Huge Crypto Trading Floor Planned Under $ 3 Billion New York Casino Project

[ad_1]

A Las Vegas-based asset manager with decades of experience and a Japan-based gaming giant envision a multi-billion dollar casino in New York’s famous Manhattan skyline that would include room for cryptocurrency trading as well as a landing pad for flying vehicles.

A proposal for the casino will be submitted to the local gaming authority by Friday, January 7, according to an Insider report.

In addition to the largest cryptocurrency trading floor in the world, they want to build an esports stadium and facility for events such as New York Fashion Week, US Open, and Fleet Week in their project. .

“The goal is to have a differentiated yet comprehensive approach to entertainment that goes beyond casino games with some pretty cool elements,” said Jason Ader, former Las Vegas Sands board member, in a statement. interview in December.

Manhattan’s preferred location for the casino

The name “Mirai”, which was chosen for the casino, is derived from the Japanese word for “future”, and current estimates are that the project will cost at least $ 3 billion; however, the exact figure may vary depending on where it is built, which has yet to be determined.

UE Resorts International is a subsidiary of Japanese gaming technology provider Universal Entertainment Corporation. He works with Jason Ader and other partners.

While UE Resorts and Ader prefer the casino to be located in Manhattan, city officials have already expressed their opposition to the concept of a casino being built in the borough. Long Island and neighboring counties are also being assessed as potential locations.

26 Capital Acquisition Corp, Ader’s blank check business, will combine with a casino complex in the Philippines controlled by Universal.

UE Resorts intends to list its common stock on the Nasdaq in the future. According to the company, the planned New York casino will likely be the company’s only business in the United States.

Crypto in a Casino May See Stricter Regulation

Gary Gensler, the chairman of the Securities and Exchange Commission, has previously compared the cryptocurrency market to casinos in the Wild West.

Many members of the Reddit community expressed their excitement over the news, while others were less enthusiastic. “If you want crypto to be regulated into oblivion, put it in a casino,” one Redditor commented.

[ad_2]