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Author Topic: Las Vegas Hotels Become First Casino Properties To Accept Bitcoin  (Read 1595 times)
DutchBrat
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January 21, 2014, 11:03:46 AM
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 Las Vegas Hotels Become First Casino Properties To Accept Bitcoin

Virtual Currency Accepted As Payment At Hotels, Restaurants

PR Newswire

LAS VEGAS, Jan. 21, 2014

LAS VEGAS, Jan. 21, 2014 /PRNewswire/ -- The D Las Vegas Casino Hotel and
Golden Gate Hotel & Casino located in downtown Las Vegas will become the first
casino properties to accept Bitcoin. The D and Golden Gate will begin
accepting the popular digital currency beginning Wednesday, Jan. 22.

Between the two co-owned properties, Bitcoin will be accepted at five
locations, including both hotels' front desks and in the D's Gift Shop. Guests
at the D will also be able to purchase Detroit's legendary Coney Dogs at
American Coney Island and enjoy fine dining at Joe Vicari's Andiamo Italian
Steakhouse.

Bitcoin purchases at the casino hotels will be processed through BitPay, a
service that streamlines transactions using tablet and mobile interfaces.
Tablets programmed with BitPay will be installed at each cashier, allowing
Bitcoin users to easily pay for services using their mobile wallets.

Although plans to process Bitcoin had been discussed, Stevens, who is locally
known to socialize with customers at the casino's LONGBAR, says that several
patrons approached him asking if his properties accept the virtual currency.
The guest demand provided the impetus to quickly move forward with
incorporating the option to pay with Bitcoin at the D and Golden Gate.

"I'm proud that the D and Golden Gate will be the first casino properties to
accept Bitcoin," said co-owner and CEO of the D and Golden Gate, Derek
Stevens. "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."

Built in 1906, Golden Gate is Las Vegas' oldest casino. The historic hotel has
always been a forerunner in adopting technology – the city's first telephone
was installed in 1907 (the phone number was 1!) In a unique juxtaposition of
the old and new, Golden Gate's lobby will now house Bitcoin processing
technology just steps from an artifact display case containing an authentic
model of the 1907 Kellogg telephone.

Stevens opened the D in 2012, introducing a hotel casino to match the trendy,
forward-thinking style of the burgeoning downtown Las Vegas neighborhood. To
create the modern vibe, the existing property located on the Fremont Street
Experience received a complete overhaul, incorporating chic design elements,
renovating the guest rooms, adding a collection of high-end suites and
emphasizing entertainment, nightlife and restaurants alongside the casino.

About the D Las Vegas
the D Las Vegas delivers the fresh, energetic attitude and fun atmosphere
synonymous with downtown Las Vegas. The new casino hotel boasts 629 remodeled
rooms and suites and a unique two-level casino feature modern and vintage
floors. Cocktails, beer and frozen beverages abound inside the casino at
LONGBAR and on the Fremont Street Experience at D Bar. the D offers
contemporary American fare at D Grill, Detroit's legendary Coney Dogs at
American Coney Island and premium steaks and authentic Italian dishes and Joe
Vicari's Andiamo Italian Steakhouse.

About Golden Gate Hotel & Casino
The Golden Gate is Las Vegas' most historic hotel and casino, opening in 1906
at One Fremont Street.  Its legacy spans the birth of Las Vegas, the Roaring
20s and the Rat Pack era. The Golden Gate recently completed its first major
expansion in 50 years, adding a 35,000-square-foot luxury tower with 16
suites, an expanded gaming floor and a new lobby. The result is an intimate,
boutique hotel/casino that is energetic and contemporary, yet preserves its
historic character. 

SOURCE The D Las Vegas Casino Hotel; Golden Gate Hotel & Casino

Website: http://www.thed.com
Contact: Kaley Briesmaster, kbriesmaster@kirvindoak.com, 702-807-8350, or
Maddie Meister, Kirvin Doak Communications, mmeister@kirvindoak.com,
702-510-8058

-0- Jan/21/2014 11:00 GMT

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segeln
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January 21, 2014, 11:35:41 AM
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any better link to the press release ?
DutchBrat
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January 21, 2014, 01:13:01 PM
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any better link to the press release ?

I Pulled it from Bloomberg... let me see if I can find a link

http://abcnews.go.com/Travel/wireStory/vegas-hotel-casinos-start-accepting-bitcoin-21606807
http://finance.yahoo.com/news/las-vegas-hotels-become-first-110000488.html
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January 21, 2014, 01:32:57 PM
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Wowsers! Nice find!
TraderTimm
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January 21, 2014, 02:38:43 PM
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Nice one.

Las Vegas casino owners are extremely competitive, so this should be an interesting case of the "Prisoner's Dilemma". If they see adoption at the properties mentioned, then other casino/hotel operators would feel compelled to add it as well.

Thanks for posting this.

fortitudinem multis - catenum regit omnia
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January 21, 2014, 04:16:07 PM
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As the management begin to notice the absence of fraud from bitcoin payments, I expect them to become great advocates for cryptocurrency. Now all they need is press event where some super-rich early adopters come and to get spending that BTC... because most everyone else will be much less inclined to gamble with their crypto!

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January 21, 2014, 08:35:09 PM
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Interesting. I listen to 97.1 FM The Ticket (sports radio) out of metro Detroit, specifically The Valenti & Foster Show, and they push ads for The D Las Vegas.
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