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Gambling Tycoon to Build a $100m Bitcoin-Funded Antiguan Resort

Calvin Ayre, Bitcoin multi-millionaire, and gambling build a five-star resort of $100 million on Antigua’s Valley Church beach. The whole project will fund from cryptocurrencies.

Gambling and Bitcoin multi-millionaire Calvin Ayre is building a $100m five-star resort on Antigua’s Valley Church beach. Funding for this project will come entirely from cryptocurrencies, he says.

Additionally, work on the resort has already started. The resort will accept Bitcoin Cash at its sale terminals on the property and through online booking. When complete, it will boost tourism activity in Antigua and Barbuda.

Ayre said,

“This resort will attract a 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.”

Region Prime Minister Gaston Browne said they would work with him on the new project.

“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.”

Canadian-born Ayre is now Antigua and Barbuda’s special economic envoy.

Controversial

After the 1990s share-trading scandal, he was banned from acting as a director of a public company. He created Bodog later on: this is one of the largest online gambling brands in the world.

Due to the success of the business, he became a judge in a televised lingerie contest during the Super Bowl. He featured in the Playboy magazine later on, and he bought 3,000 copies of the issue for himself.

He was later featured in the Forbes magazine as making money out of illegal online bets. This caught the attention of the US authorities. However, he claimed the activities were legal, having done transactions involving different continents. Authorities dropped felony charges against Ayre, Bodog, and three other Canadians.

He also pleaded guilty to a single federal misdemeanor last year.

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David

David Kariuki is a journalist who has a wide range of experience reporting about modern technology solutions including cryptocurrencies. A graduate of Kenya's Moi University, he also writes for Hypergrid Business, Cryptomorrow, and Cleanleap, and has previously worked for Resources Quarterly and Construction Review magazines.

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