Tuesday, July 14, 2009

Casino

A casino is, in the modern sense of the word, a facility that houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping,cruise ships and other tourist attractions. Some casinos are known for hosting live entertainment events, such as stand-up and sporting events. 

Casinos usually draw large amounts of tourists who carry large amounts of cash. Casinos usually serve free alcohol as well, which can serve to make the patrons less alert. Therefore, many believe casinos are crime hotspots. However, some research argues that when the casino is built with the surrounding community, it probably the presence of crime. 

However, when observing the literature on crime and casinos, one should be aware of the research methods used. Some research has used crime rates that exclude the visiting population at risk crime rate in areas with casinos. Customers gamble by playing slot machines or other games of chance and some skill. 

This can be expressed more precisely by the notion of expected value, which is uniformly negative. This advantage is called the house edge. In games such as poker where players play against each other, the house takes a commission called the rake. Casinos often give out free items, known as comps to people who are gambling. 

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