Physical Casino that accept crypto currencies?

[Smartprofit]

Bitcoin is a protocol for transferring value in virtual space. Bitcoin was originally created for these purposes, this coin is very closely connected with the Internet. In the real physical world, there are a huge number of other means of payment.

A physical offline casino is an object of the real, not the virtual world. We get special pleasure from playing in a physical offline casino precisely because all the objects there are real. There are real playing cards, a real casino roulette, real dealers, real players, real alcoholic drinks, real beautiful women in evening dresses, real game tokens for betting. Bitcoin in an offline casino is not very organic, the first cryptocurrency in an offline casino is some kind of "alien" entity.

Therefore, betting in bitcoins has not become widespread in offline casinos. In addition, as rightly noted above, there are also legislative restrictions.

For example, in an offline casino in Sochi, all players are required to register and present a passport at the reception. Using bitcoin in such a scheme is unnecessary.  It is much better to use fiat money for payment.

[Sandra_hakeem]

I am wondering... there are already casinos somewhere that accept crypto or bitcoin?
It's ok any country, any place... likewise in Las Vegas they haven't already some slot or live game that you can wager our coins?
I am just curious to know if this has already been done... or some group is planning to do this...

I mean there could be alot of them out there. I seen people list them on the first page and it's great to know that some casinos now accept cryptocurrencies.
I think it's a very great start towards global adoption that physical casinos now accept these coins, but also a huge step/threat to a gambler's stock (that is, if he has any)

On the casino's end, this would mean a huge risk due to the scalability of the coin -- or maybe they just set up a limit for how less you can pay at a time? I don't know.

[justdimin]

Not directly but user can use cryptocurrency using a crypto cards that automate convert crypto to fiat as payment. I think this is the only a physical casino can accept crypto since you need to bet in fiat amount physically unlike online crypto casino that allows crypto currency betting directly.

I think casino located in El Salvador which Bitcoin is a legal tender can apply this and satisfy the requirements of casino accepting crypto.

Most of the land based casino in my country only accepts fiat.

On the bolded part, are you talking about what the OP told? If yes, then yeah due to their status there. There might still be some places that aren't a legal tender yet that can accept crypto in almost anything. If we already heard a coffee shop that accepts crypto, then why can't they do the same on others like for example in the physical casino?

There is no difference with that. In fact, it is much better since a gambler can easily get carried away by the game and starts betting a little higher. On your suggestion, I think this is also good if we mostly use a crypto. This is better than nothing at all. After all, crypto is a digital currency, so it does make sense if they mostly exist online.

[robelneo]

Bitcoin is a protocol for transferring value in virtual space. Bitcoin was originally created for these purposes, this coin is very closely connected with the Internet. In the real physical world, there are a huge number of other means of payment.

You have a point; physical casinos mostly cater to traditional gamblers, and they prefer not to change the description of what a physical casino is and always has been, although there are casinos that embrace the blockchain technology.
If the physical casino industry wanted to adopt cryptocurrency, they should have done so before; they see no need to adopt it, or they can opt to create an online version and adopt cryptocurrency payment.

[AmoreJaz]

Bitcoin is a protocol for transferring value in virtual space. Bitcoin was originally created for these purposes, this coin is very closely connected with the Internet. In the real physical world, there are a huge number of other means of payment.

You have a point; physical casinos mostly cater to traditional gamblers, and they prefer not to change the description of what a physical casino is and always has been, although there are casinos that embrace the blockchain technology.
If the physical casino industry wanted to adopt cryptocurrency, they should have done so before; they see no need to adopt it, or they can opt to create an online version and adopt cryptocurrency payment.

They can always integrate crypto in some of their games if they want to. However, it is limited to digital games as the transfer of funds needs online transaction. Most gamblers are still not crypto oriented. So they may attract small population for now. But later on, once someone sees it and get interested, they will try to learn such payment route.
Most physical casinos which are now crypto-friendly are limited to just having btc atm stations only. Other than that, I haven't read or seen that a land-based casino is accepting directl crypto payments in their cashier sections.

[Hispo]

Dear gamblers,
I am wondering... there are already casinos somewhere that accept crypto or bitcoin?
It's ok any country, any place... likewise in Las Vegas they haven't already some slot or live game that you can wager our coins?
I am just curious to know if this has already been done... or some group is planning to do this...

Generally speaking, regulations concerning FIAT casinos are right enough for them nor to accept cryptocurrency so easily, at least it seems to be that way in developed countries like USA, the European Union and the United Kingdom.
In the case of my country, physical or brick and mortar casinos are happy enough by just accepting cash for their chips and they do not seem eager to start accepting Bitcoin or other cryptos to exchange for their chips.
They are way too comfortable taking cash instead.

[SatoPrincess]

I don't really know about any physical casino in my country that accepts crypto, I have seen businesses in my country accept bitcoin and other crypto but customers hardly ever make payments with crypto so it doesn’t make a lot of sense for physical casinos to have that option when their customers seem to be more comfortable playing with fiat.

[famososMuertos]

Bitcoin is a protocol for transferring value in virtual space. Bitcoin was originally created for these purposes, this coin is very closely connected with the Internet. In the real physical world, there are a huge number of other means of payment.

A physical offline casino is an object of the real, not the virtual world. We get special pleasure from playing in a physical offline casino precisely because all the objects there are real. There are real playing cards, a real casino roulette, real dealers, real players, real alcoholic drinks, real beautiful women in evening dresses, real game tokens for betting. Bitcoin in an offline casino is not very organic, the first cryptocurrency in an offline casino is some kind of "alien" entity.

Therefore, betting in bitcoins has not become widespread in offline casinos. In addition, as rightly noted above, there are also legislative restrictions.

For example, in an offline casino in Sochi, all players are required to register and present a passport at the reception. Using bitcoin in such a scheme is unnecessary.  It is much better to use fiat money for payment.

No, that's not the case. It's used quite a bit.

At least in several countries, such as Malta, where high-rollers are using cryptocurrencies, e.g. Triton series allows payments in Bitcoin.

If you don't see it in your region or at your local casino, that doesn't mean it's normal. In fact, it's quite the opposite in the high-stakes niche, especially in poker.

[sunsilk]

I don't know such place, but I know that some casinos have a special lobby or exchange area where their tellers accept crypto and can convert it into chips or fiat -> chips.

So it won't count, but for those gamblers that have some holdings that they want to spend onto those casinos, they'll only have to go over-the-counter and have it exchanged into chips or cash.

I have seen businesses in my country accept bitcoin and other crypto but customers hardly ever make payments with crypto

Me too, I've seen some businesses that are showing acceptance of crypto for payments.

But it looks not all of them are having these transactions made in crypto but it's good to see them that they are willing to accept payments in crypto.

[LUCKMCFLY]

Where I live, there is a new casino and I have not gone because it is quite peculiar, however I was told that those who had Binance could play, but as long as they bet and made the changes within the casino, it is something like sending the amount to a casino account in Binance and they gave the chips, but not money, then the game began to play, of course the chips there were all in USDT, and it is the equivalent of normal dollars.

[Porfirii]

I don't know any, at least in Spain. It would be great if they accepted cryptos, but I guess that the Markets in Crypto-Assets Regulation (MiCA) has brought (businesses in Europe must register, carry out KYC, inform periodically...) poses more difficulties than potential benefits for them, at least for the time being.

[asyakashi]

In my country, it would be impossible for a casino to be allowed to operate, let alone using crypto. In fact, crypto is also illegal in my country, but the country collects taxes from crypto trading. I also want to know which countries accept crypto payments, especially physical casinos.

[baeva]

Bitcoin is a protocol for transferring value in virtual space. Bitcoin was originally created for these purposes, this coin is very closely connected with the Internet. In the real physical world, there are a huge number of other means of payment.

You have a point; physical casinos mostly cater to traditional gamblers, and they prefer not to change the description of what a physical casino is and always has been, although there are casinos that embrace the blockchain technology.
If the physical casino industry wanted to adopt cryptocurrency, they should have done so before; they see no need to adopt it, or they can opt to create an online version and adopt cryptocurrency payment.

I think one of the reasons is the complexity of taxes and cryptocurrency payments. In the case of casinos, there are many contradictions between traditional and blockchain payments, as tax authorities have to constantly monitor addresses and incoming funds. Bypassing this control in the case of this type of payments is quite easy, it is an additional concern for both parties, most often not needed by the casino itself. The fact that such casinos are appearing more and more often is great, but not all countries will be able to operate them

[Cityhunter34]

Dear gamblers,
I am wondering... there are already casinos somewhere that accept crypto or bitcoin?
It's ok any country, any place... likewise in Las Vegas they haven't already some slot or live game that you can wager our coins?
I am just curious to know if this has already been done... or some group is planning to do this...

I think I have not seen or heard about any physical casino that accept cryptocurrency in my country. To be honest ever since I started playing gambling it was when I joined this Bitcointalk forum that start using crypto in gambling. because there was nothing like that in any physical casino in my state, so it was just my normal currency all over the state. But for now due to online casino have really makes us to get more familiar with using cryptocurrency in gambling.

[btc_angela]

Bitcoin is a protocol for transferring value in virtual space. Bitcoin was originally created for these purposes, this coin is very closely connected with the Internet. In the real physical world, there are a huge number of other means of payment.

You have a point; physical casinos mostly cater to traditional gamblers, and they prefer not to change the description of what a physical casino is and always has been, although there are casinos that embrace the blockchain technology.
If the physical casino industry wanted to adopt cryptocurrency, they should have done so before; they see no need to adopt it, or they can opt to create an online version and adopt cryptocurrency payment.

I think one of the reasons is the complexity of taxes and cryptocurrency payments. In the case of casinos, there are many contradictions between traditional and blockchain payments, as tax authorities have to constantly monitor addresses and incoming funds. Bypassing this control in the case of this type of payments is quite easy, it is an additional concern for both parties, most often not needed by the casino itself. The fact that such casinos are appearing more and more often is great, but not all countries will be able to operate them

Yes, or simply that crypto is unstable and those who are in the casino business want's that physical money. Something that they can count very easily and quantifiable so to speak. And so up to now, no one is accepting it.

Nevertheless, it doesn't matter to us crypto enthusiast as most of us might not seen a physical casinos in our life because we want to play online at our own comfort. So nothing will change for us, with or without physical casinos accepting it, we will be fine.

[coin-investor]

Yes, or simply that crypto is unstable and those who are in the casino business want's that physical money. Something that they can count very easily and quantifiable so to speak. And so up to now, no one is accepting it.

Based on the previous information that was provided, very few physical casinos use cryptocurrency because of volatility and they have been running their business successfully using fiat and there is no need to add something that will result in a deficit because, compared to online casinos, they have a high cost of maintenance.
From maintaining the building, paying their staff, security, and overall cost of running their operation, they prefer fiat.And it's easy to audit if their cash flow is in fiat compared to cryptocurrency.

[Taskford]

Yes, or simply that crypto is unstable and those who are in the casino business want's that physical money. Something that they can count very easily and quantifiable so to speak. And so up to now, no one is accepting it.

Based on the previous information that was provided, very few physical casinos use cryptocurrency because of volatility and they have been running their business successfully using fiat and there is no need to add something that will result in a deficit because, compared to online casinos, they have a high cost of maintenance.
From maintaining the building, paying their staff, security, and overall cost of running their operation, they prefer fiat.And it's easy to audit if their cash flow is in fiat compared to cryptocurrency.

Maybe the reason on why there are few casino accept crypto is due to strict regulation done by past administration. And we can't blame other casino to be skeptical on accepting it especially the government discourage them to so especially that there are series of crypto crack down happened before.

But look at what Bitline and Everi done https://www.gamblinginsider.com/news/28630/bitline-and-everi-introduce-cryptocurrency-liquidity-for-choctaw-casinos-resorts  they introduce cryptocurrency to Choctaw Casinos and Resorts in Oklahoma.

With this new developments happened I think there's growing adoption happened to land base casino on cryptocurrency especially that US is starting to become a crypto friendly country.

[gunhell16]

Dear gamblers,
I am wondering... there are already casinos somewhere that accept crypto or bitcoin?
It's ok any country, any place... likewise in Las Vegas they haven't already some slot or live game that you can wager our coins?
I am just curious to know if this has already been done... or some group is planning to do this...

I don't think I know or have heard of any physical casinos that accept cryptocurrencies or bitcoins. Because the only ones I know that accept cryptocurrencies are obviously the
crypto casinos here in the crypto space, nothing else.

Then how will that happen in a physical casino? Will they pay cryptocurrency to their cashier here in the land based casino and then will they just give them chips
that the players will use in the slot machines and other machines they have there?

[Mrbluntzy]

From maintaining the building, paying their staff, security, and overall cost of running their operation, they prefer fiat.And it's easy to audit if their cash flow is in fiat compared to cryptocurrency.

You are right, casino business is not like  other business that the capital can be reserved for a long time before the owner of the business decides to spend it on restocking their shop, but the casino needs money to pay off winners and they also need the money instantly for covering daily expenses required to keep the casino running, and maybe after considering the volatility of  crypto, I guess that's why they don't want apply for crypto payment. In my opinion, they can always have two payment system which includes local Fiat and crypto.