New York Plans to Come up with a $3 Billion Casino That Will Involve Crypto-Trading Floor

An American investor, money manager Jason Ader, is preparing a proposal to the New York City authorities. NYC intends to establish a casino in Manhattan with a platform for trading cryptocurrencies. The project is estimated to be worth $3 billion. In addition, a casino will include a flying-car landing pad. The initiators are UE Resorts and Jason Ader, formerly on Las Vegas Sands’ board.

According to Bloomberg, the main sponsor, Ader, will meet with NYC board officials on Friday, December 10. They plan to discuss his project that should become an amazing addition to the famed Manhattan skyline. The partners are planning to create “the world’s largest platform for trading cryptocurrencies,” as well as a “landing platform for flying cars.”

Parties That Are Interested in a New Crypto Casino Launch

The regulation of cryptocurrencies as a financial instrument remains uncertain in many countries, including the US. Still, such gambling operators as Bally’s Corp., Las Vegas Sands Corp., and MGM Resorts International, along with Genting Group, have expressed interest in supporting the project. They are about to seek extended casino offers. 

At the same time, some local legislators have already formed an opposition. 

The last drop in the value of key digital coins was associated with the fact that on Wednesday, December 8, the leaders of eight major crypto platforms gave testimony for the first time before the Financial Services Committee of the US House of Representatives.