A facility that houses and accommodates gambling activities is called a casino. Casinos are in the gaming industry. Gambling exact cause is unknown. Nearly every nation in history, it is believed that gambling in some form has been seen. Near or common with restaurants, retail stores, hotels, ships and many tourist attraction destinations casinos are widely built. Most casinos are known for hosting live events such as; concerts, sporting events among others. Up to 52 billion pounds per year can be generated by casino gaming, a study reveals. The social, economic magnitude of casino gambling outweigh the initial revenue that may be generated, on whether or not is a lively debate. Roughly three hundred and fifty thousand small business is backed by the casino, thirteen billion pounds support small business employee wages, another finding from casino study among others.
The jurisdiction minimum gambling age is sixteen to twenty-one years in most countries which allows the operation of casinos. Customers play games of chance, in some cases with an element skill such as roulette, baccarat, crap and blackjack among the many games, during gambling.
At all times the house has an overall advantage over the participant, this because most games have mathematically-determined odds. House edge is an advantage. In games like poker where players play against each other, the house takes its commission commonly known as the rake. The percentage returned to winning players is the payout. Most popular form of gambling in casinos include video Lottery Machines or slot machines. Investigative reports as at 2013, begun calling whether the modern day lottery machine is addictive.
Since massive amounts of money are handled within a casino, gaming dealers and patrons may be tempted to cheat and steal. For security measures security cameras are located almost everywhere in the casino. Security in a modern casino is divided between physical security and specialized surveillance. Physical security encompasses patrons who respond to calls for help and reporting any suspicious criminal activity. Specialized surveillance facilities operate the house’s closed-circuit television on the other hand. Popularly known as the eye in the sky, the physical security and specialized surveillance work in close collaboration together ensuring the safety of guests and casino assets and that they are successful in preventing crime. Available at the ceiling above the casino floor, catwalks, allows surveillance personnel to look directly down, through one-way glass, on the activities at the tables and slot machines.
Marketing techniques have been developed by houses in the past year so that they attract and retain loyal customers.
To keep record of players spending practices and target their patrons more efficiently a loyalty program is used, by sending mailings with free slot play and other promotions.