The First In-Casino Bitcoin ATM Launches in Las Vegas
Published on May 22, 2014 at 14:00 GMT
Tourists visiting the gambling and entertainment mecca of the US can now get their cryptocurrency at The D Las Vegas Casino Hotel.
The machine allows users to both buy and sell the currency. Derek Stevens, CEO of the D Las Vegas Casino Hotel, said in a statement:
"We’re proud to be the first casino property to accept bitcoin and we’re excited to offer our customers the convenience of a bitcoin ATM."
Vegas and compliance
The D Casino Hotel is located downtown on Fremont Street, distanced from the main Las Vegas Strip. Stevens refers to this area of Las Vegas as a "growing high-tech hub".
Earlier this year, the casino became the first to accept bitcoin for hotel stays, restaurants and gift shop items. However, The D does not currently accept bitcoin for its gaming operations.
"The Nevada Gaming Control Board would have to approve [bitcoin for gambling], which seems unlikely for the foreseeable future," said Sam Glaser, Robocoin's CMO.
However, D Casino Hotel's Stevens previously told CoinDesk he thinks the Nevada Gaming Commission is closely looking at bitcoin for future use.
Jordan Kelly, CEO of Robocoin, says bringing a bitcoin ATM to the compliance-heavy market of Las Vegas is a sign of progress:
"[We're launching] in the highly regulated state of Nevada. These are all signs of bitcoin maturity and institutional acceptance."
Robocoin launched one of the first bitcoin ATMs in the world last October inside a Vancouver coffeehouse.
It recently announced a rebranding of its ATM services as Robocoin Bank to offer features more commonly found in financial institutions.
Robocoin partners with local operators that can work with regulators in their jurisdictions. This is to ensure that the machines are compliant with regional standards.
Kelley, the Robocoin CEO, said in a statement that The D Casino Hotel is only a block away from the company's headquarters in Las Vegas, which is an exciting development:
"We couldn’t be happier to install Robocoin in our hometown and the D is a perfect fit," he said.
"This is the first step towards bitcoin’s ultimately critical role in gaming’s infrastructure and Robocoins appearing in casinos everywhere," Robocoin's CTO Sam Glaser added.
The largest rival Robocoin has in the bitcoin ATM market is Lamassu. Working with a local operator, Lamassu was able to get the first US-based bitcoin ATM up and running in New Mexico earlier this year.
D Las Vegas Casino Hotel image via Jeffrey J Coleman / Shutterstock
Estonian Bitcoin Week a Success Despite Tough Regulatory...
Chain's API Takes the Hard Work Out of Bitcoin App...