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The cancellation policy at Bellagio states that 72 hours’ notice is required to cancel and receive a refund on your room deposit. Standard room deposits, which are paid upon booking at the Forbes Travel Guide Four-Star hotel, are generally calculated based on your first night’s rate plus a 12 percent room tax. If you do not cancel within 48 hours of your reservation, you will surrender your deposit. Full deposits may be required to reserve rooms with special packages or discounts. Be sure to consult the fine print of your offer or contact the reservations desk at Bellagio with any questions regarding the cancellation policy.