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This is one of the few aspects were most new casinos would not be able to compete with Cherry Gold platform– the other is that it is the first casino in China to provide a full-day gambling experience, using real-time game information from major casino operators in the country. (Read More: Why Casinos Are Taking on the Blockchain)
“In China, real-time games are the norm. People want them,” added Wu, who has worked as a professional poker player for years before creating the poker platform.
“We want to be the first casino in China to have full-day slots, poker & blackjack. We’re very excited about it,” he said.
Other new casino projects in China include China Oriental’s Wuhu casino and Tongji casino, the former of which is the second highest-grossing casino in the country.
Cherry Gold’s plans are ambitious: it intends to operate up to 3 million real poker machines, and up to 400,000 blackjack tables and 100,000 table games.
The company is currently building a $1bn casino complex in the city center of Shenzhen, and will be partnering with major Chinese technology and real estate developers in the region to make their investments worth even more.
Wu, who previously told CoinDesk that he wants to use blockchain technology to provide real-time casino games, claims his company needs not only to attract gamers but to create a social impact.
“We plan to use blockchain technology to help reduce gambling addiction and addiction on its own,” he explained. “Because gambling, whether by technology or through poker in real time, will be better if we make it more social, more social, by showing it’s not gambling … but a form of entertainment.”
Wu said the platform’s real-time poker platform would provide the “perfect environment,” for the gambling industry, in which games run 24/7, and the technology would stream line payment system operations, which Wu says would allow for faster execution, faster play, and quicker turn-over.
“At Cherry Gold we need an environment in which a big, big number from the gaming industry can come, and be part of this development,” he added.
Images: China Media Capital (screenshot)
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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