Entertainment
How many tourists does Las Vegas see every year?
A. 10 million
B. 35 million
C. 40 million
D. 5 million
C. 40 million
What is the House Edge?
The house edge is a theoretical advantage that the casino holds over every game played.
Nationally, Casinos employ (Pre-pandemic) roughly ______ people.
A. 700 thousand
B. 3.2 million
C. 2.4 million
D. 1.7 million
D. 1.7 million
How many states have legalized casino gambling?
A. 50
B. 40
C. 30
D. 20
C. 30
Although only 23 have casinos
How many people gamble in Southern Nevada each year?
A. 10 million
B. 35 million
C. 25 million
D. 9 million
C. 25 million
In order to pay winnings, Casinos have between ___ and ___ million dollars on hand at all times.
A. 100 and 200
B. 10 and 20
C. 60 and 90
D. 30 and 40
C. 60 and 90
In Southern Nevada, Casino's account for ____percent of employment
A. 25.8%
B. 13.1%
C. 16.8%
D. 8%
C. 16.8%
Is Casino gaming/gambling regulated at the federal/state/local level?
What is the State level?
Ex. Nevada Gaming Commission; Maryland Gaming Commission, etc.
T/F? Casinos will bribe their own clients in order to encourage longer stays?
True
"Comps" can be anything from free alcohol to first class airfare back to the patrons home city.
To encourage gambling, Casinos employ a range of psychological techniques to trick guests into playing longer and for more money. Which of these techniques are deployed by casinos?
A. Room Scents
B. Ideal Music
C. No Clocks or Windows
D. Labyrinth layout
E. All of the Above
E. All of the Above
Fun fact: The Bellagio reported that a specific (and secret) mixture of scents reports over a 46% increase in profits on the casino floor.
Casinos are some of the leaders in private security innovation? Which of these security features was The Mirage Casino the first business in the world to use?
A. Fingerprint Analysis
B. CCTV
C. Complete sound coverage
D. Infared Cameras
B. CCTV
In fiscal year 2018, over ____ dollars were generated from all state and local casino tax revenue.
A. 10 billion
B. 27 Billion
C. 31 Billion
D. 16 Billion
B. 27 Billion
T/F: Since 2010, gaming sales as a Percentage of casino sales has risen every year.
False. Marquis boxing matches, wrestling venues, and theatre shows have been increasing casino revenue every year.
Casinos's make profit off of poker games by taking what is known as a ____ of the final pot.
What is a Rake?
False. You must be 21 to be on casino floors, but you can work on casino floors at 18.
T/F: Gambling winnings must be reported as part of your income for taxation.
T/F: Over 60% of the Las Vegas Casinos can be classified as Family Resorts
False: Out of the 51 casinos in the Las-Vegas strip area, 18 are family resorts
Casinos have been moving toward designing their properties as theme parks to attract a larger client base. Ex. Atlantis in Paradise Island
Mathematically, blackjack has a 4.73% chance of being drawn. However, on the floor of the MGM Grand, blackjack occurs at a rate of ______
A. 1.5%
B. 2.4%
C. 3.1%
D.0.9%
C. 3.1%
From January 2018 to January 2019, Casino employment grew/shrank ____
A. 6.1%
B. -5.6%
C. 3.1%
D. No Change
B.-5.6%
Murphy vs. National Collegiate Athletic Association was a Supreme court case that removed the federal ban on
A. Interstate online gambling
B. Interstate sportsbook betting
C. Interstate online horse betting
D. Interstate lotteries
B. Interstate Sportsbook betting