Topic: [ANN] Providence (PVE) 100% Cashless & Physical Crypto Casino & Resort - page 26. (Read 13571 times)

Hi btc! Yes, we will have an online branch. The Providence Online Casino Beta will, in fact, be launched already before the main token sale

Here are the key points about the onine casino

The Providence Online Casino will have latest implementations regarding technical background and performance. The key aspects that will be rolled in our initial launch of the platform will include:
•   0 confirmations required on deposits
•   All games implemented using Provably Fair system
•   Multi-currency (BTC, LTC, ETH, PVE)
•   3 games available in the start (Blackjack, Dice, Roulette)

Lightning Network Beta
One forward-looking aspect that we will be launching in parallel to the Providence Online Casino is the Lightning Network implementation. The “Providence Lightning Beta” will feature instant deposits with Lightning Network on Bitcoin.

Further down the line as the Physical Casino becomes operational, we will merge the two platforms into a unique experience with interesting approaches. We will be introducing a set of custom games that will be tied to the actual physical location and venue of the physical casino. A first concept of the game that is in research & development will be simple “binary betting” on actual player performance in the physical casino. Imagine that, at any moment in time you will be able to see players that are participating in the live games and bet on certain people with certain outcomes. You are not participating in the games itself but betting on your favourite “hot-streaker” and high rollers.

Example 1.
A person enters a table or a game with a certain amount of chips. You can place a binary bet if this person will win or lose in the next round or dealing of that particular game.
Several other concepts that are still in idea & feasibility stage include staking the house edge and increasing the odds for your gamers or margin betting (borrowing your bankroll to players) to increase winnings for both players. In addition, we will also engage our community and token holders to submit proposals and ideas how we can expand our gaming palette and offering. All implementations and milestones will be outlined in the roadmap section and further technical details in the technical approach section.

On your note regarding the VR. We indeed have been thinking about this approach to a virtual reality online casino which will be modeled exactly how providence physical casino looks like...more exciting developments to be announced down the road as we will take it step by step first with our initial plans and operations.

Will the casino have an online branch as well?
I understand Casino & Resort is a nice thing by itself, but I would still like to play online?

Maybe like a virtual thing? (since VR is now a hype)

It is possible to have more fixed and physical locations around the world.
A brand development itself is a step forward too.

Many things are already funded from our side and with the disclosure of all those activities, you will see our velocity. Also don't forget that the Online Casino is coming before the Main Token Sale with BETA afterward for lightning network deposits. So we are moving things on multiple frontiers.

Using funds from the presale to run the project immediately is the right step, we can see the project potential of how the development goes after pre-sale

Very well said dishku!

We are aware that people will have questions about the price and valuation. And we are here to back that up with our data and preparatuon. Indeed a lot of time was spent on planning. After the presale all feasibility and business plans regarding the casino and hotel will be published where you will see all the numbers and turnovers that we expect in the next 3 years.

Hi crypto! Thanks for your confidence in us! Regarding expansion plans, this is something you can see as the last point in our roadmap. However, that is just the last point in our first "flight" and a start of the second. Once we setup operations and processes with Providence and, of course, see all the things we can optimize and enhance (or fix) then we will move onto acquring new business partners that would want to implement the same business model and the whole platform into their casinos or resorts. We will either whitelabel the whole complex (online casino, exchange and processes) or merge existing parties under the Providence brand and have more locations around the world that accept PVE or interoperate with other ERC20 tokens that emerge on the markets. There are several verticals either through the crypto domain or the gaming industry. So our physical location will stay where it is, but new may pop out also . More on that as we move through the initial plans and roadmap!

Indeed that is difference between real life project this is great attempt to take the cryptocurrencies to the next level. I also agreed with you this is a long term project and from my point of now this world is getting matured and ready to go to the mainstream. It has potential to deliver so price of token is not a matter.

I think that people who complain about prices don't really understand size of  opening something like  casino and hotel,and what kind of investment that needs.Someone getting into that must plan years ahead,and not expect fast and easy cash.Thats long term investment.And then  u add cryptocurrencies on top of that..

seems like these guys really made their homework It looks like the team has experience and knowledge both in crypto and casino industry. What do you mean with "a long-term plan for expansion"? How can you expand something that is fixed and physical?

Hey umycantik!

On the token price, in the past several months, we have had multiple revisions and consultations with casino operators and people from the industry and this valuation of a market cap and token price for the industry is something that would be most optimal for the first-year casino with accompanying facilities. If you check numerous sources and turnovers of large casinos like in Las Vegas and recently Macau you will get a sense of the industry. Here is a recent article from Forbes laying out some revenues and numbers for casinos in Macau for example.

"Sanford Bernstein’s Vitaly Umansky reports average daily revenue (ADR) of MOP805 million for the last week of May that included the Dragon Boat Festival holiday, just the sixth week in the past year with ADR exceeding MOP800. This is in counter value around 100M USD average DAILY revenue in Macau (combined casinos). Basically, our entire market cap if ethereum hits $300 USD (based on our counter value 1ETH=600PVE Token sale price). So we had to account also for a possible downside of the market of 20-30% and anything less bellow that market cap would lead to unsustainable business models. Imagine a several Macau high-rollers coming to the casino and playing with 10% of the whole market cap in such scenarios where we would have a smaller valuation. Of course, we need to attract such guests, but here you can see a major upside for our business model and token holders that as we scale and become more recognized the token prices have to go up.

In any other case, a potentially big investor who is familiar with this industry would be discouraged because any numbers lower than that can't support a physical casino business on that scale and with a long-term plan of expansion.

Hope I gave you some good backings to our valuations and initial prices discovery.

I don't think the prices are unreasonable.
Better than most of the ICO's out there

if I myself really like this project
  but even then with the reasons there are pertangngung answers from the project team afraid token price munjadi expensive

No problem, that's why I'm here. I'm glad you are getting fond of the project! We will do our best to elevate this project to the maximum highs, and thank you all for showing interest and support! 

Ok,i got the idea now,thank you for explaining.

The more info im getting,the more im convinced your are onto something big.Keep up the good work!

Hi BurntSnow!

Yes, our management team and in specific Mr. Michael Doherty has several companies owning real estate which also has hotels built on them run by Professional Hotel Operators. We have several bids as of now and due diligence and evaluation of applicants are in fact been done at this time as the Engaged Operators will have to abide by our crypto concept.We will announce the Casino Operator and Hotel Operator who will be managing our Crypto Casino and Resort in due course.

On the other hand, the team and me that is managing the digital and crypto part of the business have extensive experience in leading digital strategies and implementation for the hospitality and entertainment industry. Some of the projects and clients we worked before include http://www.adriaticluxuryhotels.com/en, http://fresh-island.org/ and Croatian Bitcoin Portal (http://crobitcoin.com/ although now we have a whole new crypto layer above!

One more thing is to mention that 4/10 team members (myself included) come from Croatia, which is tourism-reliant country and has the biggest share of tourism in GDP among all countries in Europe (18%) so a lot of projects and experience went through our hands in this sector. Hell, I even have family business (http://sailsadria.com/) 

Hey J! Well this is a question of exclusivity and availability. We want to stay exclusive and use this batch of cards for the pre-sale "high" contributors. We actually had this discussion and we will most likely roll out some special card for the "high-rollers and big players" although it will be probably a different design and unique in some different aspect. This one remains exclusive to the pre-sale aficionados 

Thanks seejack for your kind words! Of course, it will. We are in it for the long run