LAS VEGAS, May 22, 2014 /PRNewswire/ -- After becoming the world's first casino property to accept Bitcoin, the D Las Vegas Casino Hotel is doubling down on the virtual currency with fellow Vegas-based company Robocoin by installing the first Bitcoin ATM at a casino property.
Robocoin, which debuted the first Bitcoin ATM in October, allows the buying and selling of Bitcoin from freestanding kiosks that integrate user-friendly software, bank grade hardware and security, and 100 percent Federal compliance capabilities.
After the D began accepting Bitcoin just a block away from the Robocoin headquarters, co-owner and CEO of the D Derek Stevens and Robocoin CEO Jordan Kelley met and put a plan into motion to bring a Bitcoin ATM to downtown Las Vegas.
The ATM will allow customers to deposit cash into their Bitcoin wallets as well as exchange Bitcoin for dollars. The D accepts Bitcoin as payment at the hotel's front desk, American Coney Island, Joe Vicari's Andiamo Italian Steakhouse, D Grill and in the D's gift shop.
Bitcoin cannot be used for gaming at the D. However, Robocoin has shared its industry-leading compliance measures with the Nevada Gaming Control Board. "Robocoin has emerged as Bitcoin's leader in Anti-Money Laundering / Know Your Customer compliance," said Kelley. "Last month, we demonstrated our capabilities in front of Congress and this month we'll launch in the highly regulated state of Nevada. These are all signs of Bitcoin maturity and institutional acceptance."
Stevens said, "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." He added, "the D and Robocoin are both located in the growing high-tech hub of downtown Las Vegas which made this a natural fit but we ultimately chose Robocoin because it is easy to use, extremely secure and one of the best brands in Bitcoin."
Kelley said, "We couldn't be happier to install Robocoin in our hometown and the D is a perfect fit." The installation of the ATM at the downtown hotel marks a homecoming of sorts for him and Robocoin Co-Founder John Russell who are both Las Vegas natives.
Stevens opened the D in 2012, introducing a hotel casino to match the trendy, forward-thinking style of the burgeoning downtown Las Vegas neighborhood. To create the modern vibe, the existing property located on the Fremont Street Experience received a complete overhaul incorporating chic design elements, renovated guest rooms, a collection of high-end suites and a variety of entertainment, nightlife and culinary offerings alongside the casino.
About the D Las Vegas
the D Las Vegas delivers the fresh, energetic attitude and fun atmosphere synonymous with downtown Las Vegas. The new casino hotel boasts 629 remodeled rooms and suites and a unique two-level casino feature modern and vintage floors. Cocktails, beer and frozen beverages abound inside the casino at LONGBAR and on the Fremont Street Experience at D Bar. the D offers contemporary American fare at D Grill, Detroit's legendary Coney Dogs at American Coney Island and premium steaks and authentic Italian dishes and Joe Vicari's Andiamo Italian Steakhouse.
Since launching the world's first Bitcoin ATM October 2013 in Vancouver BC, Robocoin has emerged as Bitcoin's leader in Anti-Money Laundering and Consumer Protection. With a combination of patent pending hardware, software, and reporting tools, Robocoin has taken banking's best practices, automated the process and made it even more secure. Robocoin is not just a technological breakthrough for Bitcoin, but for personal finance overall. In the past three months, Robocoin has expanded intercontinentally, unveiled the first bitcoin ATM in the U.S., demo'd for Congress and announced the integration of online banking-like features.
SOURCE the D Las Vegas