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It can also be a specific word or phrase. In the world of casinos bonus codes are redeemable for a variety of different types of bonuses; some can be redeemed for […].
A casino is a business establishment that is equipped with various gambling devices and other games of chance that can be played for money.
Aside from accommodating gambling and other gaming activities, a casino incorporates other entertainment elements as a service to their guests.
This includes live concerts and other forms […]. A bet is the word used to describe an amount of money placed on the outcome of an unpredictable event, such as a sports match or political elections.
What is American Roulette? It is a table game where the players have the option to bet on single numbers, a range of numbers, on colours or whether the outcome is odd or even.
A wheel is spun by the croupier […]. In the gaming and online casino industry, GGR stands for gross gaming revenue. It is calculated as the difference between the net profit the amount players wager minus the amount they win and the tax an establishment pays in regards to gaming supplies.
The profits can be huge. In , the Gross […]. What is Online Gambling? Online Gambling definition — Any form of gambling game which is played using a computer or mobile device and an internet connection can be referred to as gambling online.
Online establishments offer online casinos, sports betting, traditional casino games, video slots and more. NGR stands for Net Gaming Revenue, which is defined as the gross bets total, less the payout from any transaction with a visitor, or in which a visitor is credited, fewer returns, bonuses and chargebacks.
Net Gaming Revenue is the basic profit of a casino, gambling establishment or online casino which is […]. What are Land Based Casinos? Land based casinos are physical casino premises that are commonly known as brick and mortar casinos.
The term is used to differentiate between casino venues and their online counterparts. Some casino brands operate a mix of land based and online casinos, while other brands have either one or the other.
Taxable means that tax is liable to be paid on the amount in question. Taxable income or taxable profit means the amount on which tax must be paid — […].
A non sticky bonus is a withdrawable bonus a player can turn into cash once he has fulfilled all the bonus requirements. A player usually receives the bonus upon signing up and making his first deposit.
It is separate from the Proprietary GGY retained by the operator and not subject to any share agreement. Gross Gambling Yield is the value of all […].
For the player, it represents the amount held from gambling minus the amount spent on bets. The GGY figures are important when calculating tax for the operator or the player, depending on the […].
What is a Bookmaker? A Bookmaker is a person or company whose job it is to calculate odds on betting events, take bets and pay out winnings. Online bookmakers have become increasingly popular and most bookmaking organisations also have an online brand as well as high street stores.
Bookmakers typically make money by adjusting the […]. The casino was founded in as a site to gather information from foreign diplomats during the First World War.
Today it is owned by the Italian government, and operated by the municipality. With gambling laws being less strict than in Italy and Switzerland, it is among most popular gambling destination besides Monte Carlo.
The income from the casino is sufficient for the operation of Campione without the imposition of taxes, or obtaining of other revenue.
The former Portuguese colony of Macau , a special administrative region of China since , is a popular destination for visitors who wish to gamble.
This started in Portuguese times, when Macau was popular with visitors from nearby British Hong Kong , where gambling was more closely regulated.
The Venetian Macao is currently the largest casino in the world. The Casino Estoril , located in the municipality of Cascais , on the Portuguese Riviera , near Lisbon , is the largest casino in Europe by capacity.
During the Second World War , it was reputed to be a gathering point for spies , dispossessed royals , and wartime adventurers; it became an inspiration for Ian Fleming 's James Bond novel Casino Royale.
Singapore is an up-and-coming destination for visitors wanting to gamble, although there are currently only two casinos both foreign owned , in Singapore.
The Resorts World Sentosa has the world's largest oceanarium. With currently over 1, casinos, the United States has the largest number of casinos in the world.
The number continues to grow steadily as more states seek to legalize casinos. Relatively small places such as Las Vegas are best known for gambling; larger cities such as Chicago are not defined by their casinos in spite of the large turnover.
Top American casino markets by revenue annual revenues: The Nevada Gaming Control Board divides Clark County , which is coextensive with the Las Vegas metropolitan area, into seven market regions for reporting purposes.
Native American gaming has been responsible for a rise in the number of casinos outside of Las Vegas and Atlantic City.
Given the large amounts of currency handled within a casino, both patrons and staff may be tempted to cheat and steal, in collusion or independently; most casinos have security measures to prevent this.
Security cameras located throughout the casino are the most basic measure. Modern casino security is usually divided between a physical security force and a specialized surveillance department.
The physical security force usually patrols the casino and responds to calls for assistance and reports of suspicious or definite criminal activity.
A specialized surveillance department operates the casino's closed circuit television system, known in the industry as the eye in the sky.
Both of these specialized casino security departments work very closely with each other to ensure the safety of both guests and the casino's assets, and have been quite successful in preventing crime.
When it opened in , The Mirage was the first casino to use cameras full-time on all table games. In addition to cameras and other technological measures, casinos also enforce security through rules of conduct and behavior; for example, players at card games are required to keep the cards they are holding in their hands visible at all times.
Over the past few decades, casinos have developed many different marketing techniques for attracting and maintaining loyal patrons.
Many casinos use a loyalty rewards program used to track players' spending habits and target their patrons more effectively, by sending mailings with free slot play and other promotions.
Casinos have been linked to organised crime , with early casinos in Las Vegas originally dominated by the American Mafia   and in Macau by Triad syndicates.
According to some police reports, incidences of reported crime often double and triple in communities within three years of a casino opening.
It has been said that economic studies that show a positive relationship between casinos and crime usually fail to consider the visiting population at risk when they calculate the crime rate in casino areas.
Such studies thus count the crimes committed by visitors, but do not count visitors in the population measure, and this overstates the crime rates in casino areas.
Part of the reason this methodology is used, despite it leading to an overstatement of crime rates is that reliable data on tourist count are often not available.
Entrance to the casino at Resorts World Sentosa , Singapore. View of the Monte Carlo Casino , Monaco. From Wikipedia, the free encyclopedia.
It is not to be confused with Gambling House film. This article is about establishments for gambling. For other uses, see Casino disambiguation.
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Practical hold percentage EDGE: A player who is "firing" is wagering large sums FLEA: Make a bet GOY: Bet the opposite of your original wager in order to reduce the amount of action you have on a game HOLD: The percentage the house wins HOOK: Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team HOOPS: A wager made by one bookmaker with another to help balance his action and reduce his risk on one side or one horse LIMIT: Bet the opposite of your original wager in order to reduce the amount of action you have on a game LINE: Game where no bets are being accepted OUT: One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices SCORE: A small bettor SIDE: There is no such term as "Double Sharp" TY:
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