What is a Casino?
A casino is a gambling establishment where patrons place bets on games of chance or skill. Some casinos also feature entertainment attractions such as theaters, restaurants and bars. Gambling has been a part of human culture for millennia, with evidence of dice and card games appearing as early as 2300 BC. Modern casinos can be traced to Monte-Carlo, which opened in 1863.
A large percentage of a casino’s profit comes from high rollers, who gamble in special rooms away from the main floor and often earn comps (freebies) worth tens of thousands of dollars. To attract such big bettors, a casino may spend a great deal of money on luxury suites, free show tickets, reduced-fare transportation and other inducements.
Because most casino games have mathematical odds that guarantee the house an advantage, it is rare for a gambling establishment to lose money, even for a single day. This mathematical expectancy is commonly known as the house edge.
Casinos are often located in tourist areas and draw visitors from all over the world. The casinos of Las Vegas, for example, are known for their dazzling fountain shows and luxurious accommodations. Casinos are also built around a sense of community, with games played in groups and players shouting encouragement to one another. The lighting is bright and the music loud to create a stimulating and exciting atmosphere. Many casinos use the color red to make it harder for patrons to keep track of time, as the color is believed to energize the body and mind.
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Source: This article was originally published on Village San Clemente
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Jim Flores is an accomplished real estate professional providing services as both agent and broker for over 13 years. His extensive knowledge of the Southern California real estate & mortgage market has allowed him to provide an outstanding level of client satisfaction to his clientele. As co-founder founder of Sea Sell Realty Jim is committed to personalized service. His goal is to exceed client needs by applying his expertise to all aspects of the real estate industry including sales, property management, consulting, training and real estate technology. For example, Jim’s use of technology benefits his clients by utilizing tools that make transactions client friendly: electronic signing, social media ads, paper less transactions and iPad essentials.
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