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Genting Malaysia Form Partnership With Cryptocurrency Exchange Gemini

Posted on May 13, 2021 | 9:45 am

Genting Malaysia, the gigantic global leisure and hospitality company, has announced it signed a groundbreaking agreement with Gemini Trust, one of the world’s most prominent cryptocurrency exchanges.

The aim of the partnership is to make the company’s Resorts World Las Vegas, which is set to open at the end of June, one of the most crypto-friendly venues in Las Vegas. In fact, the agreement would lead to allowing customers to pay with their Gemini cryptocurrency wallet and enjoy fast and secure transactions.

The two companies have agreed to work together towards creating an integrated resort experience with crypto-friendly services. However, the exact details of the services that will be provided to customers will be made public over the next few weeks.

Resorts World Las Vegas will be officially opened on June 24, after more than six years of work. The brand new resort will span across 87 acres and it will include three hotels with a total of around 3,500 rooms, along with an immense casino of 117,000 square feet. The land-based casino will feature a wide range of table games and video slots, along with a sportsbook and a dedicated poker room.

However, the restrictions generated by the novel coronavirus pandemic will make this a partial inauguration. Genting Malaysia Berhad had to postpone the opening of two venues that will eventually be part of the resort: a concert hall with 5,000 seats and a banqueting space that has around 250,000 square feet. These two amenities will probably be completed this autumn.

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Integrating Innovative Technology

Scott Sibella, the President of Resorts World Las Vegas, revealed that his company was determined to integrate innovative technology into the new venue, especially since it’s the “first ground-up resort development on the Strip in more than a decade.” Sibella added that the partnership with Gemini is another step towards “providing progressive guest experience solutions” for the resort’s visitors.

This agreement makes Resorts World Las Vegas the first casino on the Las Vegas Strip to form a partnership with a cryptocurrency platform and make cryptocurrencies a part of their guest experience.

Tyler Winklevoss, the Chief Executive Officer of Gemini, added that this would be a great way for Resorts World Las Vegas to meet the needs of “the next generation of customers” and take their experience into the 21st century.

Resorts World Las Vegas is being developed by Genting Group, a conglomerate of companies that started out in Malaysia in 1965. Now the group is involved in several industries around the world: leisure and hospitality, palm oil plantations, power generation, oil and gas, property development, life sciences and biotechnology activities. The group operates in Malaysia, Singapore, Indonesia, India, China, the United States of America, Bahamas and the United Kingdom.

Source: “Resorts World Las Vegas Announces Partnership With Cryptocurrency Exchange Gemini“Resorts World Las Vegas press release. May 6, 2021.

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