The Casino Business – The Good, the Bad and the Ugly


A casino is a place where people can play games of chance and gamble. Though many casinos add a number of other entertainment features, like restaurants, free drinks and stage shows to lure in patrons, they would not exist without the billions of dollars in profits generated by gambling games. This article will look at how casinos make their money, the history of casino games and some of the darker sides of the business.

Modern casino is a bit like an indoor amusement park for adults, but it would not exist without the games of chance that keep hardened dollar spinners coming back again and again. Slot machines, blackjack, roulette, poker and other table games provide the lion’s share of the billions in casino profits each year.

There are few places that can match Las Vegas in the number of casinos it contains, but Ledyard, Connecticut is home to one of America’s largest. The Foxwoods Resort Casino is operated by the Mashantucket Pequot Indian tribe and covers 4.7 million square feet. It offers a variety of gambling options including more than 7,000 gaming machines and 17 types of table games. It also has a two-story arcade for family visitors and one of the world’s biggest bingo halls.

In the United States, casinos are licensed and regulated by state governments. Most of them are located in Nevada, but Iowa and other states have legalized riverboat casinos that draw visitors from all over the country. Native American casinos are a growing industry, as well. In the past, many casino owners consolidated their operations to attract as much of a clientele as possible.

Originally, the word “casino” simply meant a clubhouse for Italians, but it came to refer to any large building that housed gambling activities after it became legalized in the United States. There were some buildings that were not used for gambling, such as the Copenhagen Casino and the Hanko Casino in Finland, but were still called a casino because they offered a variety of social events.

Modern casinos are full of technology that helps to control the games. For example, betting chips have built-in microcircuitry that interacts with systems in the tables to monitor exactly how much is being wagered minute by minute. Roulette wheels are regularly monitored electronically to discover statistical deviations that could be an indication of cheating.

Security is another major concern for the owners of casino. Casinos are staffed with employees who are trained to spot a range of suspicious behavior, from blatant casino cheating like palming and marking cards to shady betting patterns that suggest that a player is losing or winning too often. The casino staff also keeps an eye out for erratic behavior that might indicate a visitor is mentally disturbed. In addition to human eyes, video cameras and electronic surveillance systems are often employed to keep tabs on casino patrons. These technologies have improved dramatically over the years. Some are even capable of identifying specific individuals with their faces and names.