free slots james bond 007The first blockchain-powered land-based casinos could be on the horizon, if an ambitious new venture involving Macau-based casino management company DeClub and a viejas casino outletsMalta-based investment firm called Wide Rich Global Company comes to fruition. Dragon Corp will pay casinos in traditional currency for the rolling chips it supplies to its gamblers.The Monetary Authority of Macau (MAM’s) has prohibited financial institutions from from providing services to cryptocurrency businesses and organizations that have undertaken ICOs — however, there are no rules restricting ICO activities in the private sectorIt currently supplies professional mass gaming area membership management services to the Macau market.Dragon Corp Floats Dragon Pearl ConceptThis is not the first venture that hopes to integrate blockchain into the world’s biggest gambling hub. black bear casino crab legsGamblers pay up in China and receive tokens, known as “rolling chips,” for use in the casinos of Macau.Junkets can charge up to 7 percent for these transactions, but Dragon Corp says gamblers who buy rolling chips using its digital currency, will pay only 1 percent.Dragon Corp believes its activities will bypass Macau’s cryptocurrencyviejas casino outlets gambling ban because it says it acts only as a wallet — the casinos themselves never come into contact with any digital currency. Last year Dragon Corp raised 0 million through an ICO of its cryptocurrency Dragon Coin.Dragon Corp had hoped to use 0 million of the funds to build a floating casino, to be berthed in Macau, The Dragon Pearl — although that particular project may have run aground and the company says it is currently exploring other options.Blockchain is an attractive option for Macau’s junket system because it can enable an operator to undercut existing junket operations.The junkets allow high-rollers from the Chinese mainland to swerve government restrictions on the movement of cash into Macau from the Chinese mainland. It wants to build a “pan-gambling business ecosystem” powered by blockchain. glendale az desert diamond casino

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