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“Casinos” are in a simple manner the places offering some games of chances to earn money through the Gambling. Gambling is the foundation of a casino, and it runs due to this. But there are several. other things that make the business of Casinos profitable and lucrative. Hotel aspects of it are :
• Casinos are mainly attached to luxurious hotels, pubs, Restaurants to attract wealthy guests.
• They arrange musical shows, stage performance, offer free drinks and other pleasure fuel things to maintain luster and engage the guests strongly
• They often bring celebrities if possible to make the environment more colorful • They offer games of chances such as
Blackjack, Roulette, craps baccarat, Keno, and others.
All casinos have arrangements of some statistical advantage to gain millions of rupees as profit. Monte Carlo(Monaco), Borgata Hotel Casino and Spa, Casino Lisboa(Lisbon), MGM Las Vegas, Sand Macau, Boxwood resort Casino, Marina Bay sands in Singapore, Casino Baden -Baden in Germany and many others are like hot spots of Gambling attracting a huge amount of tourists and gamblers and generating a hefty amount from it. 파라오카지노 – instagram
Some statistics related to it are:
1. According to a study, nearly 26 % of the world population are engaged in gambling.
2. In the UK, nearly 17% of citizens take an interest in Gambling.
3. Top gambling centers of the world are Macau, Nevada in the USA, UK, Canada, and others.
4. Australia and Singapore have also gathered pace regarding gambling but the per capita loss is high.
5. Macau generates nearly
50% of its revenue from gambling.
Though, it is legalized at some places but, many negatives aspects are attached to Casino industry such as:
• It promotes gambling which is still considered immoral in many parts of the world.
• It encouraged drugs and black money culture which puts adverse impacts upon the youth.
• It has always been notorious for crimes by gangs like in Las Vegas and Macau.
• It also induces the danger of bankruptcy and extortion especially from those who are at the losing side.
• It makes people socially cut off and short-tempered due to its nature.
• There is the menace of trafficking attached to it by the gangs.
• If not regulated properly, it can make the government lose a huge amount of money as tax.
In India, it is legalized on a small scale. Sikkim and Goa have legalized gambling and betting to some extent while Horse racing is legal in Maharashtra. Though, if regulated properly with enough checks and balances it can generate a huge amount of tax revenues. In Goa, Casinos are a major attraction as it has been a former colony of Portugal the same as Macau.
So, overall it can be a better source of entertainment if a blend of ethics and strict rules is implemented so as not to make it a place black money, tax evasion, drug addiction, trafficking, gangs, bankruptcy, and other menaces. It depends upon cultural factors also as some societies still consider it a “vice” and term it one of the major causes of major problems arising at the Individual and societal level.