| CIRI’s Casino MonteLago, located at Lake
Las Vegas Resort in Nevada, officially opened its doors to the public
with a grapevine cutting ceremony and a special evening event for
guests on May 8, 2003.
The intimate gaming property is situated in the upscale development
of Lake Las Vegas and was developed directly adjacent to the Ritz-Carlton
Hotel, another investment of CIRI’s. Casino MonteLago, which
is designed in the style of a 15th Century Tuscan winery, is open
to the public 24 hours a day and seven days a week.
The 40,000-square-foot casino offers 10 blackjack tables, two craps
tables, 675 slot machines including 220 video poker machines, a
roulette wheel, and a mini baccarat table.
Patrons also have the choice of one restaurant and two bars. The
120-seat Tenuta bistro is open around the clock and serves breakfast,
lunch, and dinner specials. Tappo is a multi-level sports bar overlooking
the casino floor. It offers guests a selection of salads, sandwiches,
and a variety of libations. The Sports Book features state-of-the-art
HDTV plasma technology on all of its video screens.
Dan Reichartz, a former Caesar’s Palace president and head
of the Casino MonteLago management company, believes the casino’s
product range offers something for everyone. He is implementing
an aggressive marketing campaign to attract locals from nearby Las
Vegas and Henderson to the casino. The casino will also attract
visitors from Lake Las Vegas Resort’s MonteLago Village and
the Ritz-Carlton hotel.
CIRI is the first Alaska Native regional corporation licensed to
conduct regulated gaming in Nevada. Due to Nevada’s strict
gaming regulations, CIRI is subject to a number of special rules
and regulations, including who may gamble in the new casino. In
order for CIRI to maintain its license in good standing with the
State of Nevada, a policy has been adopted prohibiting all CIRI
officers, directors, employees, and shareholders and their spouses
from gaming in Casino MonteLago.
“This rule departs from our normal practice of inviting and
encouraging our shareholders and employees to use our tourism facilities.
However, the concern of Nevada gaming authorities is to avoid even
the appearance of collusion or improper conduct by owners and operators
in the gaming industry. This, ultimately, is in our economic interest
as well,” said CIRI President and Chief Executive Officer
Carl Marrs.
Marrs adds that CIRI shareholders are more than welcome to tour
the facilities when visiting the Lake Las Vegas area. |