What is a Casino?
A casino is a gambling establishment that offers a variety of different games under one roof. Its customers come from all walks of life and are from all over the world. Casinos have hotel rooms, restaurants, non-gambling game areas, bars and swimming pools. They make billions in profits each year.
Gambling almost certainly predates recorded history, with primitive protodice and carved six-sided dice being found in archeological sites. But the idea of a casino, as a place where people could find a variety of ways to gamble under one roof, did not develop until the 16th century, when a gambling craze swept Europe. Italian aristocrats would hold private parties at places called ridotti, where they could gamble without worrying about legal authorities.
When Nevada became the first state to legalize gambling, other states began to open their own casinos to take advantage of the “destination tourist” market that Nevada had pioneered. However, some experts argue that the overall value of a casino to a community is negative, because it diverts money away from other forms of entertainment and can result in social problems such as compulsive gambling and lost productivity.
Despite the doom-and-gloom, many casino owners continue to invest in new technologies that will help them remain competitive. For example, some casino chips have built-in microcircuitry that interacts with electronic systems to allow the casinos to keep track of how much is being wagered minute by minute; and roulette wheels are electronically monitored regularly to ensure they conform to statistical expectations.