What Is a Casino?
A casino is a gambling establishment that offers a variety of games of chance and some involving skill. Customers wager cash or other items of value (such as tickets to future concerts) on the outcome of random events, either on a table game operated by a live dealer or by means of a machine such as a slot or video poker. The casino takes a percentage of the money wagered, a charge known as the house edge. Some casinos earn money from players by offering complimentary items or comps, while others make their profits by charging a commission on games like poker.
Almost every culture around the world has some form of gambling, and casinos are among the largest money-making businesses in the world. They feature ultra-modern design and architecture, dazzling lighting, Michelin-starred restaurants, luxury hotel rooms and top-billed entertainment shows such as high-flying circus acts or the latest musician concerts topping Billboard charts.
The oldest and most famous casino is the Monte-Carlo in Monaco, which opened in 1863 and continues to be a major source of income for the principality. Other notable casinos include the Bellagio in Las Vegas, whose exterior is shaped like a giant birdcage and features one of the world’s most spectacular fountains; and Macau’s Venetian, which packs more than 530, 000 square feet of gaming space into a single building with four themed areas, a canal with gondolas and 350 shops.
The popularity of casinos has led to the development of sophisticated methods for preventing cheating and theft, particularly where large amounts of cash are involved. Modern casinos are heavily wired, with each machine supervised by a computer that records the amount of money wagered minute by minute and alerts the operator to any statistical deviation from expected results.