Maltese investments firm, Wide Rich Global Company, is expecting to bring in up to $1 billion through a virtual currency first coin offering (ICO) so as to establish Earth ’s blockchain-based casino gaming club in Macau.
Involves purchase of DeClub International Company Limited:
Based on reports by the Macau News Agency and CalvinAyre.com, Wide Rich Global Company stated that it expects the fundraising campaign will allow it to purchase Macau-headquartered professional mass-gaming membership management services provider DeClub International Company Limited before acquiring a neighborhood junket operator permit and at least one land-based casino.
Online and land-based integration:
From there, the firm declared that it needs to start the ‘planet ’s blockchain-based casino gambling hub’ in the former Portuguese enclave including ‘fully integrated online and land-based casinos. ’ It also clarified that it’s expecting to use decentralized blockchain technology in order to update the player database currently held by DeClub International Company Limited.
Reluctantly read a statement from Wide Rich International Company…
“We will first offer a reasonable, transparent and borderless tokenized casino gambling system for all gaming players where everyone can enjoy VIP support and find the best casino experience. We leverage blockchain technology to manage all player information to achieve casino information sharing with guaranteed privacy and security information. Even if the players have been scattered in different casinos, they may enjoy the greatest casino gambling experience thanks to real-time synchronization of information. ”
Wide Rich Global chose to establish its endeavor in Macau after first considering the jurisdictions of South Korea, Singapore, Curacao along with also the Philippines. Its ICO is set to demand the issuance of up to 20 billion ‘DEC’ tokens tied into the Ethereum crypto-currency that will give owners the right to host, refer and invest in the project’s money lending pools.
Coins to be available from November 15:
The investments firm allegedly detailed it has scheduled a token pre-sale from November 15 with 35.5percent any funds received due to be set aside for the purposes of acquiring a Macau junket permit and up to three land-based casinos. Regarding the rest amount, it purportedly explained that some 18.5% is to be utilized for management functions with a further 10% for the purposes of creating a market.
Reluctantly read a statement from Wide Rich International Company…
“The tokenization of processors, casinos and their surrounding entertainment providers will be able to build a pan-gambling small business ecosystem together so that people with varying business demands from tourism, to business meetings, to purchasing can gain easy and affordable access to customized and prestigious services on their mobile devices. ”
Experienced advisory board:
For its part, DeClub International Company Limited was launched in 2017 by Kennis Wong, the former Chief Executive Officer for Macau junkets firm Jimei International Entertainment Group Limited, also expects to have some 700 gaming tables beneath its management at the end of next year. The venture ’s advisory board moreover purportedly includes Paddy Fung Kwok Hung in South Shore Holdings Limited, that is responsible for its recently-opened The 13 hotel, and it’s going to be complementing the ICO by providing its own ‘NNC’ stable-coin tokens for buying goods and services.
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