Elray will seek to exhibit the product at the Asian Gaming Show on the 20th May being held in Macau. www.G2EAsia.com Macau is the hub of the world's most rapidly expanding gaming market and plays host to the gaming industry's leading edge companies and professionals.
Brian Goodman, the CEO of Elray Gaming Inc. commented, "We are now confident that the SimRacing IP recently acquired by Elray, has considerable value and our focus is currently on deploying the product into the lucrative Asian market."
"The global gaming industry is poised for another record year, with Asia leading the way once again. Asia is the world's largest and fastest growing gaming market and a driver of a significant portion of worldwide revenue. Horserace betting is one of the largest gambling industries in Asia. The Hong Kong's Jockey Club contributes 11.7% of Hong Kong's tax revenue and the organization is the largest taxpayer in Hong Kong, as well as the largest private donor of charity funds, contributing an average of over HK$1 billion (approximately US$130 million) annually over the past ten years."
Elray will work to deploy this virtual betting platform through joint ventures with licensed gaming operators, licensing agreements, and potentially have this real time virtual betting game in such places as casinos, betting parlors, and sports bars."
About SimRacing
The SimRacing platform was built in conjunction with horse owners, breeders, trainers, jockeys, handicappers and patrons of horse racing.
The unique user experience is unmatched by any other virtual game on the market offering Real-time 3D texture-rich animated races
The SimRacing virtual world is the heart of the game. Elray has re-created the world of live horse racing down to every element from breeding, bloodlines, speed rating and track conditions adding an element of skill and this all resulting in an engaging real life experience.
SimRacing has over 7 years of history including 400,000 horses that have been bred through the characteristic profiling and historical performance of the parents and grandparents. The virtual blood-lining process ensures that horses are unique by taking on the running style and characteristics bred into them by their virtual parents. Some horses will be afraid of the getting to close to the rail, some will lead the race and the fall off, while others will come from behind. All of the excitement you expect to see in live horse racing. Based on these bloodlines and work outs, horses gravitate to different classes that they will compete in, moving up or down in class depending on their race results. This promotes organic behaviour and produces a real horse racing experience
As of March 14, 2014, the Company has approximately 51,381,487 common shares issued and outstanding.
GLTA!
