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</p> Signup and view all the answers

    What is the term 'Casino' derived from?

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

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

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

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

    <p>45</p> Signup and view all the answers

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

    <p>Casino</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</p> Signup and view all the answers

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

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

    What is the primary purpose of catwalks in casinos?

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

    In which year was the Casino de Monte Carlo established?

    <p>1856</p> Signup and view all the answers

    In what year was the Casino de Spa first established?

    <p>1763</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</p> Signup and view all the answers

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

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

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

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

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

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

    How much does it cost to join Crockfords Club?

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

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

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

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

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

    Which casino is located in Michigan?

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

    What is another term for casino tokens?

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

    What is a casino hotel?

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

    What is the primary purpose of gambling?

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

    When did gambling first emerge in ancient China?

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

    In which year was gambling legalized in Nevada?

    <p>1931</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</p> Signup and view all the answers

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

    <p>Chess</p> Signup and view all the answers

    What is the current status of gaming in Mainland China?

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

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

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

    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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    Description

    Learn about the concept of gaming and casino, its history, and management strategies. Understand the different types of games offered in a casino, including slot machines and table games.

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