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Knowledge base
A casino is a facility that accommodates
certain types of gambling activities. Casinos are often placed near or combined
with hotels, restaurants, retail shopping, cruise ships and other vacation
attractions. Some casinos are known for hosting live entertainment events, such
as concerts and sporting events.
History
The term originally meant a small villa, summerhouse or pavilion built for
pleasure, usually on the grounds of a larger Italian villa or palazzo. There are
examples of such casinos at Villa Giulia and Villa Farnese. During the 19th
century, the term casino came to include other more public buildings where
pleasurable activities, including gambling and sports, took place. An example of
this type of building is the Newport Casino. In modern Italian, this term
designates a bordello (also called "casa chiusa", literally "closed house"),
while the gambling house is spelled casinς with an accent.
Gambling in casinos
In most jurisdictions, gambling is limited to persons over the age of majority
(21 years of age in most of the United States and 18 to 21 in most other
countries where casinos are permitted). Customers may gamble by playing slot
machines or other games of chance (e.g., craps, roulette, baccarat) and some
skill (eg., blackjack, poker) [for more see casino games]. Game rules usually
have mathematically-determined odds that ensure the house retains an advantage
over the players. This advantage is called the edge. Payout is the percentage
given to players. In games such as poker, the house takes a commission (a "rake")
on bets players make against each other. Playing with house money refers to the
situation where a winning player is placing bets with money that has been won
from the casino.
All text is available under the terms of the GNU Free Documentation License.
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