Bitcoin does well in Las Vegas casinos

12. oktober 2015
Bitcoins Las Vegas

As informed by the website, the cryptocurrency enjoys tremendous popularity among the visitors of two Las Vegas casinos boosting the overall performance to record figures.

Since early 2014, there have been two houses in the Gambling Capital of the World where Bitcoin is not just accepted officially, but actually does really well, and, what’s even more intriguing, has been able to improve the overall financial performance of these casinos.

The locations called the Golden Gate Hotel & Casino and the D Las Vegas Casino Hotel respectively started accepting Bitcoin payments from customers at the initiative of Mr. Derek Stevens, the CEO of both houses. Stevens does not reveal the specific numbers, but, according to him, the D Las Vegas Casino Hotel, where clients can make payments in Bitcoins at the front desk, 3 restaurants (including Joe Vicari’s Andiamo Italian Steakhouse and the D Grill), and the gift shop, can now boast the greatest overall number of BTC transactions compared to the Golden Gate Hotel & Casino where customers can use their Bitcoins at the front desk only.

Speaking of their experience with BTC over the year, Stevens says their location in the city’s downtown has had a great importance, and “it seemed like the right fit and [they’ve] definitely seen more business as a result”. What the company also did was switching from a Robocoin Bitcoin ATM to a Genmega G6000 in the D Las Vegas Casino Hotel, although no explanation on that has been given by the CEO.

Stevens, however, willingly reported the casinos account for the biggest total amount amount of BTC purchases at American Coney Island, a local eating house renowned for its traditional American food. In Stevens’ estimation, the popularity of payments in Bitcoin (if compared to other food spots) may, in the first place, come from the affordable overall price level of American Coney Island. Apart from it, the support of Bitcoin on site may also be influenced greatly by the active local BTC community, the current exchange rate of the cryptocurrency, and frequent Bitcoin-themed events taking place in Las Vegas.