Monday, 19th February, 2018 – Economic Envoy Calvin Ayre is to construct a $100 million five-star resort on Antigua, to be funded by profits from digital currencies.
Ayre said he had begun work on the up market tourist resort on Valley Church Beach and would be entirely funded by profits made from the rise in value of bitcoin in which he was an early investor.
Ayre told the Guardian the 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.”
The resort will accept bitcoin cash, which forked from bitcoin last year, at point of sale terminals on the property and through its online booking engine.
Prime Minister Gaston Browne has been quoted as saying he expects the resort’s novel and exciting concept to broaden Antigua and Barbuda’s tourism product and bring a new category of tourists to the island, adding that he looks forward to working with Mr Ayre on this resort and the many other investments he has made in Antigua.
Calvin Ayre owned and operated Bodog in Antigua, before U.S authorities came after him for allowing their citizens to be involved in online gambling, which it had made illegal.
The decade- long online gaming dispute has left Antigua and Barbuda at odds with the United States, which refuses to honour a WTO ruling to pay Antigua and Barbuda damages for its online gaming sector taking a major blow by the restrictions.