A casino is a gambling establishment where people gamble on games of chance or skill. Casinos range from massive resort casinos to small card rooms. They can be found around the world and are operated by many different kinds of organizations, including government-owned or Native American tribal entities. Casinos generate billions of dollars each year for their owners, investors, and patrons. They are also significant employers in many towns and cities.
A: The Bellagio in Las Vegas is the best-known casino, but it’s not the only one. Other famous casinos include Monte-Carlo in Monaco, Casino Lisboa in Lisbon, and the elegant spa town of Baden-Baden in Germany. Casinos draw millions of tourists each year to their restaurants, bars, hotels and casinos. Some are even featured in popular movies and television shows.
In the early days of casino gaming, organized crime figures financed several of them. The mobsters had lots of cash from their drug dealing and other illegal rackets, and they were willing to take on the risky ventures because they knew that they would be able to make money. However, federal crackdowns on mob influence over casino operations and the prospect of losing a license at even the slightest hint of criminal involvement caused legitimate businessmen to move in and take over. They soon discovered that they could make just as much, if not more, than the mobsters did. This is because casino gambling offers a high profit potential for every player, regardless of skill level.