diciembre 1, 2017 | Posted in:Blog

DeClub Macau Would like to build the world’s first blockchain casino

A new venture was formed that will see the introduction of the next generation of the casinos. DeClub, a casino management company from Macau, has connected with Malta-based investment company Wide Rich international Company to bring blockchain and gaming closer together.

According to a company press release, DeClub suggests that Wide Rich wants to buy the gaming company to construct the»world’s first blockchain-based casino gaming hub with completely integrated online and land-based casinos.» To finance the purchase, Wide Rich is supplying an initial coin supplying (ICO), which it expects will allow it to attract up to $1 billion.

In a white paper about the undertaking, Wide Rich states,»The tokenization of chips, casinos and their neighboring entertainment service providers are going to be able to construct a pan-gambling small business ecosystem collectively, to ensure individuals with varying business needs — from tourism, to company meetings, to shopping — can all gain simple and cost -effective access to personalized and prestigious providers on their mobile devices.»

Throughout the ICO, Broad Rich will issue the»DEC» token, giving purchasers rights to sponsor and put money into cash lending pools. At exactly the same time, DeClub will offer its unique token, the»NNC,» which are stablecoins that may be redeemed so as to cover goods or services at casinos.

Macau has a rather strict anti-ICO policy. The Monetary Authority of Macau prohibits banks and other financial institutions from providing services to any entity at the crypto industry; however, private-sector ICOs are not included in the ban.

This isn’t the first time that somebody attempted to unite crypto with casinos. Dragon Corp introduced an ICO in 2017 that sought to raise $500 million because of the Dragon Coin, a part of which was to be used to build a floating casino. Those plans, but never made it off the dock after the major contractor backed out.

There’s no reason to anticipate this newest project to progress, either. Before this year, Macau’s gambling regulator said that cryptocurrency wouldn’t be accepted as a way of money in Macau. If Broad Rich needs to see their job achieve success, they will need to find a different place, or risk the fury of more than a few investors once the job stalls.

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