Elray Resources and Kings of Sport announce strategic joint venture to establish Kings of Sport Casino

Elray Resources Inc.

LAS VEGAS, NV, Nov. 28, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Elray Resources Inc. (OTCPK:ELRA), a developer and licensor of online crypto gaming technology and systems, today announced that it has entered into a strategic joint venture with Kings of Sport (KOS) to launch Kings of Sport Casino, located in Curacao is licensed and is expected to operate in 15 countries worldwide.

The casino will integrate Elray’s innovative crypto casino, sports betting technology and exciting gaming content to provide customers with a single wallet solution for using cryptocurrencies and traditional currencies in sports betting markets and online casinos. This collaboration not only provides a comprehensive gaming experience to members of KOS’s extensive sports and entertainment network, but also creates a platform to build brand awareness in untapped markets, facilitated by partnerships with leading sports franchises and global brands.

The crypto casino market is witnessing exponential growth driven by factors such as increasing cryptocurrency adoption, increased security measures, and growing demand for decentralized financial transactions. According to Allied Market Research, “The global blockchain in gaming market was valued at $4.9 billion in 2022; And

MarketWatch reported that “the global casino market, estimated at $157.5 billion in 2022, is expected to grow to $224.1 billion by 2030, at a consistent annual growth rate of 4.5% in the period from 2022 to 2030.”

The joint venture with Kings of Sport reflects Elray’s commitment to being at the forefront of technological advancements in the gaming industry and leveraging the enormous potential offered by the interface between crypto and online casinos. By partnering with KOS, it also provides Elray with extensive opportunities to expand its brand recognition in new markets and gain access to top-tier sports franchises and global brands.

Elray Resources Inc. owns blockchain/crypto gaming technology and provides online crypto casinos and crypto gaming technology to online crypto casino operators.

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Elray Resources Inc.
Contact: Vincent Cai
Email: [email protected]