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What is a Casino?

A casino is an establishment where people can gamble by playing games of chance. These establishments are often combined with hotels, restaurants, retail shops, and entertainment venues. Many states have legalized gambling as a way to raise funds for public services. Some states have also established gaming commissions to regulate and control the industry.

The word casino may also refer to:

BAC (Bill Validator/Auction) – This component of a slot machine accepts and reads currency in exchange for credits that are added to the player’s account for play. The BAC is a key piece of hardware for the integrity of the game and is essential for the security of the players’ financial information.

Comp – A casino comp is a reward offered to players as a way to thank them for their patronage and loyalty. It can be in the form of free room nights, meals, merchandise or even show tickets. In order to qualify for comps, a player must generate enough theoretical or actual revenue (total in – total out) for the casino.

Most casinos use bright and sometimes gaudy floor and wall coverings to create a stimulating and cheery atmosphere. The color red is a particular favorite because it stimulates the appetite and makes the players less aware of how much money they are losing. The casinos employ mathematicians and computer programmers called gaming analysts to analyze the house edge and variance of each game. These numbers tell the casinos what kind of profit they can expect to make over time and how much cash reserves are needed.