DeClub Macau Would like to build the world’s Earliest blockchain casino
A new partnership has been formed that may see the introduction of the next generation of all the casinos. DeClub, a casino management firm from Macau, has linked with Malta-based investment company Wide Rich worldwide Company to bring blockchain and gambling closer together.
According to a company press release, DeClub indicates that Broad Rich wants to purchase the gaming business to build the”world’s first blockchain-based casino gaming pulse with completely integrated online and land-based casinos.” To finance the purchase, Broad Rich is offering a first coin offering (ICO), that it hopes will allow it to attract up to $1 billion.
In a white paper regarding the project, Broad Rich states,”The tokenization of chips, casinos and their neighboring entertainment service providers are going to be able to build a pan-gambling business ecosystem collectively, to ensure individuals with varying business needs — in tourism, to company meetings, to shopping — can all gain simple and cost -effective access to personalized and prestigious services on their mobile devices.”
During the ICO, Wide Rich will subject the”DEC” token, providing purchasers rights to host and put money into cash lending pools. At the identical time, DeClub provides its token, the”NNC,” which are stablecoins that may be redeemed so as to cover goods or services at casinos.
Macau has a rather rigorous anti-ICO policy. The Monetary Authority of Macau prohibits banks and other financial institutions from providing services to any entity at the crypto sector nevertheless, private-sector ICOs are not included in the ban.
This isn’t the first time that someone tried to combine crypto together with casinos. Dragon Corp introduced an ICO at 2017 that sought to raise $500 million because of the Dragon Coin, part of that was to be used to build a floating casino. These plans, however, never made it off the dock after the principal contractor supported.
There is no reason to expect this latest project to progress, either. Earlier this year, Macau’s gambling regulator stated that cryptocurrency wouldn’t be accepted as a way of currency in Macau. If Broad Rich wants to see their project become successful, they will have to find a different location, or risk the fury of more than a few investors when the job stalls.