Casino
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A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sporting events. The term casino is of Italian origin, from the root word casa meaning "house." Originally, the term referred to a small country villa, summerhouse, or social club. During the 19th century, casino came to encompass other public buildings where pleasurable activities took place. The precise origin of gambling is unknown, but it is believed to have existed in nearly every society in history. The first known European gambling house, the Ridotto, was established in Venice, Italy, in 1638 to provide controlled gambling during the carnival season. In the United States, early gambling establishments were known as saloons. In the early 20th century, gambling was outlawed in the US by state legislation. However, in 1931, gambling was legalized in Nevada, leading to the rise of Las Vegas as a major gambling center. In 1976, New Jersey allowed gambling in Atlantic City, which is now the second-largest gambling city in the US. Casinos offer a variety of games of chance, which in some cases involve an element of skill. Common games include craps, roulette, baccarat, blackjack, and video poker. All casino games have a mathematically determined advantage for the house, known as the house edge, which ensures that the casino will make a profit in the long run. The percentage of funds returned to players as winnings is known as the payout. Slot machines have become one of the most popular forms of gambling in casinos. The design of a casino, including factors like sound, odour, and lighting, is often carefully controlled to encourage gambling. Globally, there are several major casino markets. Macau is the largest gambling market in the world, having surpassed Las Vegas in terms of revenue. Other significant gambling centers include Singapore, Monte Carlo, and various locations in Europe and the United States. Some of the most famous casinos in the world include the Monte Carlo Casino, The Venetian Macao, and Caesars Palace. The casino industry is a major part of the tourism and leisure industry, with the largest casino operator companies generating tens of billions of dollars in revenue annually.