Resorts World Las Vegas Announces Partnership With Gemini

[cygan]

on june 24th the first hotel/casino in las vegas will open which also allows and offers crypto payments.
its then possible to pay the stakes directly with the gemini wallet but also to have the winnings paid out directly in BTC.

In an announcement today, Resorts World Las Vegas said it would be allowing customers to use their Gemini wallets “to enhance the integrated resort experience.” President Scott Sibella said the move was part of an effort to integrate “innovative technology conveniences” across the resort.

https://cointelegraph.com/news/crypto-on-the-casino-floor-las-vegas-resort-partners-with-gemini

This partnership aims to make Resorts World Las Vegas one of the most crypto-friendly resorts on the Las Vegas Strip, offering guests the convenience and security that only Gemini can provide.

Together, the companies are pursuing creation and implementation of crypto-friendly services at best-in-class institutional rates across all areas of the integrated resort experience. Details about these services will be finalized and announced in the coming weeks.

https://www.prnewswire.com/news-releases/resorts-world-las-vegas-announces-partnership-with-cryptocurrency-exchange-gemini-301285716.html

[1715034638]

1715034638

[rhomelmabini]

This is just the genesis of upcoming surge of other resorts to adapt in cryptocurrency transactions. I am just hoping they will maintain this crypto-friendly approach and not just because there's hype in the market on using crypto or only at the beginning.

[Yogee]

This is a traditional business so that means new players would still have to submit their personal information and get verified. At least this is not the same as other establishments where they hire a third party to convert BTC deposits from their customers and receive them into their fiat accounts.

Gemini co-founder and CEO Tyler Winklevoss hinted that patrons would be able to convert fiat into crypto at the resort, meaning that some may have the ability to win at a casino game, then invest those funds into digital currency. Major slot machine manufacturer International Game Technology received a patent earlier this year for a system that would enable gamblers to transfer crypto from their accounts into a “gaming establishment account.”

[fiulpro]

Okay , this is actually cool.
I think Gemini wallet is amazing since they are :
- Insured
- Widely accepted
- plus they do not connect to the decentralized exchanges making it even more safer.
But I do think there are some probelms here :
-Due to high fee people actually prefer making the transactions in ETH which is not supported by Gemini wallet. So I do think the company should allow a wide variety of cryptos there. Maybe they are just trying it out with BTC and seeing how it goes for them. I do hope they expand it to at least ETH. But then again it's a good thing.

[YOSHIE]

So far, what we know in Las Vegas is known by applying physical casino gambling / real betting on the table, in dollars.

If Gemini and Resorts World are collaborating / partnering in gambling this is a very good idea for casino gambling players in Las Vegas, Bettors have the convenience for those who have crypto / Bitcoin to withdraw / exchange into fiat money, as well as for security for guests who want to bet in the casino.

With the second idea, which is implemented by both of them will have a positive impact for those who make gambling bets at Resorts World, without having to carry money in their suitcases, enough to have Bitcoin assets on the Gemini exchange can immediately play security is more guaranteed from crime.

[acener]

Great news for gemini wallet users and gambler at Las Vegas they could now experience using their wallet at Resorts World.
Great Publicity and movement for crypto I hope that there would be more and more companies and establishments that would accept crypto as payment option or withdrawal option.

[AmoreJaz]

this is great news, another great publicity for cryptocurrency/Bitcoin, and a big step for the Resorts World franchise. if this step proved to be successful and gained a lot of attention, I wonder when will I see this integration reach other Resorts World around the globe.

anyway, the thread best suited in gambling discussion. thanks for sharing btw.

yes, this thread should be moved to the gambling discussion board.
 i believe this venture will be a successful one since this will be a convenient option for gamblers having their digital wallet that can easily be accessed to. they can move around their funds much easier and safer too. am certain, some of their franchises are already looking into this move. and so with other casino establishments.

[TwitchySeal]

I'm guessing there will be a lot of hoops to jump through and a lot of fees to pay if you want to sell crypto to a vegas casino.

[Beparanf]

I'm guessing there will be a lot of hoops to jump through and a lot of fees to pay if you want to sell crypto to a vegas casino.

Besides the fee, The crypto price they will use was surely extremely high/low to the average market just like what the typical crypto payment solution rate. I doubt that they will use the exact exchange rate of Gemini in the process.

[Obito]

I'm guessing there will be a lot of hoops to jump through and a lot of fees to pay if you want to sell crypto to a vegas casino.

Maybe at first there will be a lot of hoops to jump but I don't think it won't last that long, maybe we can just wait it out auntil the business has a grasp over the casino itself. It's good that they are adopting this kind of thing and I hope that it will surpass more than just gambling but also the hotel services of that resort.

[swogerino]

This is great news.The more visibility from what are called "big names" is good for cryptocurrency in general.This however is not good enough to impact directly the actual price of Bitcoin which is stuck from quite some days near the 60k range.A lot more of these moves are needed in order to see the Bitcoin price impacted but as a beginning this is a very good one.

[UserU]

While that's indeed a good news, ironically the country where it originates from (Genting Group Malaysia) is unable to follow suit because of the amount of red tapes imposed by the SEC.  

[Vaskiy]

This is really interesting. Maybe in the future this will attract more users, because it takes time for people to get adopted to the technology and usage of cryptocurrencies. In the past more number of service renders started to accept cryptocurrency, but for some reason they didn't gained good revenue out of it. Now scenario is different compared to the past in terms of adoption. So, the usage will surely increase and now into gambling will be add more power.