Crypto Gaming Developer Elray Resources to Launch Kings of Sport Casino
by Oskar Trotman
The crypto gambling industry is on the brink of a new partnership after Elray Resources, developer of blockchain gaming technology, announced on Tuesday (November 28th) a joint project with Kings of Sport. The new collaboration aims to establish Kings of Sport Casino, a new crypto platform. The rumored plans are for the new platform to cater to players from 15 countries and operate under a Curacao license.
The announced collaboration makes sense, considering the chosen partner, Kings of Sports (KOS) possesses a large membership base. Additionally, Elray Resources can benefit from KOS’ brand recognition to attract new players or introduce existing sports bettors to immersive casino games.
On Elray’s side of the partnership, the contributions include innovative crypto casino technologies and a single wallet solution for players to use for crypto and fiat transactions.
The new partnership is a product of Elray’s determination to stay on the edge of technological development and profit from the huge potential of crypto and online casinos.
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.