Technology and the Casino
Casinos make a lot of money, but they also promote compulsive gambling. Studies show that five percent of casino patrons are addicted to gambling. This is significant because this percentage generates 25 percent of a casino’s profits. Casinos also have negative impacts on communities, primarily because they divert money away from other forms of entertainment in a community. The economic benefit of casinos is offset by the costs of treating problem gamblers and the lost productivity that comes with gambling addiction.
Casinos have become increasingly technologically advanced over the past few decades. Computers and video cameras are routinely used to monitor casino games. Chip tracking allows casinos to record wagers minute by minute. Casinos also monitor the roulette wheel for statistical deviations. In addition, casino operators often offer extravagant inducements to big bettors, such as free drinks and cigarettes.
Modern casinos are essentially indoor amusement parks for adults. Gambling is the main source of entertainment, although some casinos also offer dining and shopping malls. Some of these facilities also host live entertainment events. While casino gambling has been around for centuries, its popularity has increased in recent years. In the U.S., casinos make billions of dollars every year, mostly from slot machines and blackjack. Other popular casino games include baccarat and keno.
Modern casinos are equipped with sophisticated technology that allows them to play faster hands without the need for human employees. The technology also allows them to eliminate wages for human casino workers.