Picasso And Poker

The $1.6 billion Bellagio Resort has opened in Las Vegas. CBS News Correspondent David Dow reports that the Bellagio plans to offer both culture and craps.

In the Bellagio, guests can gamble just steps away from an art gallery featuring such masters as Monet. They can also dine in Picasso's restaurant, where examples of the artist's work hang on the wall.

Rates at the resort range from $150 to $6,000 a night.

"$6,000 a night will get you an incredibly lovely villa with three bedrooms, a private backyard, private pools, your own health club, your own beauty salon, and your own media room with all the fancy electronic gadgets you could possibly want," says Bellagio Vice President Alan Feldman.

However, not all is for the high rollers. There is a whole section of nickel slot machines.

The resort opened at about 10:30 p.m. on Thursday night as more than 1,500 invited guests paid $1,000 each at a benefit for The Foundation Fighting Blindness.

While guests were entertained inside the resort, thousands of onlookers were treated to a fireworks and water display featuring 1,000 fountains.

The opening kicked off with the inauguration of the Fountains of Bellagio, a dazzling water show set to music. The fountains in the 11-acre lake in front of the resort sprayed water 240 feet in the air in spectacular choreographed programs.

But with high winds gusting, the water soaked the crowds, sending VIPs running for cover.

The hit of the evening was the sight of the fountains flashing along with a recording of Gene Kelly singing Singin' in the Rain.

As the waters sprayed the crowd, one onlooker came up with the perfect line: "How appropriate," she said.

The resort, which replicates a Tuscan village, is 36 stories and has 3,025 rooms.