Elray acquires online casino crypto technology

Alongside the acquisition, the Las Vegas-based firm also obtained the Golden Matrix Groups' exclusive gaming content.

Developer and licensor of online gaming technology Elray Resources has announced its acquisition of online casino crypto technology from Luxor Capital.

The move will see Elray build and supply full turnkey crypto technology systems to online crypto gaming operators.

The Elray Blockchain System (EBD) crypto platform is expected to launch in the next few months.

In addition to the acquisition, Elray also announced it has come to an exclusive distribution agreement (EDA) with Golden Matrix Group to obtain the company’s gaming content.

In doing so, Elray’s B2B online crypto casinos and technology will feature content provided exclusively by Golden Matrix.

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.

Golden Matrix Group CFO Cathy Feng said: “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”.

Crypto gambling has peaked in popularity over the last year, with the latest gambling statistics showing that the number of crypto gamblers is steadily on the rise.

By 2024, The global crypto gambling industry is predicted to reach $93bn, according to Market Business News.

“Crypto gamblers place 337 bets every second, 60% of all Bitcoin transactions are related to gambling”, continued Feng.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam


Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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