Malta-based investment firm Wide Rich is planning an initial coin offering (ICO) in an effort to raise $1 billion to fund the purchase of Macau-based casino operator DeClub.
The combined company will then acquire a Macau junket operator license, as well as existing casinos with the best earning potential around the world. It then plans to build the world’s first blockchain-based casino gaming hub with fully integrated online and land-based casinos.
DeClub said that the tokenization of chips, casinos and its 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 its mobile devices.
Wide Rich will issue a utility token, Darico ecosystem coin, which offers buyers rights to host, refer and invest in cash lending pools. Meanwhile, DeClub will be issuing a chip token called nanucoin, redeemable stablecoins that will facilitate payments for goods and services in casinos.