A casino is a facility which houses and accommodates certain types of gambling activities. The industry that deals in casinos is called the gaming industry. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions. There is much debate over whether the social and economic consequences of casino gambling outweigh the initial revenue that may be generated. Some casinos are also known for hosting live entertainment events, such as stand-up comedy, concerts, and sporting events.
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Etymology and usage
The term "casino" is a confusing linguistic false friend for translators.
Casino is of Italian origin; the root casa (house) originally meant a small country villa, summerhouse, or social club. During the 19th century, the term casino came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports; examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian--the source-language of the word--a casino is either a brothel (also called casa chiusa, literally "closed house"), a mess, or a noisy environment, while a gaming house is spelt casinò, with an accent..
Not all casinos were used for gaming. The Catalina Casino, a famous landmark overlooking Avalon Harbor on Santa Catalina Island, California, has never been used for traditional games of chance, which were already outlawed in California by the time it was built. The Copenhagen Casino was a theatre, known for the mass public meetings often held in its hall during the 1848 Revolution, which made Denmark a constitutional monarchy. Until 1937, it was a well-known Danish theatre. The Hanko Casino in Hanko, Finland--one of that town's most conspicuous landmarks--was never used for gambling. Rather, it was a banquet hall for the Russian nobility which frequented this spa resort in the late 19th century and is now used as a restaurant.
In military and non-military usage in German and Spanish, a casino or kasino is an officers' mess.
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History of gambling houses
The precise origin of gambling is unknown. It is generally believed that gambling in some form or another has been seen in almost every society in history. From the Ancient Greeks and Romans to Napoleon's France and Elizabethan England, much of history is filled with stories of entertainment based on games of chance.
The first known European gambling house, not called a casino although meeting the modern definition, was the Ridotto, established in Venice, Italy in 1638 by the Great Council of Venice to provide controlled gambling during the carnival season. It was closed in 1774 as the city government felt it was impoverishing the local gentry.
In American history, early gambling establishments were known as saloons. The creation and importance of saloons was greatly influenced by four major cities: New Orleans, St. Louis, Chicago and San Francisco. It was in the saloons that travelers could find people to talk to, drink with, and often gamble with. During the early 20th century in America, gambling became outlawed and banned by state legislation and social reformers of the time. However, in 1931, gambling was legalized throughout the state of Nevada. America's first legalized casinos were set up in those places. In 1976 New Jersey allowed gambling in Atlantic City, now America's second largest gambling city.
Gambling in casinos
Most jurisdictions worldwide have a minimum gambling age (16 to 21 years of age in most countries which permit the operation of casinos).
Customers gamble by playing games of chance, in some cases with an element of skill, such as craps, roulette, baccarat, blackjack, and video poker. Most games played have mathematically determined odds that ensure the house has at all times an overall advantage over the players. This can be expressed more precisely by the notion of expected value, which is uniformly negative (from the player's perspective). This advantage is called the house edge. In games such as poker where players play against each other, the house takes a commission called the rake. Casinos sometimes give out complimentary items or comps to gamblers.
Payout is the percentage of funds ("winnings") returned to players.
Casinos in the United States say that a player staking money won from the casino is playing with the house's money.
Video Lottery Machines (slot machines) have become one of the most popular forms of gambling in casinos. As of 2011 investigative reports have started calling into question whether the modern-day slot-machine is addictive.
Design
Casino design--regarded as a psychological exercise--is an intricate process that involves optimising floor plan, décor and atmospherics to encourage gambling.
Factors influencing gambling tendencies include sound, odour and lighting. Natasha Dow Schüll, an anthropologist at the Massachusetts Institute of Technology, highlights the decision of the audio directors at Silicon Gaming to make its slot machines resonate in "the universally pleasant tone of C, sampling existing casino soundscapes to create a sound that would please but not clash".
Dr Alan Hirsch, founder of the Smell & Taste Treatment and Research Foundation in Chicago, studied the impact of certain scents on gamblers, discerning that a pleasant albeit unidentifiable odour released by Las Vegas slot machines generated about 50% more in daily revenue. He suggested that the scent acted as an aphrodisiac, causing a more aggressive form of gambling.
Casino designer Roger Thomas is credited with implementing a successful, disruptive design for the Las Vegas Wynn Resorts casinos in 2008. He broke casino design convention by introducing natural sunlight and flora to appeal to women. Thomas put in skylights and antique clocks, defying the commonplace notion that a casino should be a timeless space.
Markets
The following lists major casino markets in the world with casino revenue of over US$1 billion as published in PricewaterhouseCoopers's report on the outlook for the global casino market:
By region
By markets
By company
According to Bloomberg, accumulated revenue of the biggest casino operator companies worldwide amounted almost US$55 billion in 2011. SJM Holdings Ltd. was the leading company in this field, and earned $9.7 billion in 2011, followed by Las Vegas Sands Corp. ($7.4 bn). The third-biggest casino operator company (based on revenue) was Caesars Entertainment, with revenue of US$6.2 bn.
Significant sites
While there are casinos in many places, a few places have become well known specifically for gambling. Perhaps the place almost defined by its casino is Monte Carlo, but other places are known as gambling centers.
Monte Carlo, Monaco
Monte Carlo Casino, located in Monte Carlo city, in Monaco, has a famous casino popular with well-off visitors and is a tourist attraction in its own right. A song and a film named The Man Who Broke the Bank at Monte Carlo need no explanation--they clearly refer to the casino.
Monte Carlo's Casino has also been depicted in many books including Ben Mezrich's Busting Vegas, where a group of Massachusetts Institute of Technology students beat the casino out of nearly $1 million. This book is based on real people and events; however, many of those events are contested by main character Semyon Dukach. Monte Carlo was part of the plot in a few James Bond novels and films.
The casino has made Monte Carlo so well known for games of chance that mathematical methods for solving various problems using many quasi-random numbers--numbers generated by chance subject to a particular statistical distribution--are formally known as Monte Carlo methods.
Macau
The former Portuguese colony of Macau, a special administrative region of China since 1999, is a popular destination for visitors who wish to gamble. This started in Portuguese times, when Macau was popular with visitors from nearby British Hong Kong, where gambling was more closely regulated. The Venetian Macao is currently the largest casino in the world. Macau also surpassed Las Vegas as the largest gambling market in the world.
Estoril, Cascais, Portugal
The Casino Estoril, located in the municipality of Cascais, on the Portuguese Riviera, near Lisbon, is the largest casino in Europe.
During the Second World War, it was reputed to be a gathering point for spies, dispossessed royals, and wartime adventurers; it became an inspiration for Ian Fleming's James Bond 007 novel Casino Royale.
Singapore
Singapore is an up-and-coming destination for visitors wanting to gamble, although there are currently only two casinos (both foreign owned), in Singapore. The Marina Bay Sands is the most expensive standalone casino in the world, at a price of US$8 billion, and is among the world's ten most expensive buildings. The Resorts World Sentosa has the world's largest oceanarium.
United States
With currently over 1,000 casinos, the United States has the largest number of casinos in the world. The number continues to grow steadily as more states seek to legalize casinos. 40 states now have some form of casino gambling. Relatively small places such as Las Vegas are best known for gambling; larger cities such as Chicago are not defined by their casinos in spite of the large turnover.
The Las Vegas Valley has the largest concentration of casinos in the United States. Based on revenue, Atlantic City, New Jersey ranks second, and the Chicago region third.
Top American casino markets by revenue (2015 annual revenues):
- Las Vegas Strip $6.348 billion
- Atlantic City $2.426 billion
- Chicago region $2.002 billion
- New York City $1.400 billion
- Detroit $1.376 billion
- Baltimore-Washington Metropolitan Area $1.306 billion
- Philadelphia $1.192 billion
- Mississippi Gulf Coast $1.135 billion
- St. Louis $1.007 billion
- The Poconos $965.56 million
- Lake Charles, Louisiana $907.51 million
- Boulder Strip $784.35 million
- Kansas City $782.05 million
- Shreveport $732.51 million
The Nevada Gaming Control Board divides Clark County, which is coextensive with the Las Vegas metropolitan area, into seven market regions for reporting purposes.
Native American gaming has been responsible for a rise in the number of casinos outside of Las Vegas and Atlantic City.
Security
Given the large amounts of currency handled within a casino, both patrons and staff may be tempted to cheat and steal, in collusion or independently; most casinos have security measures to prevent this. Security cameras located throughout the casino are the most basic measure.
Modern casino security is usually divided between a physical security force and a specialized surveillance department. The physical security force usually patrols the casino and responds to calls for assistance and reports of suspicious or definite criminal activity. A specialized surveillance department operates the casino's closed circuit television system, known in the industry as the eye in the sky. Both of these specialized casino security departments work very closely with each other to ensure the safety of both guests and the casino's assets, and have been quite successful in preventing crime. Some casinos also have catwalks in the ceiling above the casino floor, which allow surveillance personnel to look directly down, through one way glass, on the activities at the tables and slot machines.
When it opened in 1989, The Mirage was the first casino to use cameras full-time on all table games.
In addition to cameras and other technological measures, casinos also enforce security through rules of conduct and behavior; for example, players at card games are required to keep the cards they are holding in their hands visible at all times.
Business practices
Over the past few decades, casinos have developed many different marketing techniques for attracting and maintaining loyal patrons. Many casinos use a loyalty rewards program used to track players' spending habits and target their patrons more effectively, by sending mailings with free slot play and other promotions.
Crime
One area of controversy surrounding casinos is their relationship to crime rates. Economic studies that show a positive relationship between casinos and crime usually fail to consider the visiting population at risk when they calculate the crime rate in casino areas. Such studies thus count the crimes committed by visitors, but do not count visitors in the population measure, and this overstates the crime rates in casino areas. Part of the reason this methodology is used, despite it leading to an overstatement of crime rates is that reliable data on tourist count are often not available. In a 2004 report by the US Department of Justice, researchers interviewed people who had been arrested in Las Vegas and Des Moines and found that the percentage of problem or pathological gamblers among the arrestees was three to five times higher than in the general population. According to some police reports, incidences of reported crime often double and triple in communities within three years of a casino opening.
Casinos have also been linked to organised crime, with early casinos in Las Vegas originally dominated by the American Mafia and in Macau by Triad syndicates.
Source of the article : Wikipedia
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