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New $100m Resort in Antigua to be Paid for With Bitcoin Cash

Written by:
Guest
Published on:
Feb/19/2018

The Caribbean island nation of Antigua, long known for being among the pioneers in the world of online gambling jurisdictions, is about to embark on a new endeavor in the world of cryptocurrencies thanks to Chairman of The Ayre Group, Calvin Ayre.  It will be the first nation in the world to feature a five-star resort financed through the appreciation of Bitcoin Cash (BCH).

Ayre, who runs the Bitcoin Cash-focused website CoinGeek.com and will be organizing a cryptocurrency conference in Hong Kong this May, revealed that construction would be in excess of USD $100m.

Hon. Ayre said, “In my discussions with Government about the project we agreed that the new resort was very much in keeping with the government’s strategy for further upscale tourism development. 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. I am confident that the type of guest we will attract will wish to explore Antigua - its culture and history, as well as all of our many diverse attractions and activities. We are focused on creating for a very special market, a world-class resort and unforgettable experience, but also one which benefits the broader economy across the whole island.”


Calvin Ayre seen water boarding in Antigua as part of this feature in The Guardian

Prime Minister, the Hon. Gaston Browne welcomed the new development and said, “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. Furthermore, the additional resort rooms will help drive an increased number of airline seats to Antigua, further boost the island’s tourism profile, and expand our economy. We look forward to working with Mr. Ayre on this resort and the many other investments he has made in Antigua.”

The resort is envisaged as the first of several similar Ayre Resort branded properties to be developed around the world. These will all incorporate an Ayre Wellness Centre and Spa and a Bodog Casino Club, in addition to other more common resort facilities. The Antigua property is designed with multiple bars and restaurants, as well as a convention centre and lively beach club.  The resort’s hotel accommodations is planned to consist of 80 oversized studio suites and 30 luxurious one bedroom suites. In addition, 8 luxury condominiums, 8 spacious town houses and 3 stunning villas will be offered for sale.

All of the Ayre Resorts will accept Bitcoin Cash (BCH) at point of sale terminals on the properties and through its online booking engine. Bitcoin Cash (BCH) has been selected as the exclusive cryptocurrency of the Ayre Resorts because it is the only cryptocurrency that has low transaction fees and unrestrained scalability. 

Ayre recently told Gambling911.com that his Hong Kong conference will seek to educate merchants as to the usefulness of Bitcoin Cash.

- Aaron Goldstein, Gambling911.com

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