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Elray Resources Acquires Casino Crypto Technology

Elray Resources

Elray Resources, a developer and licensor of online gaming technology and systems, has officially announced that they have acquired Online Casino Crypto Technology, from Luxor Capital LLC, per an official release.

The crypto platform, branded as EBS (Elray Blockchain System), is expected to launch in the coming months.

“Bitcoin casinos are now one of the latest trends in the online gambling industry and they will shape the future of online gambling as we know it” Cathy Feng, CFO, said in the statement. “Crypto Casinos have many advantages over traditional casinos, such as faster payments, improved security, and better transparency. Some of the best Bitcoin casinos on the market already have hundreds of thousands of active players hailing from all corners of the world.”

“Some interesting Casino Stats, that you should be aware of, the global casino industry is worth over 231 billion dollars [2], since 2014, players have wagered more than 5.4 Billion Dollars in Bitcoin, Crypto gamblers place 337 bets every second, 60% of all Bitcoin transactions are related to gambling. The latest Bitcoin gambling statistics show that the interest in crypto gambling is on the rise as players continue to choose cryptocurrencies for the many advantages that they offer.”

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