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Caesars Palace Applies for Private Gambling Salon

6 June 2002

LAS VEGAS -- As reported by the Las Vegas Review-Journal: "As Nevada's first experiment with a private salon for high-rolling gamblers is scheduled to come up for approval by gaming regulators next month, a second Las Vegas casino has decided to move forward with the new concept.

”Gaming Control Board Chairman Dennis Neilander said Wednesday that barring any delays, the application by the MGM Grand for its international gaming salon should come up for consideration in July by state regulators.

”…Now Caesars Palace has also decided to seek approval for a salon. The Strip casino, a part of Park Place Entertainment, filed its application Monday.

”…Gaming Control Board member Scott Scherer said other big properties may be waiting to see how well the MGM Grand does with its salon before taking the plunge.

”…The salons were legalized to allow privacy-seeking high rollers to wager out of the public eye. Gambling in private had previously been forbidden by Nevada law.

”The new private casinos will only allow gamblers with at least $500,000 in cash or credit line. Minimum wagers on the private casinos' slot machines and table games will be $500…”

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