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Vegas Developer Selling $7.85M Home For Bitcoin

LAS VEGAS (AP) — A former casino owner in Las Vegas is asking $7.85 million for a mansion that he’s been lovingly detailing, and he’s willing to accept the online currency bitcoin for the sale.

Jack Sommer tells the Las Vegas Review-Journal he thinks accepting bitcoin could draw attention and interest in his 25,000-square-foot home.

bitcoinsinvegas.com website owner Julian Tosh says he thinks there are a lot of bitcoin owners around the world just looking for things to buy.

But Tosh also acknowledges the volatility in bitcoin value could make a $7.85 million home sale risky.

Sommer once owned what is now the Planet Hollywood Resort on the Las Vegas Strip.

His home in the posh Spanish Trail Country Club features imported marble, a full basement, staff quarters and a secret garden.

 

Copyright 2013 The Associated Press. All rights reserved.

This material may not be published, broadcast, rewritten or redistributed.

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