Elray Gaming, the online gaming and turnkey solution subsidiary of Elray Resources Incorporated, has launched its proprietary virtual horse racing product.
SimVRacing, a virtual thoroughbred horse racing product, is now live, with races taking place every four minutes at four different race tracks.
Elray has developed the technology and owns the intellectual property of the product, having completed the acquisition of the SimRacing platform from BetTek in April.
“We have worked tirelessly to reach this stage,” Elray chief executive officer Brian Goodman said.
“Elray has recreated the world of live horse racing down to every element from breeding characteristics, classifying, speed rating and track conditions and there can be no doubt that this unique technology and I.P. that Elray owns is of sizeable value and as a result will add value to Elray as a whole.
“Whilst US residents cannot place real money bets on the SimVRacing Virtual Horseracing product, we are already negotiating distribution agreements with two large multinational licensed gaming operators in the Asia-Pacific and this will result in considerable revenues to Elray.”
source : www.igamingbusiness.com