The casinos around Las Vegas are beginning to see a major surge in tourism. As a result, many of them have recently begun to expand their operations to cater to more visitors. New reports are now coming out that claim we could see crypto at Las Vegas casinos becoming available in the near future.
Cryptocurrencies have begun breaking into the mainstream recently. A growing number of people around the country have started investing and using crypto on a regular basis. Now is the perfect time to talk about why Las Vegas casinos are beginning to embrace these new forms of payments.
Let’s get into it!
Gambling Tourism is Ramping Up Heading into Summer
The US casino industry has come a long way since the mass casino shutdowns back in March of 2020. Nowadays, the country’s gaming industry is improving in almost every single way. Much of this is due to the major surges in tourism to gambling hubs.
Places like Las Vegas and Atlantic City are seeing a huge increase in their monthly visits. As a result, gaming revenue here has been growing steadily. Casino companies are reporting massive surges in their earnings every single month.
It seems likely that gambling tourism will continue to increase throughout the summer. June, July, and August are always the most popular times for visitors to head to gaming hubs. With the global health crisis now improving, it seems likely that places like Las Vegas will see record-levels of tourism.
The opening of Resorts World Las Vegas is also expected to bring in more visitors to the city. This venue has been under construction in the northern area of the Las Vegas Strip for years. It cost $4.2 billion to construct, making it the most expensive gambling property ever built in the city.
Some big changes are coming to Las Vegas. Recently, a growing number of individuals and businesses have called for the casinos in this city to begin allowing cryptocurrency payments. It now seems that some of the casino owners are listening to these requests.
Crypto payments have grown considerably more popular over the past year. Here’s what we know about these currencies making their way to Las Vegas.
Expect to See Crypto at Las Vegas Casinos in the Near Future
Cryptocurrencies have been around for more than a decade. Back in 2017, the prices of many major cryptos surged to record-highs before dramatically falling. This led many to criticize the entire crypto market as being too volatile.
Over the past year, this market has been growing at a steady pace. It’s a bull market and one that has seen most coins surpass their all-time highs. Interestingly, several major corporations have also begun to embrace cryptocurrencies.
Retail crypto investment is beginning to increase, too. Thanks to simple trading platforms like Coinbase and Robinhood, many individuals around the US are starting to dabble into the cryptocurrency game. As time goes on, more businesses are looking into how cryptocurrencies can benefit them moving forward.
It now seems that gambling fans will soon begin seeing crypto at Las Vegas casinos. The aforementioned Resorts World Las Vegas has just announced that it reached an agreement with the crypto exchange Gemini. The casino-resort plans to allow its patrons to use their Gemini wallets “to enhance the integrated resort experience.”
This is a huge move for both the crypto industry and for Resorts World Las Vegas. It seems that players here will be able to easily transfer their casino winnings into cryptocurrencies. More information on this subject will likely become available over the next few months.
The opening of Resorts World Las Vegas is now just over one month away. Here’s what this means for gambling fans around the country!
Resorts World Las Vegas Opens Next Month!
As just about everyone knows, Las Vegas is home to many of the biggest and best casinos in the world. The Las Vegas Strip, in particular, hosts some truly remarkable casino-resorts. On June 24, arguably the most impressive gaming property ever built here will officially open its doors.
This is Resorts World Las Vegas, opening in the northern area of the Strip. This venue has been under construction for many years and has gone through several design changes. Most expect it to be a true one-of-a-kind gambling property.
We’re beginning to hear more about this casino. Reports have surfaced recently that Katy Perry will be performing a residency here. Other stars such as Carrie Underwood and Tiesto are expected to be regular performers here.
Things are getting more exciting as opening day approaches. The Nevada Gaming Control Board has just recommended licensing for the owners of this resort. It’s one of the final hurdles in the way of getting it operational.
This Chinese-themed casino-resort should help to significantly boost tourism in the city. Many individuals around the country are curious to see what $4.2 billion comes up with. We’ll continue offering updates on this venue as its opening day draws closer.
Using crypto at Las Vegas casinos is slowly becoming normal. Are you excited to hear this development? Let us know in the comments section below!