What is a Casino?
A casino is a building where people can gamble and play games of chance. It is also a popular destination for tourists and locals alike who are looking to try their luck at the many different games on offer.
Some casinos specialize in particular types of gambling, while others cater to a wide range. The largest casinos are often based in tourist destinations, such as Las Vegas, and may be designed with luxury in mind. For example, the Venetian in Macau is one of the most luxurious casinos in the world and has a canal with gondolas along with 350 shops and Michelin starred restaurants.
Casinos often hire mathematicians to calculate the house edge and variance of their various games. This information helps them determine how much money they can expect to make as a percentage of total turnover, and how big or small their required cash reserves should be. These workers are known as gaming mathematicians and casino analysts.
Due to the large amounts of money that are handled within casinos, they are often targets for cheating and theft by both patrons and employees. Because of this, most casinos have significant security measures in place. These often include a physical security force and a specialized surveillance department that operates the casino’s closed circuit television system (CCTV), sometimes referred to as “the eye in the sky”. In addition, some casinos employ special technologies that allow them to monitor their games for anomalies. These include “chip tracking,” where betting chips have built-in microcircuitry that allows the casino to monitor their exact movements minute by minute, and electronic monitoring of roulette wheels to discover any statistical deviation from their expected average.