Casino management company Elray Resources Inc. is buying at least part of an online casino called Golden Galaxy for an undisclosed amount.

Golden Galaxy offers more than 250 casino games online, including blackjack, roulette, baccarat and slots. 

Under the terms of the deal, Elray will initially buy a 25 percent stake in Golden Galaxy, and will purchase additional stakes depending on the gaming company's profit milestones.

In another recent casino deal, earlier in September Eldorado resorts Inc. (Nasdaq: ERI) and MTR Gaming Group Inc. merged. The combined company will operate six casinos.  Before that, in August, Scientific Games Corp. agreed to buy gaming equipment maker Bally Technologies Inc. for about $3.3 billion. 


Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.