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Private Casino for High-Rollers Approved10 July 2002LAS VEGAS – As reported by the Associated Press: “For the first time since gambling was legalized in Nevada in 1931, high stakes gamblers may soon be allowed to place their bets in private. ”State regulators on Wednesday approved the MGM Grand hotel-casino's application for Nevada's first private gambling salon for high rollers. ”The Gaming Control Board unanimously voted to recommend the application for the resort's owner MGM Mirage Inc. The salon is expected to open in August if the Nevada Gaming Commission approves the application at its July 25 meeting in Las Vegas. ”The private salon would be equipped with high-tech surveillance devices to allow regulators to monitor betting and ensure that the games are fair. ”…Bob Moon, marketing chairman for MGM Mirage, said the company will promote the salon to a limited number of foreign gamblers. ”…While MGM Mirage told the board the company has no intention of opening a private salon at any of its other casinos, another Las Vegas casino - Caesars Palace - has applied to open a salon. ”The Park Place Entertainment Corp. resort last month filed the second application for a salon since the Nevada Legislature last year approved letting casinos offer private gambling. ”…The new private casinos allow gamblers with at least $500,000 in cash or a credit line. Minimum wagers on private casino slot machines and table games will be $500…” |