A Casino is a public place where a variety of games of chance can be played. While casinos typically add a lot of luxuries to gambling, there have been less lavish places that would qualify as a casino simply because they host gambling activities.
Most casino games are pure chance, although some involve a small element of skill. Regardless, the house has a mathematical advantage in every game. As a result, it is very rare for a casino to lose money. To compensate for this, casinos routinely offer big bettors extravagant inducements in the form of free spectacular entertainment, reduced-fare transportation and luxury living quarters while they gamble.
The mob once controlled a large proportion of the gambling industry, but real estate investors and hotel chains realized that they could make a lot more money by owning casinos than mafia bosses. As a result, they bought out the mafia, and now most casino businesses are legitimate companies that operate legally without mob interference. Casinos use a wide range of technology to ensure that the games are fair. They have high-tech “eyes-in-the-sky” that can monitor everything happening on the floor from one central control room. For instance, the cameras can watch every table, window and doorway and spot any unusual behavior. They can also zoom in on specific suspicious patrons and follow their movements. In addition, most casinos now use microcircuitry in the betting chips to track exactly how much is being wagered minute-by-minute and to alert supervisors when there’s a statistical deviation from expected results.