A Casino is a gambling establishment that features a variety of games of chance and skill. In addition to the usual tables and slot machines, many casinos feature live entertainment, top-notch hotels, spas and restaurants. They also offer a wide range of other amenities such as sports betting and free play rooms. Many of the best casinos also have family-friendly options.
Casinos are operated by a variety of business organizations, including independent operators and some owned by large hotel chains or real estate investors. In the past, many were run by mobsters, but federal crackdowns and the fear of losing a gaming license at even the slightest hint of mob involvement have driven them out of the business. Real estate investors and hotel chains with deep pockets have bought them out, however, and are now operating casinos without the mob’s interference.
While a substantial portion of casino profits comes from food, drinks and entertainment, the majority is generated by the games themselves. Each game has a built in advantage for the casino that can be as low as two percent, but over millions of bets it adds up to significant amounts. This edge, called the house edge or vigorish, is derived from the math of the game and can vary between games. For example, the vig on poker is slightly higher than the house edge on roulette or craps.
The typical casino patron is a forty-six-year-old female from a household with above average income. These patrons tend to spend more than the average American, and often visit multiple casinos during a trip. This makes them valuable customers, and casinos make every effort to keep them happy and coming back.