27th of August 2013 Author: Glo Wood
Elray Gaming has reached an agreement for virtual horse racing facilities with BetTek SIMTV.
Elray will offer the product to existing gambling operators.
The SIMTV betting engine will give users fixed odds, sliding fixed odds and pari-mutuel making it usable across the world.
The moment race is posted, wagers may be accepted which may be up to 7 days in advance and will no longer be accepted 10 seconds before the race begins. It's at this time the system calculates the result creating a file for the user to open and view a virtual race action.
Brian Goodman, the CEO of Elray Gaming said Monday:
"This is a valuable and unique product and there is no doubt that the product will be embraced by social gamers, online casino players, kiosk operators and sports betting operators.
"SIMTV has created a real-time virtual world strictly focused on a horse racing betting platform. For either cash bets in areas where available, or as 'play for fun' mode, we feel this product could become very popular among horse racing enthusiasts. In addition to development, we will seek out current holders of land-based horse track racing licenses to partner with, and if possible this could be a virtual racing game in betting parlours, or bars."
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