Elray Resources has announced that its Elray Gaming online gaming and turnkey solutions subsidiary was able to post record revenue during the first half of the year.
Revenue in the first two quarters of 2015 was up 271% on a year-on-year basis compared to the first half of last year.
Elray also noted that operating expenses for the second quarter of this year have been reduced by 33% in comparison with the amount spent in the same period in 2014.
Chief executive Brian Goodman said: “Elray has continued to achieve record double-digit revenue increases month-on-month since the third quarter of 2014.
“This last quarter, Elray achieved an increase in revenues of over 271% coupled with a 33% reduction of operating expenses when comparing Q2 2015 to Q2 2014, both of which are excellent achievements.
“Elray’s additional revenues and the reduction of operating expenses are as a direct result of its continuing recognition in the industry backed by its unique IP/Technology and a skilled team.
“The company in recent months has continued to focus on new and emerging markets and the result is solid growth. Elray will continue to offer its services in this lucrative market and provide its ‘state-of-the-art’ technology to licensed operators.”
source : www.igamingbusiness.com
