The casinos around Las Vegas are seeing a sharp increase in tourism. As a result, many of them have recently started expanding their activities to attract more visitors. There are now new reports stating that crypto may be available in Las Vegas casinos in the near future.
Cryptocurrencies have started to break into the mainstream recently. A growing number of people across 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 starting to accept these new forms of payment.
Let’s get started!
Gambling tourism increases in the summer
The US casino industry has come a long way since mass casinos closed in March 2020. Nowadays, the country’s gaming industry is improving in almost every way. Much of this is due to the surge in tourism to gambling centers.
Places like Las Vegas and Atlantic City are seeing huge increases in their monthly visits. As a result, gaming revenue has grown steadily here. Casino companies are seeing massive increases in profits every month.
It is likely that gambling tourism will continue to increase throughout the summer. June, July, and August are always the most popular times for visitors to gaming hubs. With the global health crisis now improving, it’s likely that places like Las Vegas will see record levels of tourism.
The opening of Resorts World Las Vegas is also expected to bring more visitors to the city. This venue has been under construction for years on the northern area of the Las Vegas Strip. It cost $ 4.2 billion to build, making it the most expensive gambling object ever built in the city.
Some big changes are coming to Las Vegas. Recently, more and more individuals and companies have been demanding that the casinos in this city allow cryptocurrency payments. It now appears that some of the casino owners are listening to these requests.
Crypto payments have become significantly more popular over the past year. Here’s what we know about these currencies making their way into Las Vegas.
Expect to see Crypto in Las Vegas casinos in the near future
Cryptocurrencies have been around for more than a decade. As early as 2017, the prices of many important cryptos rose to record highs before falling dramatically. This led many to criticize the entire crypto market as being too volatile.
This market has grown steadily over the past year. It’s a bull market where most coins have passed their all-time highs. Interestingly, several large companies have also started accepting cryptocurrencies.
Retail crypto investments are also starting to increase. Thanks to simple trading platforms like Coinbase and Robinhood, many people in the US are starting to get into the cryptocurrency game. Over time, more and more companies are looking at how cryptocurrencies can benefit them in the future.
It now appears that gambling fans will soon see crypto in Las Vegas casinos. The aforementioned Resorts World Las Vegas has just announced that it has reached an agreement with the Gemini crypto exchange. The casino resort plans to allow its customers to use their Gemini wallets “to enhance the integrated resort experience.”
This is a big step for both the crypto industry and Resorts World Las Vegas. It seems that players here can easily convert their casino winnings into cryptocurrencies. More information on this topic is expected to be available in the next few months.
Resorts World Las Vegas is now just over a month away from opening. That means this for gambling fans across the country!
Resorts World Las Vegas opens next month!
As almost everyone knows, Las Vegas is home to many of the largest and best casinos in the world. The Las Vegas Strip in particular is home to some really notable casino resorts. On June 24th, the most impressive playhouse ever built here will officially open its doors.
This is Resorts World Las Vegas, opening in the northern section of the Strip. This venue has been under construction for many years and has seen several design changes. Most expect it to be a unique gambling object.
We are starting to hear more about this casino. Recently reports have surfaced that Katy Perry will be holding a residency here. Other stars like Carrie Underwood and Tiesto are expected to perform here regularly.
Things get more exciting as opening day approaches. The Nevada Gaming Control Board has just recommended licensing for the owners of this resort. This is one of the final hurdles during commissioning.
This Chinese-themed casino resort is set to help significantly boost tourism in the city. Lots of people across the country are curious about what will bring in $ 4.2 billion. We will continue to provide updates on this venue as the opening day approaches.
The use of crypto in Las Vegas casinos is slowly becoming normal. Are you looking forward to this development? Let us know in the comments below!