Will Las Vegas Casinos Set up ATMs That Flip Gold Jewellery Into Money?
- A viral video claims Las Vegas on line casino ATMs will quickly soften jewellery for playing credit
- Nevada legislation NRS 647 prevents prompt gold smelting to curb stolen property laundering
- The Sensible Gold Retailer machines are situated in China, with no fast plans to hit the U.S.
A viral Reddit post on Tuesday confirmed video of a machine melting gold beneath the headline “On line casino ATM: melts down your gold jewellery at 2200°F, verifies the purity and weight – go gamble!”
A chunk of bijou will get melted down into gold in what resembles an ATM. Mobster Tony Spilotro and his Gap within the Wall Gang would have beloved one in every of these! (Picture: YouTube/@Mint)
The since-deleted video reveals somebody dropping a gold ring right into a kiosk after which watching as a robotic arm strikes it right into a furnace that melts it and deposits cash into the consumer’s checking account.
Vegas influencers distributed the footage however added the twist: “Coming quickly to Vegas!”
Idiot’s Gold
The footage was actual. It was launched by Kinghood Group, a Shenzhen-based Fortune China 500 firm. Test it out…
The machine, often called the Sensible Gold Retailer, is a miniature, automated refinery. When you drop your jewellery in, it makes use of X-rays and ultrasound for a high-tech pre-scan that checks for purity. Solely then does it fireplace up the furnace. Whereas the viral video makes the melting look prompt, the precise heavy lifting — which features a second scan analyzing the liquid gold — takes between 10 and half-hour.
However neither the Pawn Stars nor degenerate gamblers have something to fret about as a result of there are not any plans to convey the gold-recycling machine to Las Vegas — not less than not anytime quickly.
Kinghood Group demonstrates a prototype of its Sensible Gold Retailer at a Hong Kong commerce present in 2024. (Picture: PR Newswire)
The world’s first Sensible Gold Retailer was launched on the World Harbor shopping center in Shanghai, China, final April. That was adopted by two areas in Macau: the Centro Comerical Praia Grande shopping center and L’Arc Macao, an enormous casino-hotel within the metropolis’s NAPE district.
A number of others had been additionally rolled out in Hong Kong.
Why Vegas Can’t Play
A machine that melts steel at 2,200°F is a fireplace hazard that requires industrial-grade air flow. No Vegas resort goes to place a smelting furnace subsequent to a row of Buffalo Gold slots.
They wouldn’t be allowed to for 2 fundamental causes:
Good as Gold
Although the unique Reddit put up was deleted, the hilarious feedback it generated stay.
“Misplaced all of your cash playing and may’t play anymore? Properly… you continue to have your wedding ceremony ring!” wrote @Ghost-oh.
“Why go away? We’ll take something you have got of worth for those who simply keep right here. While you’re out of jewelery, why not nip subsequent door to the Kidney-O-Matic?” added @-SaC.
“No, I don’t have a playing downside. Now, simply let me pull this tooth out…” commented @to-fire1.
There are precise gold ATMs in Vegas – known as GoldATM — in 13 areas, together with Caesars Palace, the Strat and Circa. They don’t purchase or soften jewellery, nonetheless. They dispense 24K gold foil notes for money.
Kinghood Group’s has not even filed for a U.S. patent on the smelting element but, which might be required for the corporate to legally import the machine.
Nevertheless, the corporate lately debuted a global model of Gold Sensible, and stated that it hopes to broaden to the U.S. ultimately.
The NAMA OneShow — the world’s greatest merchandising machine expo — is coming to L.A. in April 2026. And business whispers counsel that the Sensible Gold Retailer, or an identical competitor, would be the “showstopper” tech revealed there to court docket native operators.
