Questions and Answers
What is the size of Las Vegas in square kilometers?
350 sq.km
What is the number of casinos in Macau?
40
What is the average spending in Macau?
1354
What is the ranking of Baccarat in terms of popularity?
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What is the term 'Casino' derived from?
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What type of players spend more than $5000 per trip?
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What is the revenue of Macau in 2013 in billion dollars?
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What is the facility that houses and accommodates certain types of gambling activities?
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What kind of functions were hosted in buildings like the ones mentioned?
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Which city has the highest revenue in the American casino market?
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What is the primary purpose of catwalks in casinos?
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In which year was the Casino de Monte Carlo established?
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In what year was the Casino de Spa first established?
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What is unique about the parking lot of the Casino de Monte Carlo?
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Which of the following is NOT a feature of modern casinos?
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Which casino is currently the oldest operating casino in the world?
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What is the name of the private gaming club established in 1828?
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How much did Prince Carl von Nassau-Usingen give a city banker to operate the Casino Wiesbaden?
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How much does it cost to join Crockfords Club?
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What is the name of the group that purchased the Casino de Spa in 2003?
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Which of the following casinos is NOT located in the United States?
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How many square feet is the San Manuel Indian Bingo & Casino?
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Which casino is located in Michigan?
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What is the ranking of the Mohegan Sun Casino in the list of the top-10 largest casinos in the world?
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What is the primary function of a cashier's cage in a casino?
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What is the purpose of a drop box in a casino?
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What is another term for casino tokens?
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What is a marker in a casino?
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What is a credit slip in a casino?
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What is the purpose of a fill slip in a casino?
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What is a casino hotel?
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What is the primary difference between casino tokens and metal token coins?
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What is the primary purpose of gambling?
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What is the difference between gambling and gaming?
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When did gambling first emerge in ancient China?
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In which year was gambling legalized in Nevada?
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What is the main difference between a casino and a gaming venue?
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Which of the following is NOT a type of table game?
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What is the current status of gaming in Mainland China?
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In which year did gaming revenues in Macau grow at around 30% a year?
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Study Notes
Casino and Gaming
- A casino is a place where people go to gamble, featuring various games such as slots, table games (poker, blackjack, craps, roulette) and card games.
- Gambling is the betting of money or material value on an event with an uncertain outcome, with the primary intent of winning additional money and/or material goods.
- Gaming refers to gambling when it is permitted by law.
History of Gaming
- The first mention of gaming dates back to ancient Chinese dynasties (2600 B.C.) and ancient Egypt.
- Ancient Greeks did not approve of gaming, while Ancient Romans made bets on sports events, gladiators, etc.
- Gaming came to Europe after the Crusades (1100-1300 A.D.) and was introduced to the U.S. by sailors of explorers (Columbus, etc.).
- Gaming was legalized in:
- Nevada in 1931
- Atlantic City in 1976
- Indian gambling in 1988
- Riverboat gambling reemerged in late 1990s
- Nowadays, it is legal in all states except Utah & Hawaii
Modern History of Gaming in China
- Gaming is banned everywhere in Mainland China
- In 2002, legislation eased, and Macau, S.A.R. of China, was allowed to have gaming
- Gaming revenues grew at around 30% a year between 2008-2013
Las Vegas vs. Macau
- Las Vegas:
- Size: 350 sq.km
- Number of casinos: ~80
- Average spending: $156
- Revenue in 2013: $6.5 billion
- Famous for: entertainment
- Macau:
- Size: 30 sq.km
- Number of casinos: ~40
- Average spending: $1354
- Revenue in 2013: $45 billion
- Famous for: gambling
Casino Games
- Table games:
- Baccarat
- Blackjack
- Craps
- Roulette
- Slot machines
Most Popular Table Games
- USA: Blackjack
- Europe: Roulette
- Macau: Baccarat
Casino Guests
- Grind players (low-end): budget players
- Middle-range players: spend between $3000-$5000 per trip
- High-end players (high rollers or whales): spend more than $5000 per trip
Casino History
- The term "Casino" is of Italian origin, meaning a small country villa, summerhouse, or pavilion.
- In modern English, a casino is a facility that houses and accommodates certain types of gambling activities.
Oldest Casino in the World
- Casino de Monte Carlo (aka Grand Casino), Monte Carlo, Monaco
- Established in 1856 and still in operation today
Largest Casinos in the World
-
- The Venetian Macao (China) - 546,000 square feet
-
- Casino de Montréal (Montreal, Canada) - 526,488 square feet
- ...
-
- Mohegan Sun Casino (Las Vegas) - 300,000 square feet
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