Resorts World Las Vegas, a Genting-owned company, will open in June. Located towards the northern side of Wynn/Encore, the casino will partner with Gemini – a provider of online wallets and cryptocurrency exchange. This cryptocurrency service provider is owned by billionaire twins Tyler Winklevoss and Cameron Winklevoss.
The property is slated to open on June 24. It will have separate hotels, gaming arenas, poker rooms that will host tourney play and cash games.
The deal between Resorts World and Gemini will make this property the first crypto-friendly one on the Las Vegas strip. Together, the companies are pursuing the 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.
Presently, Resorts World gamers will use only Crypto for all purchases tied to non-gambling activities. They may not use crypto for gambling transactions or purchasing chips. The possibility of using crypto for mainstream gambling activities in the industry will grow as the usage of cryptocurrencies gains more widespread popularity.
Gemini’s online wallet service is suited for this possibility. The online cryptocurrency exchange supports almost every virtual currency. The use of crypto for mainstream gaming is dependent on how long Nevada regulators take to approve. Until then, cryptocurrency cannot be used to directly fund gaming transactions.
While Resorts World is officially the first Vegas Strip Casino to undertake this, some other downtown casinos already accept cryptocurrency for non-gambling-related purchases.
About Resorts World Las Vegas
Resorts World Las Vegas is being developed by Genting Berhad, a publicly-traded Malaysian corporation registered with the Nevada Gaming Commission. The company has affiliated operations in the Americas, Malaysia, Singapore, the United Kingdom, and the Bahamas.
Gemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens. Gemini’s simple, reliable, and safety fund gaming transactions directly products are built to empower the individual. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss.