The casino owned by Genting announced a partnership with Gemini, a cryptocurrency exchange and custodian owned by billionaire twin brothers Tyler and Cameron Winklevoss. The partnership will allow casino customers to use their Gemini crypto wallets to buy items at the resort.
According to the press release, the details of the partnership will be finalized in the coming weeks. Cryptocurrency will not be allowed to be used for gambling as gaming regulators have strict rules for this type of transaction and have yet to approve it.
This may change in the future as cryptocurrencies become more and more common.
David G. Schwartz, a game historian at the University of Nevada in Las Vegas, told a local CBS a partner who, if the move is popular at Resorts World, is very likely to be rolled out by other venues as well.
"I think before all centers have done this, it will be a way of telling them apart," said Schwartz. "I think they can see if people want to do it."
Resorts World Las Vegas will be the first Las Vegas Strip casino to accept such currencies, but D Las Vegas in downtown Las Vegas on Fremont St. I have been accepting cryptocurrency as a payment for several years.
"We're extremely excited to partner with Resorts World Las Vegas, the first casino on the Las Vegas Vegas Strip, to partner with the crypto platform and explore the integration of cryptocurrencies into their guest experiences," he said. CEO Gemini Tyler Winklevoss in a statement. “Whether their customers have the option to use cryptocurrency at Resorts World Las Vegas or convert dollars to cryptocurrencies, being among the first to support cryptocurrencies is a great way to meet the needs of the next generation of customers and provide a 21st century experience. "