DeClub Macau Would like to build the world's Original blockchain casino
A new venture was formed that could see the introduction of the next generation of casinos. DeClub, a casino management company from Macau, has connected with Malta-based investment firm Wide Rich Global Company to bring blockchain and gambling closer together.
According to a company press release, DeClub indicates that Wide Rich wants to get the gaming business to construct the"world's very first blockchain-based casino gaming hub with completely integrated online and land-based casinos." To fund the purchase, Wide Rich is offering a first coin offering (ICO), that it expects will allow it to attract as much as $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 build a more pan-gambling small business ecosystem collectively, to ensure individuals with varying business requirements — from tourism, to company meetings, to shopping — can all gain simple and cost -effective access to personalized and prestigious services in their mobile devices."
During the ICO, Wide Rich will subject the"DEC" token, giving buyers rights to sponsor and invest in cash lending pools. At the exact identical time, DeClub will offer its unique token, the"NNC," which are stablecoins which can be redeemed so as to cover goods or services at casinos.
Macau has a fairly rigorous anti-ICO policy. The Monetary Authority of Macau prohibits banks and other financial institutions from providing services to some entity at the crypto sector nevertheless, private-sector ICOs aren't included in the ban.
This is not the first time that somebody attempted to combine crypto with casinos. Dragon Corp introduced an ICO at 2017 that sought to raise $500 million to the Dragon Coin, a part of which was to be used to build a more floating casino. Those plans, however, never left it off the pier after the major contractor supported.
There's not any reason to expect this newest project to advance, either. Before this year, Macau's gambling regulator said that cryptocurrency would not be accepted as a way of currency in Macau. If Wide Rich wants to see their job become successful, they will need to find a different location, or risk that the fury of over a few investors when the project stalls.