Casino is a gambling establishment where people wager money on games of chance or skill. These games include roulette, baccarat, blackjack, poker and video poker. Most of these games have mathematically determined odds that give the house an advantage over players, a difference that is known as the house edge. The house edge can vary from game to game, but it is usually a small percentage. The house makes money by assessing a commission on bets, which is called the vig or rake. In some cases, the house also pays out winnings.
Casinos have an elaborate infrastructure to draw in gamblers, including a design that emphasizes noise, light and excitement. For example, more than 15,000 miles (24,100 km) of neon tubing is used to illuminate casinos along the Las Vegas Strip. Slot machines use electronic sounds to lure players, and a high-tech eye-in-the-sky surveillance system lets security workers watch every table, window and doorway from a control room filled with banks of monitors.
Despite their reputation for being seedy, casinos are highly profitable businesses. The houses take in billions of dollars each year from patrons who bet money on games that are based mostly on luck but require some degree of skill to win. The profits can be so great that many casinos build extravagant hotels, fountains and giant pyramids or towers.
In addition to maximizing gambling revenue, casinos spend considerable time and money on other marketing efforts to attract customers. They provide a wide variety of food and beverage choices, and they encourage players to return often by offering comps such as free hotel rooms, meals and show tickets. They also advertise in high-profile magazines and on television shows.
One of the most important factors in a casino’s success is its staff. Casino employees are heavily screened for criminal records and must pass periodic drug tests. Some are also trained to spot cheating or shady behavior. For example, dealers are taught to look for suspicious betting patterns on the tables that could indicate a player is trying to “mark” or “palm” cards or dice.
There is a less visible aspect to casino security, too. Every action taken by casino patrons is analyzed and recorded, and this information is passed on to higher-ups who make decisions about how much money to pay out to winners. This data can help prevent large losses from bad bets and can alert managers to possible problems.
During the mob-controlled era of Nevada casinos, organized crime figures provided the money to keep them afloat. As the mob lost control of their empires, real estate developers and hotel chains took over and used their deep pockets to buy out mobsters. These companies were not afraid of the taint of gambling and knew that federal crackdowns on Mafia involvement would allow them to obtain gaming licenses. In fact, the risk of losing a gaming license at even the slightest hint of Mafia involvement keeps the mob out of many casinos today.
