A veteran Las Vegas asset manager and gaming giant are an addition to New York City’s prominent Manhattan skyline: a multimillion-dollar casino with area for the industry’s cryptocurrencies and a runway for flying cars.
UE Resorts International, a subsidiary of Japanese game generation provider Universal Entertainment Corporation, in partnership with Jason Ader, a former Board Member of Las Vegas Sands, plans to send a launch for the casino to the local gaming regulator by Friday, according to plans. . seen through Insider.
The proposed cryptocurrency trading field is expected to be the largest in the world, and the allocation is expected to be an esports field and a venue for occasions such as New York Fashion Week, the U. S. Open. USA And Fleet Week.
The proposal to have a trading room is sparking echoes of the debate over whether trading virtual currencies is an investment or a game, given its higher value volatility. Regulator Gary Gensler, director of the Securities and Exchange Commission, the wild west market casinos.
Some members of the Reddit network reacted definitively to the news, others were less enthusiastic. “If you need cryptocurrencies to be regulated to oblivion, put them in a casino,” one Redditor said.
“Mirai”, the call selected for the casino, means “future” in Japanese. The estimated cost of the project is $3 billion or more, this would possibly replace depending on its location, which has not been finalized.
While UE Resorts and Ader prefer the site to be located in Manhattan, the local government has in the past opposed the concept of a casino in the area. Other sites are considered to be Long Island and neighboring counties, according to Bloomberg.
UE Resorts plans to list its shares in Nasdaq. Se expects the proposed New York-based casino to be the company’s only progression in the United States.
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