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Author Topic: 3billion casino with a crypto trading floor.  (Read 153 times)
yayayo
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December 12, 2021, 03:03:11 PM
 #21

This is too good to be true proposal. I can't find any source besides the link attached. I want to know what major company behind this idea especially since its focusing on crypto. The one who proposed this doesn't how much risk they will gonna get for entering physical crypto in US. I will believe this if the proposal location is on El Salvador or other country that is will known for being open for cryptocurrency.

SEC is hesitant to accept physical backed Bitcoin ETF. So I doubt that a physical crypto casino can get easily established out there but still a good news for crypto holders if this really happens.

It is not wrong that anything that is good for crypto adoption is ideal for all of us to exist, as this expectedly impact the market and in turn impact us as well like what @mindrust stated.

Any crypto adoption is good. In this situation, it is a huge step.

However, questions such as those mentioned by @kryptqnick, also came across my mind and what could be the consequences of building such.

The article is based on a pitch, so it doesn't mean that this will actually happen. Also, when I tried googling a crypto-trading floor, all search results are basically about this very pitch, so my question remains: what's a crypto-trading floor? Does it mean that, apart from a casino, there will be basically a physical crypto exchange? Will any fiat be involved on this crypto-trading floor, and will there be crypto or fiat payments in the casino itself? And what will be tax implications be if any event of crypto trading apparently calls for a tax report in the US?


I also have my doubts about this but I wanna stay positive about the idea. Let us all just wait for this to surface and hope for the best. I am really hopeful that this could actually bring many positive for the industry and public awareness.

ya.ya.yo!

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December 12, 2021, 05:12:18 PM
 #22

Hmm seems interesting. I'm more astonished by the fact that they're making it more of a multi-purpose entertainment floor instead of just simply being a crypto gambling casino that has a brick-and-mortar service type. They're really trying to keep up with the times and cater to a lot of customers. Though I guess there may be limitations for the younger audience, that or they're separating and guarding the venues for eSports and for gambling. Might just be the start of a place that has that floor as their center tbh since it looks interesting enough, not to mention the investments they're placing on it.
To me this is the most interesting aspect of all, if this just a new casino then there will be not much to be excited about, after all the announcement of another casino being built is not such a great news, but the fact that the owners of this casino are trying to include all kind of amenities for a more modern audience means that this could be the model of the casinos that may appear in the future and that are more geared to the new technologies and forms of entertainment we could see in the future.
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