Maduro announces opening of cryptocurrency casino

Maduro announces opening of cryptocurrency casino

Venezuela will open a casino where all bets must be placed in the country’s ailing ‘petro’ cryptocurrency, president Nicolas Maduro said on Friday, overturning a ban on casinos in place since 2011. Maduro said that he had ‘authorised legal gambling’ in petros at the Humboldt Hotel in Caracas and that the resources would be used to finance ‘health, education, in convertible currency, in foreign currency’.