No Definite Launch Date
There is no official launch date for the new King of Sports Casino, nor a clarification if it will be a separate platform, considering that the present Kings of Sport incorporates a sportsbook and a casino. The announcement only outlined the goal of the joint ventures.
However, this will not be the first time Elray Resources entered into a crypto casino project. In March 2023, the company announced it signed a deal with Maxibet Technology N.V. to create a blockchain casino under the Maxibet brand. The promised blockchain platform is now active and operates globally, offering casino games and sports betting.
The Las Vegas-based blockchain gaming company has built up its portfolio intensively in the past couple of years. Efforts got ramped up in December 2022 when Elray Resources entered into an exclusive distribution deal with Golden Matrix Group for its gaming content. The strategic move enabled the company to prepare for the launch of crypto casinos such as Maxibet and Kings of Sports and other B2B online crypto operators, which can benefit from top-tier gaming content.
The Crypto Casino Market Promises Exponential Growth
Crypto gambling is still in its infancy, with reliable data from 2022 showing that this industry segment has generated $4.9 billion in revenue. However, the crypto gambling market is experiencing rapid growth thanks to the increased adoption of cryptocurrencies.
Tokens are an efficient and secure payment method, perfectly aligning with players' and operators' priorities. Blockchain is maturing in parallel to online gambling, opening the possibility for a mutually advantageous intersection between the two industries.
Elray Resources is one of the companies working to provide an impetus for the future development of the industry by supplying solutions for different online e-commerce companies but also offers marketing and consulting services for online gaming brands. The company has created a modular crypto iGaming platform, and its crypto iGaming solutions are used by over 30 providers.