If you’re not a gambler, you may not be aware that casinos also offer a variety of other activities. Apart from playing games, a casino resort often has a hotel attached to it with dining facilities, swimming pools, and live entertainment. Over the years, casinos have transformed from a high-stakes, adult-only destination into a family-friendly environment. Today, most resorts have activities that appeal to everyone, from children to grandparents.
Gamblers spend millions of dollars in a casino every year. While these people may have a lot of money, the casinos are still dependent on greed to generate profits. The gambling addiction of patrons contributes to the casinos’ disproportionate profits. Approximately five percent of casino patrons are addicted to gambling, generating 25 percent of their profits. According to economists, casinos have a negative impact on communities. Because they mostly attract local residents, casinos tend to shift money from other forms of local entertainment. Furthermore, the cost of treating problem gamblers and lost productivity from such activities can more than offset the positive effects of casinos.
The casino concept spread throughout Europe, beginning in France. French gambling houses invented most of the games that are played today in modern casinos. However, the first legal casino opened in 1765 in Baden, Switzerland. It is now a global phenomenon with a wide variety of locations in Europe. While many European countries banned casinos, France made gambling legal in 1933. By the end of the century, most European countries had legalized gambling, and today, the continent is home to many world-famous casinos.