Elray Resources, a developer and licensor of online crypto gaming technology, has entered into a strategic joint venture with Kings of Sport.
Elray Resources provides blockchain/crypto gaming technology, provides online crypto casinos and crypto gaming technology to online crypto casino operators.
Through this deal, the Kings of Sport Casino will be launched, which is licensed in Curaçao and expected to operate globally in 15 countries.
The casino is set to incorporate Elray’s crypto casino, sports betting technology and gaming content to provide a single wallet solution to its customers.
The developer highlights how much growth is currently taking place at the moment in the crypto casino market, owing to factors such as the increased number of operators accepting cryptocurrencies, improved security measures and the growing demand for decentralized financial transactions.
Elray Resources also mentions that the “joint venture with Kings of Sport reflects Elray's commitment to being at the forefront of technological advancements in the gaming industry and capitalizing on the tremendous potential offered by the intersection of crypto and online casinos.
"In partnering with KOS, it also gives Elray extensive opportunities to build its brand recognition in new markets and gain access to high-level sports franchises and global brands."
In other news today, Western Copper and Gold Corporations has agreed to invest another CA$6M (US$4.4m) through an investor rights deal with Rio Tinto Canada, with the pair continuing to partner on the company’s casino project in Yukon.
