Topic: Will physical casinos accept crypto someday? - page 9. (Read 2014 times)
If countries are becoming more friendly to cryptocurrencies, it is possible physical casinos and other gambling sites will accept cryptocurrencies, this is not an issue but the issue is cryptocurrencies are online and suitable to use online, it is very possible most or almost all the customers that are making use of the casino may not use cryptocurrencies and prefer using fiat. If you check very well, you will know that the casino customers do not make use of electronic fiat transactions but prefer paper fiat and other substances that are physical like gold, fiat are suitable for them for this kind of purpose, I do not think enabling it will be successful.
Physical casinos might not adopt the use of crypto currency because it will prompt the development of an online exchange. Crypto casino is more appreciated online, except the physical casinos would decide to have an online alternative for gamblers who would prefer funding with crypto currency because without an exchange it would be a bit complicated calculating a game won and it's payout
I've stumbled upon this news written three years ago. At that time, there was accordingly only one brick-and-mortar casino which accepts Bitcoin for actual gambling. Other casinos have been accepting Bitcoin but not for placing bets. Even Las Vegas casinos have already been accepting Bitcoin as payment for several years already, but such is only limited to restaurants, gift shops, and so on, not on the gambling floor.
Merit Hotel Nicosia in Cyprus is different in that it actually offers Bitcoin gambling to its guests using Bitstamp's Bitcoin price. So there's at least one brick-and-mortar casino accepting Bitcoin bets.
Merit Hotel Nicosia in Cyprus is different in that it actually offers Bitcoin gambling to its guests using Bitstamp's Bitcoin price. So there's at least one brick-and-mortar casino accepting Bitcoin bets.
It's good to know that we have at least one excerpt in the article
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It’s nice to see that at least one land-based casino is willing to take Bitcoin payments. But it’s also discouraging for cryptocurrency users to find out that only one casino in the world offers BTC gambling.
at least we have one in case there are other casinos that would like to implement betting through Cryptocurrency, they will get an inspiration to this casino and might contact them for consultation on implementation.
I believe the first reason that you said is what they fear. A government crackdown.
We can't deny that if one physical casino starts it, a virus will be spread. Others will try to do the same that could lead to mass adoption.
They won't even try to scratch the surface that could lead to attacks from the government and would give them a difficult time from taxes to any reasons, even the unjust ones.
We can't deny that if one physical casino starts it, a virus will be spread. Others will try to do the same that could lead to mass adoption.
They won't even try to scratch the surface that could lead to attacks from the government and would give them a difficult time from taxes to any reasons, even the unjust ones.
I've stumbled upon this news written three years ago. At that time, there was accordingly only one brick-and-mortar casino which accepts Bitcoin for actual gambling. Other casinos have been accepting Bitcoin but not for placing bets. Even Las Vegas casinos have already been accepting Bitcoin as payment for several years already, but such is only limited to restaurants, gift shops, and so on, not on the gambling floor.
Merit Hotel Nicosia in Cyprus is different in that it actually offers Bitcoin gambling to its guests using Bitstamp's Bitcoin price. So there's at least one brick-and-mortar casino accepting Bitcoin bets.
Merit Hotel Nicosia in Cyprus is different in that it actually offers Bitcoin gambling to its guests using Bitstamp's Bitcoin price. So there's at least one brick-and-mortar casino accepting Bitcoin bets.
Yeah, wasn't aware that there is at least one casino accepting bitcoin to their guess and what's surprising is that it is located in Cyprus. I was expecting like US based casino, anyhow, this is a good use case, if ever they continue to accept it or if there are customers willing to try and used bitcoin. As we all know bitcoin is getting precious by the minutes and majority of us are holders although there are still gamblers who still uses it (like me), but with not that huge amount of fiat equivalent.
I guess they will not because most of the physical casinos are just regulated the paper money or the current currency they have in their country again the cryptocurrency is a volatile thing so they did not consider this. But i think in the future if the wide adaptation of the cryptocurrency becomes accepted for sure most of the businesses will adopt this kind of payment method but for now, they will not accept it yet. Still, we have online gambling casinos today already accepting and supporting the use of cryptocurrency payment.
I've stumbled upon this news written three years ago. At that time, there was accordingly only one brick-and-mortar casino which accepts Bitcoin for actual gambling. Other casinos have been accepting Bitcoin but not for placing bets. Even Las Vegas casinos have already been accepting Bitcoin as payment for several years already, but such is only limited to restaurants, gift shops, and so on, not on the gambling floor.
Merit Hotel Nicosia in Cyprus is different in that it actually offers Bitcoin gambling to its guests using Bitstamp's Bitcoin price. So there's at least one brick-and-mortar casino accepting Bitcoin bets.
Merit Hotel Nicosia in Cyprus is different in that it actually offers Bitcoin gambling to its guests using Bitstamp's Bitcoin price. So there's at least one brick-and-mortar casino accepting Bitcoin bets.
There are plethora of online casinos (gambling sites) which accept popular cryptocurrencies like Bitcoin and Ethereum. This is good because you can place your bets anonymously without all of the hurdles involved with Fiat. No KYC, means freedom. The only downside is that you'll be missing the experience of gambling in a real world setting. Physical interaction is not the same as going virtual.
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts?
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts?
The crackdown is the least of the concern volatility is and how to set up the system, some transactions take time to arrive, when you are betting with chips there is no waiting time to consider, and it takes out the excitement when there are delays in the transaction, but who knows the probability is high that one gambling casino will take up the idea and set it up, there's a huge market on this.
There are quite a few issues with adopting crypto as payment right now, even more so considering it as one of the main payments. They may create a system for it now, but honestly, I doubt it would be used THAT much. It just isn't a mainstream method of payment YET imo. Issues include transaction speed, fees, and in general, the number of users that would actually use it. It isn't actually wrong to say that most people see Bitcoin as a way to store their money or as an investment, and not as a currency yet.
Some of these extra services are not really up to the casino itself, it's you the customer that makes these services possible should you keep requesting for them, and they will come due to popular demand.
Fyi the future looks more than ready to see more businesses not only casinos accepting crypto but this will happen if our ecommerce platforms can take this up and prove that it works.
Fyi the future looks more than ready to see more businesses not only casinos accepting crypto but this will happen if our ecommerce platforms can take this up and prove that it works.
Isnt already been adopted?
Properties like The D Hotel and Casino and Golden Gate Hotel and Casino currently accept Bitcoin and allow customers to pay for dining, hotel reservations, items at the gift shops and the front desk.
Vegas Auto Gallery, which caters to high end customers and luxury cars, also take Bitcoin as payment.
Link source: https://www.ktnv.com/13-investigates/bitcoin-bonanza-cryptocurrency-soars-in-value-las-vegas-casinos-business-embrace-it
Properties like The D Hotel and Casino and Golden Gate Hotel and Casino currently accept Bitcoin and allow customers to pay for dining, hotel reservations, items at the gift shops and the front desk.
Vegas Auto Gallery, which caters to high end customers and luxury cars, also take Bitcoin as payment.
Link source: https://www.ktnv.com/13-investigates/bitcoin-bonanza-cryptocurrency-soars-in-value-las-vegas-casinos-business-embrace-it
As far as I understand, they are not yet directly accepting bitcoin inside the casino (games) but only in other services like what you mentioned.
It is not yet integrated in casino games like slots as they are still thinking how they can integrate crypto.
But as mentioned above, maybe the direct acceptance of btc or any other crypto is possible, like in El Salvador.
But right now, crypto payment is only possible with other casino services but not yet in their in-house games.
Isnt already been adopted?
Properties like The D Hotel and Casino and Golden Gate Hotel and Casino currently accept Bitcoin and allow customers to pay for dining, hotel reservations, items at the gift shops and the front desk.
Vegas Auto Gallery, which caters to high end customers and luxury cars, also take Bitcoin as payment.
Link source: https://www.ktnv.com/13-investigates/bitcoin-bonanza-cryptocurrency-soars-in-value-las-vegas-casinos-business-embrace-it
Properties like The D Hotel and Casino and Golden Gate Hotel and Casino currently accept Bitcoin and allow customers to pay for dining, hotel reservations, items at the gift shops and the front desk.
Vegas Auto Gallery, which caters to high end customers and luxury cars, also take Bitcoin as payment.
Link source: https://www.ktnv.com/13-investigates/bitcoin-bonanza-cryptocurrency-soars-in-value-las-vegas-casinos-business-embrace-it
As far as I understand, they are not yet directly accepting bitcoin inside the casino (games) but only in other services like what you mentioned.
It is not yet integrated in casino games like slots as they are still thinking how they can integrate crypto.
But as mentioned above, maybe the direct acceptance of btc or any other crypto is possible, like in El Salvador.
But right now, crypto payment is only possible with other casino services but not yet in their in-house games.
With crypto existence, there's a big chance that adoption will take place and even gambling industry will acknowledge this system.
Thats not going to happen unless crypto is part of the legal tender for the country. A casino in El Salvador will most likely accept bitcoin because its a legal tender there so there is no reason to deny it.
Most people seems to treat crypto as an asset instead of currency so there is no chance that it will be accepted in a casino. If gold bar isnt accepted in a casino then chances are slim that crypto is going to be accepted as well. Some casino probably will accept it but majority wont
Isnt already been adopted?
Properties like The D Hotel and Casino and Golden Gate Hotel and Casino currently accept Bitcoin and allow customers to pay for dining, hotel reservations, items at the gift shops and the front desk.
Vegas Auto Gallery, which caters to high end customers and luxury cars, also take Bitcoin as payment.
Link source: https://www.ktnv.com/13-investigates/bitcoin-bonanza-cryptocurrency-soars-in-value-las-vegas-casinos-business-embrace-it
Properties like The D Hotel and Casino and Golden Gate Hotel and Casino currently accept Bitcoin and allow customers to pay for dining, hotel reservations, items at the gift shops and the front desk.
Vegas Auto Gallery, which caters to high end customers and luxury cars, also take Bitcoin as payment.
Link source: https://www.ktnv.com/13-investigates/bitcoin-bonanza-cryptocurrency-soars-in-value-las-vegas-casinos-business-embrace-it
In the future they might be but for now, there’s a higher chance for online casinos to accept crypto aside from fiat money.
Aside from crypto gambling site we know that your local casinos also have their own gambling site, so crypto might be one of the option for them subject for regulations. If crypto is legal in your country, the probability are much higher.
Aside from crypto gambling site we know that your local casinos also have their own gambling site, so crypto might be one of the option for them subject for regulations. If crypto is legal in your country, the probability are much higher.
Hopefully, in due time we will be able to see physical casino undergo into adoption which caters cryptocurrency as one of their gambling currency which is a good alternative for betting.
yeah it goes to digital currency categories, very possible to see crypto since there are more and more online gambling site who are enjoying the benefits of this system, sooner or later physical casino will adopt this system and start accepting it as alternative to fiat.Quote
On this technical idea, many methods will conveniently change in a way that cashless account would probably be used as the best and efficient ways to deal with your lucky winnings.
cashless also avoid bringing physical fiat which endangered gamblers securities. With digital ways, there's no need to bring anythingjust the device where you store your assets,.
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Both fiat and digital currency will be merged, in that ways people will eventually adopt in the long process.
With crypto existence, there's a big chance that adoption will take place and even gambling industry will acknowledge this system.
Even it will be implemented, I doubt many will use it. Why should we convert our crypto just to play in fiat-based casinos if we can use it directly to where it should be, crypto-casinos.
If we plan to go into physical casinos, just convert to fiat in our own way. We can choose too on what rate we can convert at any time unlike in a physical casino, you are forced to sell and convert your crypto at that time just to play there.
If we plan to go into physical casinos, just convert to fiat in our own way. We can choose too on what rate we can convert at any time unlike in a physical casino, you are forced to sell and convert your crypto at that time just to play there.
Although sometimes Bitcoin is legal in certain countries, many industries especially gambling still don't consider it as one of the payment methods for the payment transaction that is sometimes not as fast as cash, debit, or credit or other kinds of payment.
Additionally, they may still also consider another risk to have payment with Bitcoin where if they accept the payment at the high rate and then the price of BTC drops drastically quickly, they will think that they lose some of their money.
But, we don't know even the future.
Maybe, there will be other considerations and interests from some offline gambling to consider and accept Bitcoin.
And here, maybe it can be good news in the future
https://www.gamblingsites.org/blog/land-based-casinos-looking-to-accept-bitcoin-for-slot-machines/
Additionally, they may still also consider another risk to have payment with Bitcoin where if they accept the payment at the high rate and then the price of BTC drops drastically quickly, they will think that they lose some of their money.
But, we don't know even the future.
Maybe, there will be other considerations and interests from some offline gambling to consider and accept Bitcoin.
And here, maybe it can be good news in the future
https://www.gamblingsites.org/blog/land-based-casinos-looking-to-accept-bitcoin-for-slot-machines/
There are plethora of online casinos (gambling sites) which accept popular cryptocurrencies like Bitcoin and Ethereum. This is good because you can place your bets anonymously without all of the hurdles involved with Fiat. No KYC, means freedom. The only downside is that you'll be missing the experience of gambling in a real world setting. Physical interaction is not the same as going virtual.
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts?
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts?
I'm sure many people are wishing physical casinos will accept Crypto as bets, but so far they can only have Crypto ATM in their place and Vegas has ATMs in their location unfortunately these gambling capitals of the world are not yet ready to accept bets in Cryptocurrency, because they will have to change the system which is already implemented since the day they set up their casinos, if ever we will have one that will probably come from a new company who wants to set up a system that will accept Cryptocurrency as a bet.
It's a big challenge but if one casino succeeds we will have more coming up.
Hopefully, in due time we will be able to see physical casino undergo into adoption which caters cryptocurrency as one of their gambling currency which is a good alternative for betting.
On this technical idea, many methods will conveniently change in a way that cashless account would probably be used as the best and efficient ways to deal with your lucky winnings.
Both fiat and digital currency will be merged, in that ways people will eventually adopt in the long process.
On this technical idea, many methods will conveniently change in a way that cashless account would probably be used as the best and efficient ways to deal with your lucky winnings.
Both fiat and digital currency will be merged, in that ways people will eventually adopt in the long process.
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