Elray Resources launches new global crypto casino site
Elray Resources has announced it will be launching a new crypto casino site in more than a dozen countries around the world.
The company, which develops and licenses online crypto gaming technology and systems, has teamed up with Kings of Sport (KOS) for the new joint venture.
Kings of Sport Casino is aiming to launch in 15 different nations and will be licensed from Curacao, ensuring it is a safe and legal crypto casino site.
“The joint venture with Kings of Sport reflects Elray’s commitment to being at the forefront of technological advancements in the gaming industry and capitalizing on the tremendous potential offered by the intersection of crypto and online casinos,” said a press statement from Elray..
“In partnering with KOS, it also gives Elray extensive opportunities to build its brand recognition in new markets and gain access to high-level sports franchises and global brands.”
Crypto casino usage has been rocketing around the world in the past few years, with the growth in popularity initially being partly down to the COVID-19 pandemic closing bricks and mortar casinos. With many players getting used to playing online instead, crypto casinos arrived to fill the gap with their users not needing to share financial or personal information with the sites.
Market research indicates that the casinos industry should expand at a compound annual growth rate of around 4.5% between 2022 and 2030. According to data from Allied Market Research, the sector could be worth $224.1 billion by 2030, up from $157.5 billion last year.
Elray Resources has yet to confirm the countries in which it will be launching the Kings of Sport casino site, which is promised to give players an immersive gaming experience, but its existing platform already boasts a range of more than 10,000 casino games. Providers such as Play’n GO, Microgaming and NetEnt supply games to the platform offered by Elray Resources.
The move from Elray Resources to launch the new Kings of Sport site comes after the company acquired online casino crypto technology from Luxor Capital in December 2022.
Elray also came to an exclusive distribution agreement with virtuals supplier Golden Matrix Group as part of its creation of a new crypto platform that it named Elray Blockchain System.
In March 2023, Elray then teamed up with its first gambling operator, Maxibet Technology, as part of its continued focus on the casino industry for the growth of the company in the future.
