What Is a Casino?

A casino is an establishment for certain types of gambling. These casinos are often built near or combined with hotels, resorts, restaurants, retail shops, and other tourist attractions. Some casinos are also known for hosting live entertainment events such as concerts and sports. The term casino may also refer to a specific game or set of games played at a casino, such as blackjack, poker, and craps.

The Bellagio, for example, is well known for its fountain featured in movies such as “Ocean’s 11” and “The Hangover.” It has 2,000 slots, high-limit tables and an exclusive fashion area for luxury shopping. It also hosts World Poker Tour events and attracts professional players due to its high table limits.

Casinos make their money by taking a percentage of all winnings, called the house edge. The edge is calculated using the expected value of the player’s bet, which takes into account the odds of winning and losing. This advantage can be shortened or eliminated with careful strategy, such as card counting or other techniques.

Various states have different laws regarding the legality of casinos. Some states have banned them altogether, while others regulate them to some degree. Moreover, some casinos are operated on American Indian reservations, which are exempt from state anti-gambling statutes. In addition, some casinos are incorporated in other countries, such as Macau. These casinos offer many traditional Far Eastern games, such as sic bo, fan-tan, and pai gow.