Elray Resources Inc (ELRA)

[NathanH]

MANILA, HONK KONG, ASIA! SCAM CANT PROVE NONE OF THIS BULLCRAP! RUN FOR THE HILLS!


NEW YORK, Oct 28, 2014 (GLOBE NEWSWIRE via COMTEX) -- Elray Resources Inc. (OTCPK:ELRA) trading as Elray Gaming announced today that wagering in one of its JV Licensed Live Dealer Casino Facilities in Manila has already surpassed 10 Million USD for the month of October.
Brian Goodman, CEO stated that, "This is very encouraging as Elray has recently overcome some technical challenges in delivering the product into Asia and the encouraging and incremental wagering is as a result of the system now being stable and highly competitive in the world's largest gaming arena - Asia. The expected yield of the live studio is around 2.5% of wagering and the facilities are highly scalable. Elray will shortly roll out additional Asian facing gaming products including a new fully integrated E-store and exclusive VIP club specifically targeting the Chinese market and in addition to gaming will also offer high ticket branded fashion and electronic items."


NEW YORK, Sep 22, 2014 (GLOBE NEWSWIRE via COMTEX) -- Elray Resources Inc. (OTCPK:ELRA) trading as Elray Gaming announced today that it has finalized a Master Software Reseller Agreement with Moorgate Commercial Limited.
In terms of this agreement Elray Gaming will be permitted to Resell and Operate the Playtech Ltd. Gaming Software in Asia.

NEW YORK, Aug 08, 2014 (GLOBE NEWSWIRE via COMTEX) -- Elray Resources Inc. (OTCBB:ELRA) announced today that it has Entered into a Definitive Stock Purchase Agreement.
Elray Resources Inc., has completed the sale of 10,000,000 shares of common stock at a price of 3 cents per share. The Share Purchase Agreement has been concluded with a Strategic Asian Partner, Longma Holdings Limited. Longma is a Hong Kong Company.

As a result of the closing of this transaction, $300,000.00 in cash will be paid to Elray.

The parties to the Transaction have agreed to work together in developing Elray's Technology and Gaming business in Asia.

Neither the Company nor any of its affiliates have a material relationship with the Purchaser, other than in respect of the Purchase Agreement.

NEW YORK, Aug 04, 2014 (GLOBE NEWSWIRE via COMTEX) -- Elray Resources Inc. (OTCBB:ELRA) announced today that it has launched its Proprietary Virtual Horse Racing Product.
The Races are now live and are racing every four minutes at 4 different race tracks.

Elray has developed the Technology and owns the Intellectual Property.

A promotional video can be seen at http://simvracing.com/promo

US residents can also visit www.simvracing.com and register a trial account and place fantasy bets on the Live Races that are running every 4 minutes.

SimVRacing is a virtual thoroughbred horse racing experience based with such realism that it is sometimes hard to believe that it is a game. SimVRacing was built with the input and advice of horse owners and breeders, trainers, jockeys, handicappers and of course the patrons of horse racing.

SimVRacing uses a proprietary method for delivering the race content, which minimizes bandwidth requirements and prevents reverse engineering of the race results.

Brian Goodman, CEO stated that, "We have worked tirelessly to reach this stage. Elray has re-created the world of live horse racing down to every element from breeding characteristics, classifying, speed rating and track conditions and there can be no doubt that this Unique Technology and I.P. that Elray owns is of sizeable value and as a result will add value to Elray as a whole.

Whilst US residents cannot place real money bets on the SimVRacing Virtual Horseracing product, we are already negotiating distribution agreements with two large multinational Licensed Gaming Operators in the Asia Pacific and this will result in considerable revenues to Elray.""This is a very lucrative market, the Global Online Gaming Market is estimated at 39 Billion US Dollars and expected to sustain strong growth"