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Breaking News: Bitcoin Outlook Post Fed's 0.25% Rate Cut: Historical Patterns And Predictions

Bitcoin in Vegas: The D and Golden Gate Casino "Pleased With the Level of Interest"

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Last Updated: October 7, 2020 11:40 am
2 mins read

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Celebrity Prom DressesIn late January, it was announced that two Las Vegas properties, The D Las Vegas Hotel and the Golden Gate Hotel & Casino would be accepting bitcoin.

“I’m proud that The D and Golden Gate will be the first casino properties to accept Bitcoin,” said co-founder and CEO of the two properties, Derek Stevens when it was announced. “We’re located in the growing high-tech sector of downtown Las Vegas, and like all things downtown, we’re quickly adaptive to new technology. The timing is right for us to launch this initiative, and I’m happy to be able to offer this to our customers.”

As it turns out, the two properties are “pleased” with the response from the bitcoin community in the days since.

“So far, we’ve been pleased with the level of interest,” said a spokesperson on behalf of Mr. Stevens to newsBTC. “We really weren’t sure what to expect but the number of transactions for the hotel and the restaurants has been very positive.”

Specific sales numbers were not provided when we inquired.

While customer’s aren’t able to spend bitcoin on the tables or at slot machines, than can spend it in bars and restaurants on the properties, and can also use bitcoin for lodging at either of the hotels.

A match made in an Elvis-themed Vegas wedding chapel?

Both The D and the Golden Gate have made history by being the first to accept bitcoin on the strip, but what example could they set to some other neighboring properties? Further, could gambling in Vegas be a killer app for bitcoin?

There’s not a simple answer to that at the moment. Time will tell. For now though, if you’re looking to spend bitcoin in Vegas, you at least have some options.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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