Resorts World Las Vegas is delivering on a promise to transform its property into one of the most crypto-friendly places in Nevada through a new partnership with Gemini, the crypto exchange owned by the Winklevoss twins.
Announcing the news late on Thursday last week, the property’s developer, Genting, stated its ambition to transform Resorts World into a hot spot for all things crypto.
Gemini’s addition is an important steppingstone in this direction, but both partners will have to cool their enthusiasm while regulators thrash out the details. Betting in Bitcoin or any altcoin for that matter is still not allowed in the Silver State, unlike Wyoming.
In a statement, the companies explained that they are looking to encourage the “creation and implementation of crypto-friendly services at best-in-class institutional rates across all areas of the integrated resort experience”.
More importantly, this is a first-of-its-kind partnership whereby a Las Vegas retail gaming property has partnered up with a crypto firm to promote gaming.
A similar development from earlier this year was when International Game Technology (IGT) obtained a patent enabling it to add an option that grants gamblers the right to transfer crypto assets to their gaming accounts at authorized and registered casino properties.