A Chinese crypto firm has caught the ire of many junket operators after announcing that its digital coin may be used for transactions in Macau casinos.
Tech firm Lantai Digital Application Technology Co Ltd recently launched its supposed cryptocurrency before the local media, stating that the digital currency is supported by several Macau VIP gambling promoters. Turns out, Lantai’s claim was nothing but fake news.
Several Macau-based junket operators—Suncity Group, Tak Chun Group, Meg-Star Group, Guangdong Group, and David Group—immediately issued a rebuttal after Lantai’s announcement, saying that they aren’t happy with how their brands have been dragged in the launch of the Chinese company’s token, according to a GGRAsia report.
There are some promoters that are planning to drag Lantai to court for unauthorized use of their trade names and corporate logos for the purposes of marketing or promotion, according to the news outlet.