NEW YORK, 15 December 2011 (BUSINESS WIRE) - Elray Gaming (otc.bb: ELRA) announced effective today that it has moved to a purchase agreement to acquire all the issued and outstanding shares of Split Rock and the BVI. The amended Agreement will result in Elray Resources only certain assets Split Rock.
Notification after the 669 718 shares delivered to Peru and Elray. It is expected that the special stock dividend previously announced, the Elray shareholders received one share Goldmine Resources Plc for each ten shares held Elray be completed in January.
Brian Goodman, Elray and CEO, said "significant and positive changes that are currently on-line gaming industry, with many countries now use the provisions to allow online gaming in their jurisdiction. This opens up opportunities for companies that are legally sold in these jurisdictions to apply for the online gaming licenses, and these firms to sell intellectual property and services for land based casinos, state lotteries, and a third-party online gaming sites that try the online gaming market. a result of these positive developments, Elray intends to market entrants. Elray plans to acquire, develop and license technology to become a licensed gaming technology provider in this lucrative market. Elray aims to provide a turnkey environment provides the latest gaming platform, BOB slot machines and table games. domain knowledge that we have developed the last eight years Augers very success in the market. "
Elray will also be marketing social networking applications, and bingo will be available in due course. Initially Elray focuses on the international market outside the United States, but will continue to build infrastructure in the United States and develop relationships with land, riverboat and tribal casinos in anticipation of changes in the law in the United States.
Article Source:- http://www.marketwatch.com/story/elray-gaming-finalizes-acquisition-of-splitrock-gaming-assets-2011-12-15
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