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Two downtown Las Vegas casino properties are slated to begin accepting bitcoin in the coming days, according to a press releasefrom MGM Resorts International, which operates two properties in Las Vegas.
The MGM Grand and MGM Grand Las Vegas — two of the city’s most famous hotels and home to more than 1 million guests annually — are offering bitcoin for gambling, casino games, and merchandise starting in mid-May.
«We are bringing bitcoin to Las Vegas as an exciting and innovative technology to enhance the experiences of our guests and make sure we serve our guests and our community with the highest levels of security,» said Ed Stone, vice president and general manager of MGM Resorts International, according to the press release. «Bitcoin does not exist in a vacuum and we understand the concerns around it but we see it as a positive and exciting innovation that will allow the world’s greatest hospitality companies to do more for their guests.»
Las Vegas resident and Bitcoin enthusiast, Eric Holm, was excited about the announcement, and said that it’s great he and his family have an opportunity to experience bitcoin at their favorite casino.
«It’s nice to be a part of it, and I’m excited about bitcoin, especially in Vegas. I’m always looking for an opportunity to use my bitcoin,» he told CoinDesk.
Holm said he and other gamblers often shop at casinos in other cities where they visit to try out new games that are offered.
«I see it as being a part of the fun. I’m a fan of casinos,» he said. «It’s more convenient that way, the same way other retailers give away free toys when other stores are doing gift cards. It’s a win-win for both parties.»
The MGM Resorts International press release further stated that there is a «continued shortage of traditional currency, making the development of a robust cryptocurrency environment more exciting».
Although bitcoin’s popularity has risen dramatically throughout the last two years, it’s still a relatively small market and many Americans don’t understand the full potential of the digital currency.
However, with the announcement of the Las Vegas casinos, it’s clear there is interest in the cryptocurrency among American gamblers. However, it’s unclear how widespread bitcoin acceptance at these casinos will be.
The press release did not specify how a bitcoin was being accepted but said that the transaction would be conducted via the company’s proprietary «Casino ATM system». The press release suggested that at least one of the casinos in the Las Vegas properties would be using the system.
Image via Shutterstock
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