Yeet Raises $7 75 Million to Build ‘Crypto’s Casino’

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The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their plans. It is anticipated a final decision on the three licenses will come at the end of 2025. Yeet users will be able to deposit funds across multiple Ethereum-compatible chains, Bitcoin, and Solana. The council had a work session about the project in February and the planning and zoning commission discussed it earlier this month before voting on the rezoning Tuesday morning. The first and only town hall about the project was held Friday, less than a week before council would meet to finalize the rezoning.

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Furthermore, they have the infrastructure needed for expansion, with parking and access to highways. The developers, however, must first win the support of the local community where their plan is proposed. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running. The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan.

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