Las Vegas' Oldest Casino Starts Accepting The World's Newest Currency - Bitcoin

Tyler Durden's picture

Two Las Vegas casinos will become the first known US gambling premises to accept the increasely popular cryptocurrency. The co-owned Golden Gate (Las Vegas' oldest casino) and The D Las Vegas Casino Hotel will begin accepting bitcoins on Wednesday as payment for hotel rooms and related purchases, but, as Bloomberg Businessweek reports, state regulators are unlikely to allow casinos to exchange chips for bitcoins any time soon, according to A.G. Burnett, chairman of the Nevada Gaming Control Board.


Via USA Today,

The two downtown Vegas properties, which share an owner, will accept the currency at five locations, including their front desks and the D's Gift Shop. Guests also can use the currency at the D Hotel's American Coney Island hot dog shop and Joe Vicari's Andiamo Italian Steakhouse.


Alas, they won't be able to gamble with them just yet.


The Bitcoin purchases will be processed through BitPay, which allows merchants to accept Bitcoins just as they would Visa, MasterCard or Paypal.

and Reuters adds,

"Downtown has really become a technology hub for all of Las Vegas," Derek Stevens, co-owner and chief operating officer for both casinos, told Reuters. "I think it is fitting that the Golden Gate and The D are the first hotels to offer (bitcoin)."


Stevens said patrons increasingly had requested to use bitcoins over the past year. By becoming the first known casino hotels to accept the virtual currency, he hoped to attract customers unable to spend bitcoins at other local businesses.


"I think that this is a technology where early adopters have an advantage," he said.


The casinos will install iPads at cashier stations and use the online platform BitPay to process the currency, which can be loaded into a virtual wallet and used with a mobile device.


But not for gambling yet,

State regulators are unlikely to allow casinos to exchange chips for bitcoins any time soon, according to A.G. Burnett, chairman of the Nevada Gaming Control Board.


The industry has not approached regulators about approving the currency for gambling.


"We would have to have an extremely high level of comfort with virtual currency of this kind in order for that to ever occur," Burnett said.

Interestingly - after all the extreme volatility of the past few months, Bitcoin has traded in a "relatively" narrow range between $750 and $850 in the last 2 weeks.


It didn't take long for some enterprising young chap to come up with this either...

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Four chan's picture

the d is a nice place to stay, all updated rooms and a resonable rate.

nope-1004's picture

Not sure this is as much pro Bitcoin as it is desperation among the casinos.  The last few years have been brutal in Vegas.


Ignatius's picture

A chance for wave-riding bitcoiners to lose all their money in a thoroughly modern, tech savy way.

Prisoners_dilemna's picture

i just pulled Confederacy of Dunces from off a buddies shelf. I dont remember why 10 years ago I loved it so much; so I'm reading it again.


In other news Bitcoin is now being accepted in Vegas by the oldest casino.  They probably accepted gold back in the day.


I know I know   gold's been around longer and all that....

chumbawamba's picture

This is stupid.  What motivation does any casino have for accepting Bitcoin?  If anything you'd think casinos would be the last to adopt an unproven, all-software currency that hardly has (I'm guessing) one percent penetration amongst the typical casino guest pool, because they're not in the business of losing money, nor risking it for that matter.

So what gives?  Seems to this punk's eyes it's a desperate ploy to speed up forced adoption of what was slated to be the world's first globally accepted digital currency--a one world currency for a one world system--but that has met resistance because there are only so many fonestars in the world, and all of them are pretty stupid, so no one's buying it.

Full disclosure in the interest of maintaining integrity: I hold a little over two "bitpennies" (0.02+ BTC).  One was bequested unto my estate by the Great DoChenRollingDoobies, the other I mined (over the course of several weeks, but I still have a couple days of mining to do to collect my bounty as my mining rig crashed when it almost got to the finish line), and I accumulated an insignificant amount from a few bitcoin "spigots".  I would have ignored it entirely but my curiosity was piqued when DoChen came into the chatroom one night offering free bitcoins, and when someone offers you free currency, you take it first and ask questions later.  I started researching Bitcoin and found it to be a remarkable system, despite all my (valid) criticism of it.  And notwithstanding my opinion that it's a brilliant design that mimics many of the features of gold--in fact you could consider it "digital gold"--I wouldn't trust it to hold more than a risk-free speculative amount, and it's a shitty way to lose all your wealth if the Sun belches out a permanent "banking holiday" by way of a coronal mass ejection that takes out the planet's electrical grid and, therefore, the internet, without which Bitcoin cannot function.  But at the time I got my first bitpenny, it was worth maybe $4, and within a few short weeks it was worth over $10.  So seeing an opportunity to maybe cash in, I explored mining for bitcoins, mostly riding the coattails of qqqqqqqqqqqqqtrader's research, and when he gave me two USB "bit-eruptors" that were too paltry to include with his two Butterfly Labs BFL-60 mining rig, it was a no brainer.  I pulled a working PC from the incoming recycling stream, hooked up a USB bus, plugged in the bit-eruptors, went over to, download the Java applet and off it went.  So it's been fun, it's been interesting, I hope my paltry two bitpennies can one day buy me a decent ounce of Humboldt-grown greenbud, but as far as my personal adoption, no thanks.  I don't trust nor use facilities or devices proffered by the US government and its departments and agencies, as their only purpose is to keep you on the plantation.

I am Chumbawamba.

TheHound73's picture

Right on.  I assume you shredded all your Platntation issued credit cards and closed all banking accounts as well?  Only bullion commerce for you? 

chumbawamba's picture

No credit cards, no bank accounts.  Bullion where accepted.  But I primarily transact in lawful money of the United States.

I am Chumbawamba.

fonestar's picture

Yes, because you (and several other posters here) are too f*cking braindead to see how brilliant Bitcoin is, you expect the rest of the world to follow suit.  That's not how the business world works.  People are watching what happened with Overstock and their sales boom and asking themselves if they want to be a leader or a late-comer to the party?

Incidentally, if anti-Bitcoin 'tards here devoted half of that energy to making businesses accept silver coins......????  But that's okay, I know you're fakes who like "dollars" and not silvers.  Hahahahaha.....

Exponere Mendaces's picture


Don't sweat it, you're arguing with a guy who signs his name after - like he's some cryptic oracle. Or maybe he doesn't understand how forum avatars work. Whichever it is, I'm pleased the litmus test of Bitcoin has caused yet another closed-minded person to turn their back on Bitcoin.

We never needed them in the first place.

They'll end up watching the world change around them, confused and angry, as the rest of the Bitcoiners around the world end up reaping the benefits. That's fine, you just can't help some people.

Grosvenor Pkwy's picture

"I explored mining for bitcoins"

Can you estimate your total costs to mine the Bitcoins, including electricity and any other supplies, as compared to their total current value?

chumbawamba's picture

Zero (it's a long story).  In qqqqqqqqq's case his energy was free, too, because he was staying in "extended stay" hotels and his work was picking up the tab.  That's the only reason we even considered it.  He hunted down and got a good deal on a couple BFL-60 mining rigs and some bit-eruptors that he ultimately gave me.  He mined for about a month and earned BTC1.38.  At that point he called it gravy, sold the bit miners at a profit (he made more profit selling the rigs than the bitcoins are worth), held onto the bitcoins for a while, then sold when he thought it was crashing (silly him).

Right now it makes zero sense to mine for bitcoins with anything less than a Th/s (terahash per second) mining rig and close to free energy.  Someone clever can do this (solar panels and batteries, a windmill, etc.) but for the average Joe the window of opportunity is probably gone--at least until quantum computers erupt onto the scene.

Look at some of the other cryptocurrencies coming up, find the one that has the most grassroots appeal, and go for that one.  But make sure it uses a non-NSA hashing algorithm and way more than 256 bits because the NSA is the honey badger of hackers.

Bill Still is pimping Quark, in a way I would describe as almost contrived.  Not sure what's going on there but at any rate, take your time to settle on a good cryptocurrency.  The purpose of the current marketplace is to confuse everyone into submission.  It might not be Bitcoin, it might not even be its replacement, but one way or another the PTB are going to slyly slip in a cryptocurrency they control.  They'll first try to pull a fast one--like when those douchebags JPM tried to patent Bitcoin--but if that doesn't work, they'll figure out a more surreptitious way to have their way.  And they will.  They always do.

Because people let them.

I am Chumbawamba.


Been to Vegas many times, never heard of the D.  I usually stay at the C.......or the V.

MontgomeryScott's picture

According to the Urban Dictionary, a 'D' is, well, a DICK (otherwise known as a schlong, a penis, a schwanshtucker, a cock, a unit, a phallus, 'the little head', a Johnson, a Woody, 'Little Jimmy', or otherwise described as a skin-flute).

Do you mean to tell us that there is actually a CASINO named after a PENIS, in Vegas? Wasn't it known formerly as 'Fitzgerald's'? Where is this? A few blocks off the 'strip' (as in, strip off all your clothes and let the mob gang-rape your ass)?

As soon as I get a pocket full of BTC that the casino of choice lets me drop in to the one-armed bandits (as, this does NOT seem to be the case), I will try to find Fitzgerald's, down in the desert wasteland; in order to squander my inheritance for a night in Vegas.

As long as artificially inflated figures (such as your avatar) are supposedly 'real', I would share them with long as you aren't a 'd'...


Boris Alatovkrap's picture

Well, if Las Vegas thug is accept BitCoin, it MUST is be real! Question is whether winning in BitCoin is convertible to cash INSIDE of casino...? Maybe is only BitCoin against BitCoin in segregated bidding...?

Update: Boris is read article (Boris is sometime do that)

Casino is not accept BitCoin bid against $USD denominate chip, not even accept BitCoin for gamble (BitCoin is own gamble, no!?), but for gift shop, and not direct, but through BitPay who is convert and issue in $USD. So BitCoin is not accept, but is entirely process by proxy. Real innovation is BitPay, not casino.

BLOTTO's picture

And dont forget,

'Guests also can use the currency at the D Hotel's American Coney Island hot dog shop'

MontgomeryScott's picture

Is the hot dog a polska keilbasa, or a vienna sausage? Do they have 'd', or 'D' (or, a FED or YUAN or EURO, vs. a 'btc')?

Grosvenor Pkwy's picture

"(BitCoin is own gamble, no!?"

If you want to gamble with Bitcoin, join a multipool. Plenty of opportunity to bet against other crypto currencies.

satoshi101's picture

Nobody any where WILL GIVE YOU CASH for BTCS'

Every body and their DOG will charge 2X-10X in BTC's and only if they can turn them back into USD's, ...

In efffect its a MORON premium tax,

The exchanges will NOT return you CASH, ...

It's only possible at the BTC ATM to give them your real MONEY, and they give you BTC paper.

So your right, the problem now is nobody can get out of BTC, and a lots of people that can't sell their shit,  like

old hotels in vegas



a lot of people that have DOGS to sell, are selling their shit at a premium to bit-tards, ...

WHEN the exchanges let you BUY $10k USD in BTC and  the  same hour let you have your $10K USD back, then I might be impressed, but for now less than ten men  in the world control all the mining pools and exchanges, and they control the price of BTC and the exit.

IF&WHEN people could get their CASH out this bitch would have already popped, ... but the reason it doesn't POP, is that nobody can get their money out cuz the exchanges have NO LIQUIDITY.


madtechnician's picture

Again more bullshit from this Satoshi101 idiot.

You can change bitcoins for cash or vice versa nearly anywhere in the world right now at you do not need to go through any exchanges there are also thousands of people right now buying and selling bitcoins on eBay , plus eBay UK are starting a dedicated bitcoin section on their site in February , this is a pilot scheme for it to go on eBay worldwide.



Grosvenor Pkwy's picture

"there are also thousands of people right now buying and selling bitcoins on eBay"

I've looked on ebay and the premiums are from 2x to 10x. Pure ripoff.

madtechnician's picture

2x to 10x premium ? Not sure about that one maybe you should take a second look , most sellers charge a few percentage points above an exchange price to cover their eBay and PayPal fees.


bitcoinbear's picture

satoshi101... quit your bank job... your services are no longer needed. 

fonestar's picture

He's a pathetic shill and an insult to that name.

Exponere Mendaces's picture

Oh look, faketoshi is back from huffing in Chinese smog fumes to tell us about the magical things he sees in his twisted mind.

What a kidder.

DoChenRollingBearing's picture


Greenspam [sic] sez:

“No. Well, see that – it has to – it has to have intrinsic value."

Um, no.  Dollars do not.  And you can't eat gold!

Boris Alatovkrap's picture

But you are can eat WITH gold. Just beware of street level thug in dark alley arm with plier.

MontgomeryScott's picture

Boris is also sad that Kalishnikov is passed. Many self-defence weapons (in multimillion of number) protect against dark alley thuggery.

If Boris was not 'evil atheist Commie Rusky Pinko', Montgomery would be also commiserating with brother (Don't be like 'Niger', bringing knife to gunfight, and keep dry gunpowder store!).

Say, Boris, I have a pocket full of BTC's...wait, I know I have some...let me find my Bitcoin must be in my other pants...when the grid (WEB) shuts down, in 5, 4, 3, 2, 1...

DoChenRollingBearing's picture

Awwright, Vegas!  That makes three reasons I can think of right now to go there!

RideTheWalrus's picture

But Bitcoins are going to $10,000 - why spend any of them now?


TheHound73's picture

Some people prefer spending BTC rather than Gov't currency dealing with credit cards and banks.  As you point out, BTC works just fine as a store of value as well.  

MontgomeryScott's picture


WAIT! Let me guess the three reasons!

Pacific Southwest Airways, Howard Hughes, and Mormon bodyguards?

Mafia, Hookers, and Gambling?

Drought, Desert Fever, and Head Lice?

HOOKERS (male, female, and shemale)? (Oops, was that one, or three in one?)

Oh...Corey Barton Homes, Nuclear testing ranges, and BTC?

Cabreado's picture

The Bitcoiners and those who exploit them have set things up for nothing more than Bitcoin-as-Trendy-Token,

and no one involved seems to know or care.

Exponere Mendaces's picture


Yikes, better call the VC's and the head of Virgin to reconsider, because they seem to care a lot. Or you could do some research before planting both of your feet in your mouth.

Your choice.

devo's picture

Bull markets are born in pessimism, grow on skepticism, mature on optimism, and die of euphoria.

Rock On Roger's picture

Today I did. A little bit of the fancy 22 carat type, for my loving wife.

She likes it when I stack on her.


Stack On



DoChenRollingBearing's picture

Muy bien!  My wife is not into jewelry.  I do the stacking around here.  Most of it is 22 kt as well (Gold Eagles).


I have to do the stacking of lead and delivery devices too...


yawn,  Why not just pay for your room with Amex or MC ?  

nmewn's picture

Pretty much.

At Nmewn Royale, we also accept BitCard ;-)

Prisoners_dilemna's picture


Did you not follow my bitcoin buy recommendation back in February?


For those who did, they need a way to spend that 6000% return they raked in.  Maybe you should read Geology news or something more exciting.


PD         Gee, I missed that back in February, I'll jump  on that right now !!!!!..............NOT.    Read the article,  Shitcoin is not that useful in Vegas unless you want to buy a pack of gum.

madtechnician's picture

Sounds lke you will be missing out on the next rally then , how many is that now ?

MontgomeryScott's picture

Start with zero.

Multiply that by, say, six thousand.

The end result always seems to be the same (DAMN this Chinese-made calculator machine!).

TheHound73's picture

Yes, they still accept Credit Cards and USD if that is what you really prefer. Just don't shop at Target. #Winning

fonestar's picture

yawn,  Why not just pay for your room with Amex or MC ?  


Exactly, keep funding those criminal banks you frigging blockheads!

Bunga Bunga's picture

I heard they dropped Goldcoin.

Kirk2NCC1701's picture

Cars? Bah, humbug! Horse & Carriage is the way to go. Unlike cars, they have thousands of yeats of history behind 'em.

Short cars, long horses, long buggies.