STAGE 1: CASINO INTEGRATION AND BUILDING LOYAL BITGAME COMMUNITIES WORLDWIDE
Bitgame Inc. will build and steadily grow a community centered on a digital tokenized value-management ecosystem tailored to meet the needs of casinos and their gaming guests. The initial focus will be on the niche sector of South East Asia countries, where both frictional financial costs and daily cash flows are very high. Targeting the niche sector will very quickly provide the platform with both committed users and signicant daily transactional cross-platform flows.
CONTRACTED ROOMS
We have already signed contracts with four different room operators in Cambodia. Over time, the Bitgame brand will grow through entering into partnerships with many, if not all, of Cambodia’s leading rooms. These rooms, some of which are listed on the Hong Kong Stock Exchange, will greatly benefit from being connected to the Bitgame financial eco-system. Not only will these partner rooms immediately improve their profitability and efficiency, but they will also benefit from access to the Bitgame Community of gamers, many of whom will be very high net worth individuals who are committed and regular gamers.
THE BITGAME ROOM AND DGC ACCEPTANCE
Bitgame Inc. targets being operational as a licensed room in Cambodia — branded as the first ‘Bitgame Room’ — before the upcoming Chinese New Year 2018. Four key room partners will join as Bitgame aliated rooms by end of Q1 2018. The Bitgame Room has direct access to tens of thousands of elite gamers globally who will ensure attendance and demand for BGC from Day One. As a sign of confidence, the operators have already committed no less than US$265 million to the project, which constitutes 53% of the total supply of Bitgame Coins. Only rooms branded under the ‘Bitgame’ brand, and those rooms aliated with Bitgame Inc., will benet from the commercial leverage of the Bitgame Community. Gamers will have to be a member of the Bitgame Community (and holder of BGC/BGCA) to attend and play in the Bitgame Room and wherever Bitgame Global Chips are accepted.
However, the reach of Bitgame will extend beyond Cambodia’s room market. We expect many casinos in Cambodia to quickly recognize the merits of linking into Bitgame Community membership, many of whom will be very committed gamers, they will therefore readily welcome and accept conversion of Bitgame Global Chips in their establishments. Membership of the Bitgame Community, Bitgame Inc. will not be exclusively focused on high net worth individuals and high-roller elite gamers.
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The Bitgame Community will embrace gamers at all rungs of the expendable income ladder. Indeed, the long-term goal is to broaden and strengthen the Bitgame Community well beyond rooms in Cambodia, and well beyond Cambodia itself. The business model and the benefits that the Bitgame brand will bring to casinos and their solid cadres of committed gamers, is globally applicable. In reality, Cambodia and its rooms will serve as an unusually solid and highly profitable ‘proof of concept’ that can be used to underpin the global roll out of the Bitgame brand and growth of the Bitgame Community.
DEBIT CARDS AND ATMS
To support members bridging across from the Bitgame Platform to the legacy banking system and at money, Bitgame Inc. will issue each member with a Bitgame debit card on the global MasterCard/Visa network. This will allow members to draw cash and also settle charges for purchases and services directly from their Bitgame account. We will also roll out our own network of digital token compatible ATMs. This will start in mid-2018 with these ‘Global Cash Machines’ appearing in Bitgame Rooms and all aliated rooms and casinos. Bitgame Inc. will seek to draw together interested actors in the sector to harmonize cross-industry efforts and standardize protocols.
BITGAME-BRANDED HOTEL/CASINOS
Within approximately three years, with the Bitgame brand well-established in Cambodia and spreading through the international casino sector, Bitgame Inc. has plans to open the first of a number of Bitgame-branded hotels and casinos. The ‘disruptive’ plan is to own and operate a flagship hotel/casino in Cambodia that is floating, static anchored, eco-friendly and cashless (accepting BGC only). Such a unique and world-class, luxury leisure destination would almost certainly become a highly popular international gaming tourist attraction and further boost the international image and hospitality extended by Macau to the world. The working name for the rst proof of concept cashless hotel/casino is ‘Bitgame Pearl’ and it could be operational in early H1 2020.
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