Tag Archives: Cryptocurrency

Hospitality Industry Business Practices: “Bitcoin To Be Accepted For Food and Lodging In Two Las Vegas Hotels”

“…Using bitcoins for the casinos itself won’t be happening anytime soon. State regulators, particularly the Nevada Gaming Control Board, are being more cautious about acknowledging and accepting the new type of currency.Image The gaming industry isn’t particularly keen on pushing for it either. This is almost in contrast to the government of Singapore who just recently recognized Bitcoin as a valid, and therefore taxable, currency…”

Bitcoin has been making waves across the world, and now the cryptocurrency craze has reached the good city of Las Vegas. Starting Wednesday, two hotels in Las Vegas, including the The Golden Gate, the city’s oldest casino, will start accepting Bitcoin payments but only for hotel expenses.

Four years have already passed since Bitcoin came into being, but this new kind of currency only truly exploded last year, sometimes to rather insane heights. While it still mainly remains an oddity and curiosity for many, it has started to be become quite literally a serious business for others, including some governments.

For more: http://www.slashgear.com/bitcoin-to-be-accepted-for-food-and-lodging-in-two-las-vegas-hotels-21314010/

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