DeClub Macau wants to build the world’s first blockchain casino

A new venture has been formed that will observe the introduction of the next generation of casinos. DeClub, a casino management company out of Macau, has linked with Malta-based investment company Wide Rich international organization to deliver blockchain and gambling closer together.

According to a company press release, DeClub indicates that Wide Rich wants to purchase the gaming business to build the »world’s first blockchain-based casino gaming hub with fully integrated online and land-based casinos. » To finance the purchase, Wide Rich is supplying a first coin supplying (ICO), that it hopes will allow it to draw up to $1 billion.

At a white paper regarding the project, Wide Rich countries, »The tokenization of processors, casinos and their encompassing entertainment service providers are going to be able to build a more pan-gambling small business ecosystem together, so that individuals with varying business needs — in tourism, to company meetings, to shopping — can all gain easy and cost -effective access to personalized and prestigious providers in their mobile devices. »

During the ICO, Wide Rich will subject the »DEC » token, giving buyers rights to host and put money into cash lending pools. At exactly the identical time, DeClub will offer its unique token, the »NNC, » that are stablecoins that can 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 industrynonetheless, 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 in 2017 that sought to raise $500 million for its Dragon Coin, a part of that was to be used to build a more floating casino. These plans, but never left it off the pier after the main contractor supported.

There’s not any reason to expect this latest project to advance, either. Earlier this season, Macau’s gaming regulator said that cryptocurrency wouldn’t be accepted as a way of money in Macau. If Wide Rich needs to see their job become successful, they’ll need to discover a different place, or risk the fury of more than a few investors once the job stalls.