocasinos and cryptogaming technology to online cryptocasino operators.
Feng and GMGI CEO Brian Goodman are related parties, directors of Elray Resources Inc. and Golden Matrix Group Inc.
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Elray Resources Inc.
Contact: Vincent Cai
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