• Flexi Group

$3bn casino with crypto trading floor proposed for New York

Updated: Dec 10, 2021

A pitch for a new $3bn casino in New York has been submitted, with the project backed by a Las Vegas asset manager and Japanese gaming company Universal Entertainment.

The location is planned for Manhattan, though this may change to either Long Island or other neighbouring counties depending on the ruling of local officials, who have previously opposed casinos in the area.

The planned casino has been given the name ‘Mirai’, which translates to ‘future’ in Japanese. Jason Ader, a former Las Vegas Sands board member, heads up the project in partnership with Universal Entertainment, and with the financial backing of 26 Capital Acquisition Corp.

Ader’s proposal will include plans for a crypto-trading floor, likely the largest in the world, as well as a futuristic flying car landing pad. To ensure that the casino tailors to modern-day trends, the plan will also include an esports arena and separate venue for large events.

Addressing the plan, Ader commented: “The goal is to have a differentiated but comprehensive approach to entertainment that goes beyond casino gaming with some pretty cool elements.”

While this would not be the first casino to introduce cryptocurrency gambling, the scale of the project has led to some questioning whether crypto has a place in casinos, with digital currencies not subject to the same industry regulations.

The pitch aims to secure one of the three remaining casino licences in downstate New York following a 2013 ballot measure that made provisions for seven new non-tribal casinos. Four of these have already been developed.

Source: www.gamblinginsider.com

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