Stock Picks
Find By Stock Symbol:
Stock picks every day. Check StockReads
daily for your penny stock picks.
 

ELRA wins lawsuit, market cap $690k

10/4/2013 11:07 AM
Penny Stocks by: WallStreetNewscast

More WSNewscast



Recent Newsletters



Wall Street Newscast Traders Newsletter ~~~~~~~~~~~~~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~

ELRA Wins Lawsuit, to Develop Virtual Horse Racing Platform Market Cap only $690,000 on 23 Million Shares Outstanding (NEW YORK)--Elray Gaming, Inc.(OTC:ELRA), recently filed that they have won and settled their lawsuit with China based Golden Match, which now opens the company up for full push on development of their online gambling platforms.

ELRA Highlights - Launched their First Online Casino - Operating Binary Option Platform - Developing Virtual Horse Racing Platform - To Acquire Mobile Gaming Technologies - Online Gaming Sector in Strong Demand - 23 Million Shares Outstanding - Target Price of $0.15 per share ($3.5 million market cap) Virtual Horse Racing Platform On July 14, 2013, the Elray Gaming entered into an agreement with Virtual Technology Group, LLC to assist in developing, marketing, and supporting their technology of a virtual online horse racing products, and to provide the Company exclusive use right of certain domains.

The horse racing platform will have three options which include fixed odds, sliding fixed odds and pari-mutuel, which enables worldwide deployment with regional preferences.

Each engine calculates the payout based on the engine rule set and odds calculated by the virtual world system. Betting can be accepted as soon as the race is posted, generally 3 days in advance. All betting is closed 10 sec prior to race start when the system calculate the rendering files and sends the animation file to the viewer for the running of the race. This prevents tampering with the odds and payouts.

This method offers the greatest security against any players or bots trying the "beat" the game. The system tracks every bet transaction for each user in "cash" or "play for fun" mode that can be viewed by the player from the web page, or by the operators from the call centre module.

A sample video of the virtual horse racing platform can be viewed at http://www.youtube.com/watchfeature=player_embedded&v=buat30GeYn ~~~~~~~~~~~~~~~~~~~~~~~~~~

About Wall Street Newscast Located in New York City, WallStreetNewscast.com (WSNC) has been providing Wall Street investor presentations for both public and private companies since 1998. WSNC offers a wide-range of services to companies and investor relation professionals to discuss their recent news announcements, earnings reports, and corporate events to a diverse network of individual and institutional investors on Wall Street.www.wallstreetnewscast.com Register online for our free traders newsletter at www.wallstreetnewscast.com/form/newsletter.html ~~~~~~~~~~~~~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~

Safe Harbor Statements:

This investor presentation may include statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

Disclaimer:

This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast ("WSNC") does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was compensated one hundred fifty thousand restricted shares for ongoing media coverage. WSNC may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.

~~~~~~~~~~~~~~~~~~~~~~~~~~

Forward this email
 

See WallStreetNewscast's website for full disclaimer. WallStreetNewscast may have received compensation for stock picks.
Best source for Stock Picks and Penny Stock Picks
Disclaimer | Market Updates