Hundreds of high-roller ‘Elite Gamers’ travel to Macau every week of the year to play baccarat and other games of chance in “junkets” - VIP high-stakes gaming rooms with a minimum stake of millions of dollars - which are operated as separate cost centers by shareholding syndicates inside the resort’s top tier casinos.
Many millions of dollars ow across the tables in these VIP gaming rooms daily and junket organizers su er exorbitant fees in arranging for such high volumes of stake monies to be ready for use by a VIP gamer upon arrival. Then, having enjoyed the gaming and the junket’s hospitality, their high-roller VIP guests incur similarly high fees in the repatria- tion of their winnings.
A junket often needs to arrange stake money of several million dollars to be on hand when each elite gamer arrives in Macau. The current cost to a junket in making the neces- sary nancial arrangements is a minimum of 5%. As for the players, they are typically forced to su er fees of between 5%-7% for costs related to repatriation of their winnings.
A major junket in Macau might be hosting more than 100 elite gamers at any one time, often producing a rolling turnover in excess of US$250 million a day. With this level of play at the tables and the constant churn of players, the frictional costs su ered by both junkets and their discerning elite gamer guests related to the positioning of stake money and repatriation of winnings are both huge and punitive.
The advent of ntech solutions whereby at money can be e ortlessly converted into digital tokens and then moved instantly within an eco-system whilst being securely tracked, and all at very low cost, o ers Macau’s junkets a highly attrac- tive technological solution that will dramatically reduce their high inbound frictional costs.
Indeed digitally tokenizing both stake monies and gaming chips and using a blockchain to record transactions and track tokens, not only presents junkets but also the casinos in Macau and internationally, with an opportunity for step change cost reductions, improved e ciency and higher levels of security in the management of inherent high volume money ows.
Through connectivity with our digital value platform, namely the Dragon Platform, elite gamers wishing to visit a junket could easily convert at money into digital tokens, that would be securely registered on a blockchain underpin- ning the platform. A numerical representation of the tokens held at any one time would be shown in the gamer’s smart phone wallet.
Whenever necessary, the gamer could e ortlessly convert his Dragon Coins (DRG) to xed-value digital Dragon Global Chips (DGC) for use in the junket. After gaming, DGC could be converted back into DRG and further converted to at money or any other digital currency when needed, all on demand and via the touch screen on a smartphone. If gamers choose to keep stake monies and winnings in digital form ready for the next visit to the gaming tables, they could do so, securely and at minimal cost.
Application of digital token technology beyond stake monies and winnings to the management and tracking of individual gaming chips, delivers junkets and casinos with signi cant nancial gains and bene ts from improved e ciency and security across their entire ‘cash management’ system.
December 2016
June 2017
August 2017
November 2017
December 2017
January 2018
February 2018
Q2 2018
verificata 0%
Attenzione. C'è il rischio che i membri non verificati non siano effettivamente membri del team
verificata 0%
Attenzione. C'è il rischio che i membri non verificati non siano effettivamente membri del team
Questa offerta si basa su informazioni fornite esclusivamente dall'offerente e altre informazioni disponibili pubblicamente. L'evento di vendita o scambio di token non è interamente correlato a ICOholder e ICOholder non ha alcun coinvolgimento in esso (inclusi eventuali supporti tecnici o promozioni). Le vendite di token elencate da persone con cui ICOholder non ha relazioni sono mostrate solo per aiutare i clienti a tenere traccia dell'attività che si svolge all'interno del settore generale dei token. Questa informazione non è intesa come un consiglio su cui dovresti fare affidamento. È necessario ottenere una consulenza professionale o specialistica o eseguire la propria due diligence prima di intraprendere o astenersi da qualsiasi azione sulla base del contenuto del nostro sito. I termini e le condizioni stipulati dai contributori in relazione all'acquisizione di token sono tra loro e l'emittente del token e ICOholder non è il venditore di tali token. ICOholder non ha alcuna responsabilità legale per qualsiasi dichiarazione fatta da terzi in relazione a qualsiasi vendita di token e qualsiasi richiesta di violazione del contratto deve essere fatta anche direttamente contro l'entità emittente dei token qui elencata.
In caso di dubbi sulla natura, sulla proprietà o sulla legalità di questa vendita di token o delle persone coinvolte, contattare info@icoholder.com con informazioni dettagliate sulle tue preoccupazioni.