Nevada plan for private-gambling limits revised
CARSON CITY, Nev. (AP) – High-rollers would have to bet $10,000 a hand on table games and $500 a pull on slots to gamble in private Nevada casinos, under a proposed rule being considered by Nevada regulators.
An earlier version of the proposal before the state Gaming Control Board set the minimum bets at $20,000 a hand and $500 a pull, but some Las Vegas casinos felt the table minimum was too high.
A major goal of the change: to compete with private gambling areas of Asian casinos and Connecticut’s Foxwoods tribal casino that draw high-rollers who prefer privacy to Nevada’s fully public casinos.
”The legislative intent was to create a new market,” said Control Board member Bobby Siller. ”They wanted to attract (gamblers) who demanded privacy. This is intended to go after a new market, new people. People with incredible amounts to gamble.”
A new rule could be adopted by the end of the year after consideration by the board’s parent Nevada Gaming Commission.
Regulators testified at a workshop Tuesday that modern video surveillance methods would allow the GCB to ensure the integrity of the private games of chance.
Bill Bible, president of the Nevada Resort Association, the casino industry’s Carson City lobbying arm, said his membership would prefer that regulators not set a minimum bet amount.
”They thought the state should set a minimum credit line, or a front money requirement, and leave the properties with some discretion on the bet size,” said Bible, a former Control Board chairman.
”Some players might want to bet $50,000 for a few hands but then drop down to $500 for a bet or two, depending on how their luck is running.”
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