Elray Resources, Inc has announced a record breaking 271% increase in the revenue of its subsidiary, Elray Gaming online gaming and turnkey solutions. The results show a back to back increase in revenues from Quarter to Quarter. According to a PRNewswire report published on 17 2015, revenues for the second Quarter of 2015 were 271% higher compared to those of the first Quarter of 2015. The company also announced that its operating expenses for the second Quarter of 2015 were 33% lower compared to those of the second Quarter of 2014. The CEO of the company, Brian Goodman attributes the recent record earnings run on steady monthly revenue increases that began from the third Quarter of 2014, the report adds. The company also realized additional revenues as a result of large scale reductions in its expenses, thanks to its skilled workers and the unique IP technology system that it is implementing.
The record breaking earnings come at a time when numerous gambling entities are looking to tap into the promising and fast growing online gambling market segment. Goodman credits the company’s long-term strategy of providing online services through licensed operators in the US and globally, as well as its state of the art gambling technology for its continued stellar growth. The other strategy the company has incorporated into its growth plan is adding VIP gaming promotions and web based applications to its fast growing list of services. In January 2015, Elray Resources, Inc announced that it was starting a new VIP unit called “The Ruby Experience”, which it will use to target high net-worth personalities with interest in gaming, entertainment and nightlife. The VIP concierge services will include; VIP hotel reservations, corporate event planning, hosted admission to nightclubs, pool club hosting as well as VIP hosting of high roller gamblers among other special treats. The new business strategy incorporating VIP gaming promotion is already being implemented in a number of casinos including New York, Las Vegas and Miami and is generating revenue for the company.
Elray Resources is also focusing a lot of its attention to new territories around the world in order to grow its business and revenue base. Since its founding in 2011, the company has broadened its reach by introducing a VIP gaming promotion, virtual software development and new casino management across Europe, Asia and Africa. In line with its growth projections, Elray Gaming announced at the start of the year that it was acquiring more interest in Golden Galaxy Casino. Golden Galaxy Casino is an established online casino with various licensed operations around the world. The additional 23% stake Elray Gaming acquired brought its stake in Golden Galaxy Casino to 49 percent. In 2014, Golden Galaxy Casino generated more than $8 million in revenues and registered slightly over 24,000 new players. The state of the art games offered at the casino number over 250, they include; Slots, Roulette, Baccarat and Blackjack.
To strengthen its IR and communications agency, Elray Resources Inc announced in July 7, 2015 that it was appointed Synergy Business Consultants to lead its IR and financial communications departments. According to sources at Elray Gaming, the company was impressed by Synergy Business Consultant’s experience to communicate in a strategic and consistent manner. The consultancy is led by Richard Severson, the company president. Severson has built a great reputation in the gambling industry, in both corporate and agency environments. He boasts an impressive 15 years of experience in diversified financial and communication sectors. Elray made this announcement at the backdrop of a steady increase in its revenues and great reductions in its overall debt portfolio. The company believes the fiscal discipline measures it is currently implementing coupled with positive communication on the progress it is making will go a long way to positively impact its growth prospects.
Elray gaming is an established gaming outfit that was founded by a cabal of successful casino marketing specialist in 2011. The grouped identified an opportunity in the gambling industry for professionals and qualified consultants. The company’s has a global outlook with operations in the USA, Macau, Curacao, London and Sydney. The gambling outfit also owns and licenses Gaming Intellectual Property, Player Databases, Gaming Domains and Trademarks. Elray Gaming has performed well over the years because of its wide pool of experts and the principal of business integrity and confidentiality that it espouses in carrying out its business operations. Elray Gaming’s mission is ensuring faster, long-term business relationship with clients, respecting clients and delivering the best value a client’s dollar can buy. The strategy also involves providing great infrastructure for business and developing sound marketing plans and promotions with clearly defined goals.
The experienced hands working at Elray gaining are well-versed with the happenings in the gambling world, from casino operations, gaming and media acquisitions to sales and marketing. To ensure business accountability and confidentiality, Elray Gaming takes full accountability for every consulting job it assumes on behalf its customers. Elray Gaming uses a sophisticated software system to protect its systems as well as players. To do this, the system automatically declines any gaming requests emanating from illegal gaming jurisdictions inside and outside its existing markets. To ensure compliance, all the company’s operations, adhere strictly to laid-down US Unlawful Internet Gambling Act of 200 and other rules and regulations governing all its areas of operation. It is important to point that regulations relating to online gaming differ from one jurisdiction to the other.