Maltese investments firm, Wide Rich Global Company, is hoping to bring in up to $1 billion via a virtual currency initial coin offering (ICO) in order to establish the planet’s first blockchain-based casino gaming club in Macau.

Involves purchase of DeClub International Company Limited:

According to reports from the Macau News Agency and, Wide Rich Global Company stated that it hopes the fundraising campaign will allow it to purchase Macau-headquartered professional mass-gaming membership management services provider DeClub International Company Limited before acquiring a local junket operator license and at least one land-based casino.

Online and land-based integration:

From there, the firm declared that it wants to launch the ‘world’s first blockchain-based casino gaming hub’ in the former Portuguese enclave featuring ‘fully integrated online and land-based casinos.’ It also explained that it is hoping to utilize decentralized blockchain technology in order to upgrade the player database currently held by DeClub International Company Limited.

Reportedly read a statement from Wide Rich Global Company…

“We will first provide a fair, transparent and borderless tokenized casino gaming platform for all gaming players where everyone can enjoy VIP service and get the ultimate 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 are scattered in different casinos, they can enjoy the ultimate casino gaming experience thanks to real-time synchronization of information.”

ICO tied to Ethereum crypto-currency:

Wide Rich Global decided to launch its endeavor in Macau after first considering the jurisdictions of South Korea, Singapore, Curacao and the Philippines. Its ICO is set to involve the issuance of up to 20 billion ‘DEC’ tokens tied to the Ethereum crypto-currency that will grant owners the right to host, refer and invest in the project’s cash lending pools.

Coins to be available from November 15:

The investments firm reportedly detailed that it has scheduled a token pre-sale from November 15 with 35.5% any funds received due to be set aside for the purposes of acquiring a Macau junket license and up to three land-based casinos. Regarding the remaining amount, it purportedly explained that some 18.5% is to be used for management functions with a further 10% for the purposes of establishing a token economy.

Reportedly read a statement from Wide Rich Global Company…

“The tokenization of chips, casinos and their surrounding entertainment service providers will be able to build a pan-gambling business ecosystem together so that people with varying business needs from tourism, to business meetings, to shopping can all gain easy and cost-effective access to customized and prestigious services on their mobile devices.”

Experienced advisory board:

For its part, DeClub International Company Limited was established in 2017 by Kennis Wong, the former Chief Executive Officer for Macau junkets firm Jimei International Entertainment Group Limited, and expects to have some 700 gaming tables under its management by the end of next year. The enterprise’s advisory board moreover purportedly includes Paddy Fung Kwok Hung from South Shore Holdings Limited, which is responsible for the recently-opened The 13 hotel, and it will be complementing the ICO by offering its own ‘NNC’ stable-coin tokens for the purchase of goods and services.