Providence (PVE) — the global crypto-casino
In the Philippines, casino revenues are expected to grow to P160B revenues in 2017 due to optimism on this sector to add to to investors’ confidence in the Philippines. Entertainment City is the Philippines top casino hotspot, wherein currently operating casino resort sector namely: City of Dreams Manila, run by a subsidiary of Melco Resorts and Entertainment Ltd; Solaire Resort and Casino (pictured), controlled by Bloomberry Resorts Corp; Resorts World Manila, owned and operated by Travellers International Hotel Group Inc, a venture between Philippine-based Alliance Global Group Inc and Genting Hong Kong Ltd; and Okada Manila, owned and operated by Tiger Resort, Leisure and Entertainment Inc, a subsidiary of Japanese gaming conglomerate Universal Entertainment Corp. All of these existing casinos are physical hotels and resorts. Aside from this, casino revenues are expected to become part of the stable business sector in the future.
For the millennials, post-millennials and even casino lovers here comes, Providence. It is a 100% Cashless Physical Casino & Resort creating a truly cashless enterprise, using innovative blockchain technology will be integrated into every retail outlet in the casino, including the hotel, restaurants, and luxury product stores.
Here are just some of the features I’m looking at Providence:
> First mover advantage
Providence being the first and only cryptocurrency Casino & Resort, will gain competitive advantage through control of resources. Anyone that will be launching similar to Providence would need the economic benefits and the ability to surpass what Providence built or else will have created an inferior network with little incentives for others to use it.
> Increasing cryptocurrencies demand
Cryptocurrency have grown tremendously from 9 currencies tracked by Coinmarketcap in April 28, 2013 with a market cap of $ 1,596,170,459. Now it has 1,104 assets and currencies listed as of September 11, 2017 with market-cap of $141,069,585,841. or about 88.38x of April 28,2013 market-cap or compounded annual growth rate (CAGR) of 206.61%.
I expect using the CAGR above at the end of five years or by 2022 cryptocurrency market cap will be at $38,225,757,923,103 or 270.97x current market cap (Sept 11, 2017).
Providence, being the first crypto-casino will also ride from rising cryptocurrencies demand worldwide.
> Ride the rising casino revenues industry worldwide
As what I have mention on casino revenues in the Philippines, it will continue to become a stable business industry and will continue to grow. Globally though, it is also expected to grow from 450 billion U.S. dollars from players and gamblers. It is expected to grow at around 495 billion U.S. dollars by 2019.
We are also seeing the increasing online casinos globally but nothing will beat the experience spending it in a physical hotel & resorts.
> Offline and online casino in one
Due to increasing online demand of casino, Providence will also launch their own online casino platform that will offer all their customers the ability to play their favourite games online.
> Volatility minimize/protected
Since cryptocurrencies are volatile, Providence will use blockchain technology,where trading & hedging will be lock down your winnings pegged to the current cryptocurrency exchange rates for a maximum of 72 hours.
> Rewards as token holders
As token holders, you will be entitled to Smaller transaction and Credit Card fees, join PVE Jackpot and share in PVE quarterly volumes. For more information, you can find it in their whitepaper: https://www.providence.casino/whitepaper
More about Providence:
Official website: https://www.providence.casino
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2185207
Bounty link: https://bitcointalk.org/index.php?topic=2196188
Official channels and social media: