Las Vegas' Oldest Casino Starts Accepting The World's Newest Currency - BitcoinSubmitted by emalvini on Wed, 01/22/2014 - 13:20
Las Vegas' Oldest Casino Starts Accepting The World's Newest Currency - Bitcoin
Submitted by Tyler Durden on 01/21/2014 21:06 -0500
Two Las Vegas casinos will become the first known US gambling premises to accept the increasely popular cryptocurrency. The co-owned Golden Gate (Las Vegas' oldest casino) and The D Las Vegas Casino Hotel will begin accepting bitcoins on Wednesday as payment for hotel rooms and related purchases, but, as Bloomberg Businessweek reports, state regulators are unlikely to allow casinos to exchange chips for bitcoins any time soon, according to A.G. Burnett, chairman of the Nevada Gaming Control Board.
Via USA Today,
The two downtown Vegas properties, which share an owner, will accept the currency at five locations, including their front desks and the D's Gift Shop. Guests also can use the currency at the D Hotel's American Coney Island hot dog shop and Joe Vicari's Andiamo Italian Steakhouse.
Alas, they won't be able to gamble with them just yet.
The Bitcoin purchases will be processed through BitPay, which allows merchants to accept Bitcoins just as they would Visa, MasterCard or Paypal.