Elray Resources, a newly created company, has acquired certain crypto-technology for online casinos from Luxor Capital.
The financial terms of the agreement were not revealed, but Elray–which was established earlier this year and has shares that are traded on the stock exchange–said the technology it would use to enable them to supply crypto-technology systems to online crypto-gaming operators.
Elray Blockchain System, also known as EBS (Elray Blockchain System), will launch its crypto-platform in the next few months.
Golden Matrix deal
Elray also announced that it has reached an agreement for exclusive distribution with Golden Matrix Group. Golden Matrix will provide all content to crypto operators.
Golden Matrix will be the exclusive provider of content for B2B crypto casino software and systems from Elray Gaming’s division.
Golden Matrix Chief Financial Officer Cathy Feng was very positive about the future of cryptocurrency gambling despite Golden Matrix agreeing to the sale of its arm dealing with the sector.
Feng stated that Bitcoin casinos were the most recent trend in online gambling and will be the ones to shape online gambling’s future. Crypto casinos offer many benefits over traditional casino games, including faster payment, better security, and greater transparency.
The best Bitcoin casinos have already attracted hundreds of thousands active players from around the globe. The latest Bitcoin gambling statistics indicate that interest in crypto-gambling is increasing as players choose cryptocurrency for its many benefits.
