Gambling tycoon builds $100m bitcoin-funded Antiguan resort

Antgiua- Calvin Ayre a 56 year old gambling and bitcoin multi-millionaire is building a $100m five-star resort on Antigua funded by profits from digital currencies.

The Canadian born tycoon who was once a fugitive of the US authorities has been appointed as Antigua and Barbuda’s special economic envoy, and has said, he has already begun his work on the upmarket tourist resort in Antigua’s Valley Church beach.

Ayre has said the funding of the resort would be entirely funded by profits made from the rise in value of bitcoin in which he was an early investor on.

Prime Minister of Antigua and Barbuda Gaston Browne said about the resort,  “We expect the resort’s novel and exciting concept to broaden Antigua and Barbuda’s tourism product and bring a new category of tourists to our islands. We look forward to working with Mr Ayre on this resort and the many other investments he has made in Antigua.”

Ayre has been given an official title of “his excellency”.

“This resort will attract a totally new market segment of tourism on the island — successful wellness-seekers who also want to have fun. The property will not be an all-inclusive destination. Instead, its amenities will be available to residents of Antigua and Barbuda and visitors alike,” Ayre said.

The resort will accept bitcoin cash on its website booking site and at sales terminal on the property.

Photo Credit- The Guardian



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