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Vegas developer selling $7.85M mansion for bitcoin

December 15, 2013 • Business


From left, Craig Tann, Laura and Jack Sommer stand in front of the Sommers’ home in Las Vegas’s Spanish Trail neighborhood on Thursday, Dec. 12, 2013. Jack Sommer, a casino owner-turned-commercial developer, is asking $7.85 million to sell the home, and he’s willing to accept the online currency bitcoin for the deal. (AP Photo/Las Vegas Review-Journal, Alex Federowicz)

LAS VEGAS (AP) — A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he’s willing to accept the online currency bitcoin for the deal.

Jack Sommer said he got the idea to seek bitcoin for his 25,000-square-foot mansion from two of his sons, who’ve been involved in making and trading the currency.

“The advantage is that we’re expanding our market and adding some notoriety,” Sommer said.

Bitcoin peer-to-peer trading began in Login to read more

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