Replies to post #53129 on Elray Resources Inc (ELRA)

[trade4money]

True. All things considering O/S is relatively low. We have an idea about revs 4 the horse racing but I am curious about the new lotto site.

Est horse racing revs >

http://www.advfn.com/news_Elray-Gaming-Wagering-Exceeds-10-Million-Dollars_64195149.html

The expected yield of the live studio is around 2.5% of wagering and the facilities are highly scalable.

http://www.advfn.com/news_CEO-s-Letter-to-Shareholders_63650455.html

The JV has resulted in gaming revenues (Wagering) of greater than $68,000,000 over a 45 Day period and average of over 1.5 Million USD per day and a day high of $9,296,568 USD

est. Gross > $1,500,000 x .025 x 90 days = $3,375,000