Casino and Gaming Management

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Questions and Answers

What is the size of Las Vegas in square kilometers?

  • 350 sq.km (correct)
  • 30 sq.km
  • 400 sq.km
  • 500 sq.km

What is the number of casinos in Macau?

  • 40 (correct)
  • 80
  • 60
  • 20

What is the average spending in Macau?

  • 600
  • 1354 (correct)
  • 2000
  • 400

What is the ranking of Baccarat in terms of popularity?

<p>Most popular in Macau (B)</p> Signup and view all the answers

What is the term 'Casino' derived from?

<p>Italian root 'Casa' (B)</p> Signup and view all the answers

What type of players spend more than $5000 per trip?

<p>High-end players (D)</p> Signup and view all the answers

What is the revenue of Macau in 2013 in billion dollars?

<p>45 (D)</p> Signup and view all the answers

What is the facility that houses and accommodates certain types of gambling activities?

<p>Casino (D)</p> Signup and view all the answers

What kind of functions were hosted in buildings like the ones mentioned?

<p>Civic town functions, including dancing, music listening and gambling (D)</p> Signup and view all the answers

Which city has the highest revenue in the American casino market?

<p>Las Vegas Strip (B)</p> Signup and view all the answers

What is the primary purpose of catwalks in casinos?

<p>To allow surveillance personnel to monitor activities (D)</p> Signup and view all the answers

In which year was the Casino de Monte Carlo established?

<p>1856 (A)</p> Signup and view all the answers

In what year was the Casino de Spa first established?

<p>1763 (D)</p> Signup and view all the answers

What is unique about the parking lot of the Casino de Monte Carlo?

<p>It's often filled with luxury cars like Bentleys and Ferraris (B)</p> Signup and view all the answers

Which of the following is NOT a feature of modern casinos?

<p>Dance floors (B)</p> Signup and view all the answers

Which casino is currently the oldest operating casino in the world?

<p>Casino di Venezia (D)</p> Signup and view all the answers

What is the name of the private gaming club established in 1828?

<p>Crockfords Club (A)</p> Signup and view all the answers

How much did Prince Carl von Nassau-Usingen give a city banker to operate the Casino Wiesbaden?

<p>200 Gulden (D)</p> Signup and view all the answers

How much does it cost to join Crockfords Club?

<p>£1000 (A)</p> Signup and view all the answers

What is the name of the group that purchased the Casino de Spa in 2003?

<p>Circus Casino Spa Group (B)</p> Signup and view all the answers

Which of the following casinos is NOT located in the United States?

<p>Casino du Lac-Leamy (D)</p> Signup and view all the answers

How many square feet is the San Manuel Indian Bingo & Casino?

<p>480,000 square feet (B)</p> Signup and view all the answers

Which casino is located in Michigan?

<p>Treasure Island Resort &amp; Casino (C)</p> Signup and view all the answers

What is the ranking of the Mohegan Sun Casino in the list of the top-10 largest casinos in the world?

<p>10th (D)</p> Signup and view all the answers

What is the primary function of a cashier's cage in a casino?

<p>To control the flow of chips to and from gaming tables (B)</p> Signup and view all the answers

What is the purpose of a drop box in a casino?

<p>To deposit cash and markers received from players (B)</p> Signup and view all the answers

What is another term for casino tokens?

<p>Chips or cheques (A)</p> Signup and view all the answers

What is a marker in a casino?

<p>A printed or written IOU that extends credit to a player (D)</p> Signup and view all the answers

What is a credit slip in a casino?

<p>A form that states the amount of excess chips at each gaming table (D)</p> Signup and view all the answers

What is the purpose of a fill slip in a casino?

<p>To state the amount of chips short at each gaming table (D)</p> Signup and view all the answers

What is a casino hotel?

<p>A casino with guestrooms attached (C)</p> Signup and view all the answers

What is the primary difference between casino tokens and metal token coins?

<p>Casino tokens are used in table games, while metal token coins are used in slot machines (A)</p> Signup and view all the answers

What is the primary purpose of gambling?

<p>To win additional money and/or material goods (A)</p> Signup and view all the answers

What is the difference between gambling and gaming?

<p>Gaming is permitted by law, while gambling is not (C)</p> Signup and view all the answers

When did gambling first emerge in ancient China?

<p>2600 B.C. (C)</p> Signup and view all the answers

In which year was gambling legalized in Nevada?

<p>1931 (A)</p> Signup and view all the answers

What is the main difference between a casino and a gaming venue?

<p>A casino has a variety of table games, while a gaming venue only has slot machines (B)</p> Signup and view all the answers

Which of the following is NOT a type of table game?

<p>Chess (B)</p> Signup and view all the answers

What is the current status of gaming in Mainland China?

<p>Gaming is banned everywhere (A)</p> Signup and view all the answers

In which year did gaming revenues in Macau grow at around 30% a year?

<p>2008-2013 (A)</p> Signup and view all the answers

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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
  • 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

    1. The Venetian Macao (China) - 546,000 square feet
    1. Casino de Montréal (Montreal, Canada) - 526,488 square feet
  • ...
    1. Mohegan Sun Casino (Las Vegas) - 300,000 square feet

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