Gaming Record Revenues On The Back Of Steady Quarters Essay

Elray Gaming Reports Record Revenues on the Back of Steady Quarters Elray Resources Inc has announced a record breaking 271% increase in the revenue of its subsidiary, Elray Gaming online gaming and turnkey solutions. The results show a back to back increase in revenues from Quarter to Quarter. According to a PRNewswire report published on 17 2015, revenues for the second Quarter of 2015 were 271% higher compared to those of the first Quarter of 2015. The company also announced that its operating expenses for the second Quarter of 2015 were 33% lower compared to those of the second Quarter of 2014. The CEO of the company, Brian Goodman attributes the recent record earnings run on steady monthly revenue increases that began from the third Quarter of 2014, the report adds. The company also realized additional revenues from large scale reductions in its expenses, thanks to its skilled workers and the unique IP technology system it is implementing. The record breaking earnings come at a time when numerous gambling entities are looking to tap into the promising and fast growing online gambling market segment. Goodman credits the company’s long-term strategy of providing online services through licensed operators in the US and globally, as well as its state of the art gambling technology for its continued stellar growth. The other strategy the company has incorporated into its growth plan is adding VIP gaming promotions and web based applications to its fast growing list ofShow MoreRelatedThe Potential Investment Of Sony Corporation1473 Words   |  6 Pageschoose to make. Sony is a pronounced investment opportunity. Sony Corporation has been around since 1946 and has progressively remained a top manufacturer since their start. I mentioned in a previous letter, looking back as far as five years into Sony’s stock value, it has been fairly steady. 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