Bitcoin and casinos

[deisik]

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

[peter0425]

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

Are you talking about online casino?because what OP asking is in real life casino if we are already using or accepting bitcoin and not online casino that are now having bitcoin and some altcoin as a mode of betting

Things that I think still on process,because they it wasn’t offered in real(or maybe I’m missing something)but in our place still none of this are happening

[fortunecrypto]

I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.

Is it already happening? - I don't mean on the internet

And do you think this will be future of casinos?

Online gambling is the first to embrace it, so it's expected that casinos will follow the trend and it's only a matter of time, they have to study the structure and upgrade their system to accept Cryptocurrency, but it's already happening on some casino maybe five years from now we have 70 of casinos using Bitcoin, because it's the future payment, that they cannot ignore.

[michellee]

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

In a real casino? I guess that the crypto will become popular in your country in a gambling field because I think in the real casino, they only use fiat and in online gambling, which using cryptocurrency as the bet. But yes, if crypto can be used in the real casino, that will help the growth of crypto in that country and no matter if only the gamblers will use crypto, soon it will reach more people in that country because they will tell their story to other people how they can take the benefit of cryptocurrency.

[Peashooter]

I remember some casino in Las Vegas that accept bitcoin as a trade to a chips but I don't know what casino is this, this is not an online casino in which you can play on their website, but I dont have any news right now if it is still regulating. But most popular right now if you want to gamble your bitcoins is through websites in which you are playing also in a real players but it is on the internet. I think it would be hard for now to says that this would be the future of casinos because many people still want an live gambling and live casinos.

[LogitechMouse]

I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.

Is it already happening? - I don't mean on the internet

And do you think this will be future of casinos?

Online gambling is the first ones to embraced crypto or accepted crypto in their sites. Now there are some casinos who are accepting Bitcoin and other cryptos as a payment for the chips already. Even though there are some online gambling sites already, there are still gamblers who prefer gambling in a casino rather than online and there are some gamblers who doesn't know Bitcoin at all.

For me, in the future there will be some people who are gambling in casinos that will just gamble online for some reasons but still the gambling industry will be huge as always.

[Betwrong]

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

I agree with you on "crème de la crème" that most of them are well educated, but these people do not make up the majority of Las Vegas visitors. Take a look at the stats:

Number of visitors to Las Vegas in the United States from 2000 to 2018 (in millions)

I presume that over 90% of those 40 million are not "crème de la crème", don't you think?

The vast majority of Las Vegas visitors are middle-class customers, and although some of them still can be well educated, most of them are definitely not.

Yet I think you are absolutely right regarding the new rich. Folks from the crypto community will be joining the multi-millionaire squad with increasing pace, and casino operators should definitely take that into account.

[sunsilk]

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

You should've mention on which crypto you're living. It's hard to guess if there's no clue so that we can verify if that's really happening there. And if that's actually a legit thing on your country, that's actually a good initiative for that casino.

Online casinos became one of the industry that adopted bitcoin and altcoins as follows. No doubt that nearly in the future, the physical ones that sees an advantage or see it as another gateway for their gamblers will adopt it.

[pandukelana2712]

As far as I know, some people who use bitcoin aren't confident when playing at offline casinos.
They're comforting when they're playing in their safety zone, so that why online casino more enjoyment for bitcoiners.

Also, most bitcoiners play with anonymous identities for privacy reasons.

[TheUltraElite]

Also, most bitcoiners play with anonymous identities for privacy reasons.

There still exists a lot of gamblers who play for fun on physical casinos. Not everyone is using or knowing about crypto and many of them dont adopt or think bitcoin to be worth using. Some, like in popular media consider it to be a ponzi, though for bitcoiners they know its not true. So this is more of a bitcoin Vs Adoption context.

Privacy is one thing and bitcoin is pseudo-anonymous. A good blockchain forensic service can find out a lot of information on the address spending the coins and casinos need to do that for tainted sources. It does give a mode of privacy but its not completely so.

[Fredomago]

As far as I know, some people who use bitcoin aren't confident when playing at offline casinos.
They're comforting when they're playing in their safety zone, so that why online casino more enjoyment for bitcoiners.

Also, most bitcoiners play with anonymous identities for privacy reasons.

That's the benefits of using bitcoins when playing online, they are enjoying the comfort playing inside their own place without worrying
that someone might see them, the privacy and the easy way to transact are the factors why bitcoiners chose this venue to use as an
alternative to real offline casino,

Many more people adopting this feature using anonymous gaming.

[leea-1334]

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

I would not either! Regular people are actually a lot less knowledgeable about things that even they do a lot. Like me, for example, I gambled quite a lot online for a very long time but I only found out about provably fair and house edge when I came into crypto, believe it or not!

And I bet there is still a lot of people like me who have yet to understand crypto and gambling.

[glendall]

that's already happening, casinos support bitcoin bets, and even more modern cryptocurrency gambling,
and of course this is a future casino development, in a few years I am sure there will be more casinos and more sophisticated gambling with bitcoin or cryptocurrency bet and payments.

[Colt81]

I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.

Is it already happening? - I don't mean on the internet

And do you think this will be future of casinos?

I think it is already happening in online casinos that they are now accepting bitcoin and other cryptocurrency as payment or for them to be able to play. But in real casinos, i don't think it is already happening because bitcoin does not regulated by the government that they can only accept fiat.

[deisik]

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

I agree with you on "crème de la crème" that most of them are well educated, but these people do not make up the majority of Las Vegas visitors. Take a look at the stats:

Number of visitors to Las Vegas in the United States from 2000 to 2018 (in millions)

I presume that over 90% of those 40 million are not "crème de la crème", don't you think?

Was it Mark Twain who said that there are three kinds of lies?

Namely, lies, damned lies, and statistics. And since the intensity seems to be rising from left to right, we must assume that statistics are the most insidious and treacherous form of lies, even more damned than the most damned of all lies. More specifically, we don't know how unique these visitors are at all

As with online gamblers, there should be gambling addicts as well who spend their whole days, or rather nights (or maybe even days and nights), at the tables. In this way, we should be very cautious to draw any definitive conclusions from these figures as to who actually visits these establishments and how often

The vast majority of Las Vegas visitors are middle-class customers, and although some of them still can be well educated, most of them are definitely not

In fact, I heard that narrative many years ago, that the majority of money comes from simple folks. But that must be an urban legend, myth, or something to that effect

Yet I think you are absolutely right regarding the new rich. Folks from the crypto community will be joining the multi-millionaire squad with increasing pace, and casino operators should definitely take that into account

New money versus old money

[Reatim]

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

While merging is on the way,yet people are looking for alternative just like online casino that a Bitcoin can be use as support money because sometimes in late hours it happens that we are lack of funds and even credit cards is in max debt so the last option is our crypto assets in which I think advantages also for the gambling operators if they will only look at the probability of bitcoin can grow in just a day but also may fall at same way

[pandukelana2712]

There still exists a lot of gamblers who play for fun on physical casinos.

As I said above:

some people who use bitcoin aren't confident when playing at offline casinos.

My post about the people who use bitcoin, not everyone who plays at the physical casinos (offline casinos).
Btw, I agree with you about the privacy, I just thinking about online casino with super KYC.
we use bitcoin at the casinos, but we must verify our identity for withdrawing.

[GatotKaca]

I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.

Is it already happening? - I don't mean on the internet

And do you think this will be future of casinos?

the possibility that people who bet with bitcoin for a casino I think he must have the confidence and ability to benefit in the casino, people who do not have the skills to bet in the casino would not dare to do that.

[DoublerHunter]

My post about the people who use bitcoin, not everyone who plays at the physical casinos (offline casinos).
Btw, I agree with you about the privacy, I just thinking about online casino with super KYC.
we use bitcoin at the casinos, but we must verify our identity for withdrawing.

^ If they are forcing to implement KYC in an online casino, probably gamblers will go and stay away because usually, gambling did not have KYC especially if using only crypto when in terms of depositing as a fund. Not necessarily to verify our identity when we are going to withdraw in casino they have use if not implemented KYC. Possible if that is a huge amount like thousands of dollars or millions but beyond that, is not necessary to do so.

[pandukelana2712]

-snip-

The casino owner said KYC for removing bot user at their casinos.
Probably in this case, the casinos have a big bonus for their user, and the bad guy seeing this as opportunity and use this situation for cheating that casinos.
At another case, its about regulations of the government where that online casino belonged.