Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

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Posted November 12, 2021

 

It’s been three years since Mississippi’s first legal sports wager was placed at the Beau Rivage Resort and Casino, and the casinos on the Gulf Coast have seen a younger crowd, as expected.

According to CEO LuAnn Pappas, the Scarlet Pearl Casino in D’Iberville has witnessed a younger customer base as well as increased regional business. In response, Scarlet Pearl is likely to be the first casino in South Mississippi to install a Bitcoin ATM, she told members of the Gulf Coast Business Council in Gulfport in October. Customers can convert their crypto coins into cash to use at the casino using the machines, which are currently in use in Las Vegas.

According to Jay McDaniel, executive director of the Mississippi Gaming Commission, the state of Mississippi does not control whether bitcoin ATMs can be operated in casinos.

He explained that the state does not yet permit the use of cryptocurrencies or a credit card in a slot machine. If the casino operators asked it, the Mississippi Gaming Commission would consider becoming cashless, he added.

 

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