Gambling in its many forms, from the casual game of dice to the high-stakes poker tournaments, has been a part of human culture for millennia. But there’s something about a world-class casino that elevates the experience to a whole new level.
With their opulent furnishings, overflowing bars and star-studded entertainment, these temples of temptation are where gambling becomes an art form. From the historic Monte Carlo to the modern Las Vegas Strip, these casinos are where you want to be if you’re looking for that next big thrill.
Unlike other types of amusements, where the house’s advantage is mathematically defined and can be calculated, the house edge in casino games depends on the rules established by the individual establishments. The advantage is sometimes called the “house’s profit margin” or the “house hold percentage.” It is a major source of revenue for the casinos and is designed to offset operating costs, which can be substantial.
While the casinos are mostly operated by independent gaming organizations, some are owned by governments or municipalities. They may be integrated with hotels, resorts, restaurants, retail shops, cruise ships or other tourist attractions. Some are also located on American Indian reservations, where state antigambling laws do not apply. Many states have legalized casinos, although a few still prohibit them. There are about 1,000 casinos worldwide, with the majority located in the United States. The most famous are in Las Vegas and Atlantic City.