|For the first time since gambling was legalized in Nevada back in 1931, big-spending gamblers will be able to wager in private.|
Nevada regulators on Wednesday approved the MGM Grand hotel-casino’s application for what will be 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 could open this August, depending on approval of the application by the Nevada Gaming Commission at its July 25 meeting in Las Vegas.
The private salon would be equipped with high-tech surveillance equipment to allow regulators to monitor betting and ensure fair play.
Bob Moon, marketing chairman for MGM Mirage, said the company would 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 Vegas casino, Caesars Palace, has also 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 are exclusively for 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.