A Las Vegas casino-resort that aims to open for business in June 2021 has just partnered with major crypto exchange Gemini. Resorts World Las Vegas said in a May 6, 2021 announcement that it would be allowing customers to use their Gemini wallets to enhance the integrated resort experience.
President Scott Sibella said that the move comes as a part of efforts to integrate “innovative technology conveniences” across the resort. Some of the Las Vegas casinos have just been allowed to return to full capacity this week.
Gemini co-founder and CEO Tyler Winklevoss mentioned that patrons can now convert fiat into crypto at this resort. This means that some may have the ability to win at a casino game on the floor, then invest the funds into digital currency.
International Game Technology, a major slot machine manufacturer, got a patent earlier in the year for a system that would enable gamblers to transfer cryptocurrency from their accounts into a “gaming establishment account.”
Online activity on gambling sites considerably increased during the coronavirus pandemic as most casinos were compelled to reduce capacity or shut down operations entirely. Just this week, some of the Las Vegas resorts have been allowed to return to 100% capacity after a considerable number of employees got the COVID-19 vaccine.
Last November, the Winning Poker Network had experienced massive demand from the players to be paid in Bitcoin (BTC) before the crypto asset surpassed $20,000. The Chinese-themed casino-hotel that was built at a cost of over $4 billion is scheduled to open to the public on June 24.