Updated: June 23, 2020

Overwhelming blockchain casino club to raise $1 billion in Macau

Macau, known as one of the world’s top destinations for gambling, is about to further raise its game as an international company is working on a billion-dollar ICO to build the world’s first ever blockchain-based casino gaming club in the island.

Wide Rich Global Company, an investment venture based on Malta (yet another blockchain friendly island), announced their plans to purchase the local casino services and technology company Declub International Company Limited of Macau (DeClub Macau) and incorporate several land-based casinos in the region to establish a world-class blockchain-based casino club, according to a report from Macau Business.

The company asserts that the blockchain technology will upgrade land-based casinos’ efficiency and security and allow for a new decentralized iGaming experience.

According to the project’s whitepaper:

“We leverage blockchain technology to manage all players information to achieve casino information sharing with guaranteed privacy and security information. Even if the players are scattered in different casinos, they can enjoy the ultimate casino gaming experience thanks to real-time synchronization of information.”

This is a textbook implementation of the decentralized ledger technology on the gaming business, a topic we have extensively covered before.