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Bitcoin payments now accepted at two Las Vegas casinos but for hotel check-in only
1/21/2014 10:54:00 PM
Downtown Las Vegas just stepped into the 21st century, thanks to two casino hotels, which are now accepting Bitcoin in exchange for accommodation.
The Golden Gate and The D will now accept the virtual currency, though only at their front desks. Guests can use Bitcoin to pay for things like hotel rooms, meals, gifts, etc, but they cannot gamble with it.
The Nevada Gaming Control Board told the Associated Press that Bitcoin has a long ways to go before casinos can accept it as legal gambling tender. That's because gambling is a highly regulated industry and the Board would need an "extremely high level of comfort with virtual currency" in order for it to ever approve Bitcoin's widespread use.
Despite the Board's opinion of virtual currency, a co-owner of The Golden Gate and The D announced in a press release that the hotels agreed to accept Bitcoin after several customers asked about it in recent months.
READ: What is Bitcoin?
Consequently, the hotels - located on Fremont Street, a famous section of Old Vegas - have kick started the warming-up-to-Bitcoin process. They will however immediately convert all Bitcoin payments into USD, but only because the virtual currency still experiences severe fluctuation.
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