Casino industry

By: EconomyWatch   Date: 30 June 2010

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The casino industry is a global gaming industry generating a large volume of revenues, and one that has been growing strongly, particularly as affluence grows in Asia. It offers a large variety of employment opportunities. Casinos are entirely illegal in some countries such as India and most of the arab world, while they are being partially legalised in countries such as Singapore.

Industry Gross Revenue
Card Rooms $1.10 billion
Commercial Casinos $34.11 billion
Charitable Games and Bingo $2.24 billion
Indian Casinos $25.08 billion
Legal Bookmaking $191.0 million
Lotteries $24.63 billion
Pari-mutuel Wagering $3.58 billion

Casino industry employment

Casino industry employs workers for conduction of table games like following.

1.Craps
2.Roulette
3.Red dog
4.Blackjack
5.Baccarat

Some casino employees are employed for keeping a tab on patrons and for detection of cheating of house rules. Starting from gambling dealers (also can be employed in casino online as live dealers), gambling cashiers, slot machine attendants, slot machine technicians, keno writers, gambling monitors, pit managers to casino managers a whole lot posts (to name a few) are available in casino industry. Apart from these, casino industry generates various types of support jobs in local hotel industry. These employ professionals in field of food and beverage preparation, building and maintenance, housekeeping, sales and marketing, purchasing agent and public relations to name a few.

Equipments used in casino industry include following.

1.Cards
2.Electrical test instruments
3.Gaming table
4.Hand tools
5.Chips and tokens
6.Markers
7.Spinning wheels
8.Tickets
9.Dice

Internet gambling

Since the dawn of the internet era, online gambling or internet gambling has gained immense popularity throughout the world. As per estimation there exists over 2,000 online gambling and internet casino websites, which offer different kinds of wagering options like sports betting, bingo, online casino games and lotteries. In 2005 US earned $5.9 billion in revenues from internet gambling. Out of an estimated 23 million online gamblers nearly 8 million belonged to US in 2005. From a purely economic point of view, the casino industry leads to employment creation and helps local population to move to a higher welfare level via creation of many positive externalities.


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