The gambling industry has always been a very profitable endeavor, and perhaps one of the oldest businesses that exists. However, many companies have used this ageless model to capitalize on a much more recent money maker. The internet. ElRay Resources, Inc. (OTC: ELRA) otherwise known as ElRay Gaming is one that stands out among the rest. Previously known as Splitrock Ventures before changing its name according to the reverse merger done with ElRay Resources, it has come quite a ways from its old stomping grounds.
Still Based in the British Virgin Islands and operating 3 different gambling websites, this company is growing even faster than the executive cabinet expected. A 51% greater than expected income increase has been reported recently by measure of over $11 million wagered in just the Month of November alone. www.goldengalaxy.com saw a good portion of the wagers and finished the month bordering on 60% greater than their expected return. ElRay CEO states, “Overall the results have been very encouraging and we will strive to maintain the growth and performance of these casino businesses.”
It is also very common that the Penny Stock Market otherwise known as the Micro-Cap Market is a bit of a betting game itself. This company, though casino based, is not necessarily a gamble. Undergoing the typical fluctuations of a stock recently merged, the time to buy is sooner than later. With high volume and liquidity within the company despite its status as a triple-zero stock, the market is sure to catch up to such a fast moving company in a fast moving market very quickly.
Safe Harbor Statement:
Matters discussed in this Editorial contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company’s identity protection software products into various channels and market sectors, the issuance of the company’s pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
[stock-tools exchange=”NASDAQ” symbol=”ELRA” image_height=”120″ image_width=”200″]