LasVegas

Las Vegas Casinos Accept Bitcoin, but Not for Gambling

(CoinDesk) The D Las Vegas Casino Hotel and Golden Gate Hotel & Casino have announced they will become the first hotels in Las Vegas to directly accept Bitcoin for purchases.

Notably, acceptance will be limited to certain sections of the hotels, including the Golden Gate’s front desk and the D’s front desk, gift shop and on-site restaurants American Coney Island and Andiamo Steakhouse. However, Bitcoin will not be an accepted payment method on the casino floor, Derek Stevens, co-owner and CEO of the D and Golden Gate, told CoinDesk, due to ongoing concerns from state regulators.

Golden Gate is primarily owned by Desert Rock Enterprises, an investment company led by Derek and Greg Stevens. The brothers are also co-owners of the D. From Jan. 22, both properties will use the services of Georgia-based payment processor BitPay to handle transactions via tablet and mobile devices. Stevens said his company elected to use BitPay due to its ease-of-use.