Casino Business Basics

Like any other enterprise, casinos focus on profit. However, their undertakings are varied and diverse than any other organization. The various activities in which a casino indulges include gambling, restaurants, hotels. Gambling in itself is quite complex comprising of various card games, machines and table games. The conversion of money to chips, given the large inflow of cash and the threat of thefts, is an art in itself. Apart from all this there is a lot of manpower involved. Being a licensed body, it is subjected to tax as well. To add to all this there is periodical auditing which determines the continuance of the license. Thus, opening and monitoring a casino requires a lot of homework to be done.

Every casino, like any other organization, has a hierarchical structure. The top position in a casino can be of the owner or the Board of Directors. Generally, the casinos have some lower managers to take care of the various operations of the casino. These include the Manager of Finance, Manger of Food and Beverages, Manager of Casino Operations etc. the number of departments and managers depends on the size of the casino and the range of activities undertaken by it. Due to the huge cash flows, the accounting department of the casino is distinct from other departments. It has its own structure comprising of five levels which includes the clerks, cashiers, vault employees, financial managers, accountants and internal auditors.

An important aspect of the gambling world is law. Information regarding controlling bodies and legislations are very important while administering a casino. These enactments and regulations provide licensing procedures, gaming rules etc.

Like all other enterprises, accounting forms an integral part of the Casinos. Accounting, here aims at proper and exhaustive recording of all cash flows, prevention of theft while recording these transactions and analyzing the data for decision making. Fulfillment of all the above objectives is quite difficult as all the transactions are reported once a day and the bulk of this transaction is enormous. Fair accounting helps in an effective cost profit analyses of the casino, thus leading to better decision making. The revenue generated through the casino is an important source of income for the government. Tax acts as, both, a deterrent for gambling a source of income. Tax is imposed at the federal as well as the state level.

The accounting process of the casino is evaluated by means of auditing. While regular internal audits are important, statutory audits are also conducted by gaming control agencies. Internal audits primarily help the casino to prevent cheating. Fraudulent activities can cost a casino its license, not to mention the goodwill and customers. independent auditors check the functioning of the casinos, especially when the casino trades publicly in stock. Most of the financial activities of the casino involves certified public accountants.

Casinos are nowadays diversifying and evolving. Nevada and New Jersey are now becoming famous holiday spots for all and are no more mere gambling hubs. This diversification can prove to be profitable for the business only when the owners and proprietors are well aware of their decisions and their implications. Hence, thorough knowledge and information is a pre requisite for any profitable casino.

Mansi aggarwal writes about. casino business Learn more at [http://www.casinobusinessnotes.com]

Article Source: http://EzineArticles.com/expert/Mansi_Aggarwal/9070

 

The Legal Rules of Online Casinos

Online gambling and casinos are very popular for a variety of reasons, including the ease of playing, and the ability to play these games from the comfort of your own home. For many people, a trip to Vegas is out of the question due to financial reasons, or they just do not want to deal with the crowds of people once they get there. Regardless of why you play casino games, or gamble online, you should know the legal rules that govern the sites, and what you can and cannot play or win.

According to the experts, there are a few things that you should keep in mind before making your first bet or playing your first casino game. These tips include:

1) Make sure you read the disclaimers page (sometimes listed as terms and conditions) before even logging on. If there is something that you do not understand, make sure there is a way to get a thorough resolution before proceeding.

2) If there are major issues with the welcome or landing page, such as glaring spelling or grammatical errors, or sentences that do not make sense, then look to find the sites country of origin. There are certain countries that you should avoid gambling with for legal reasons. If you cannot find the originator and where they are from, avoid that site.

3) Understand all rules, including how much you can win per day and what happens to your winnings if you exceed this amount.

4) Consider using a different email to log onto a casino or gambling account rather than linking your regular or everyday one.

5) Keep all of your passwords, screen names and other log in information for any casino or gambling site in a secured site so that there will not be any issue with unauthorized users.

Finally, make sure that the gambling or online casino games that you are wanting to play are legal in your area- there are so many legal loopholes and issues to contend with, it may be next to impossible to be completely within the law on this particular issue, but you can make sure that you take every reasonable precaution to be legal. Make sure that you are dealing with a secured site before giving out your credit card and also make sure that there are other methods of paying and receiving payment. (i.e. Paypal, or other secure pay sites)

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Article Source: http://EzineArticles.com/expert/Gergo_Szabo/142772

 

A Live Dealer in an Online Casino Makes Up a Realistic and Upfront Gambling Entertainment

If you are ever curious of both gambling rookies and gambling pros are so hooked in online gaming sites, perhaps you have not tried being dealt with a live dealer. There is not much difference in playing your well-loved casino game in a land established casino and playing with a live dealer in a gaming site. You miss none of the entertainment, and the features and services are more upfront that usual.

Live gambling entertainment will be brought to you by a webcam to which you can feel primarily feel no difference at all. The scheme of simulation of random numbers you have been used to is now made anew through the credible outcome of having a live casino dealer. If the random generated numbers and simulation looked robotic, then live casino entertainment is video streamed in to your home across the nation.

Growing tips with the interaction of a live dealer

The dealer or the croupier is known to have mastered the circles of the game, to which you can interact with him or her. Live dealers spin the real wheel in roulette, deal real cards in blackjack and the entertainment is upfront. The eyes you will have is personified by a webcam for you to see the live dealership in an online casino as well as the other players for the camera will direct all over the room, enabling you to see.

What makes the live dealer so charming to the gaming community is its being interactive luring more courtesy tips. The numbers in roulette are real and the results are convincing compared to the earlier stuff of random generated numbers. If you have been thinking that the gaming sites are actually just trying to be a copy of a real casino, you might be just right because they actually have it for real!

It is of choice if the live video is streamed from a gaming area, the studio or from TV, just to bring to you interactivity without you feeling less excited than you might actually feel.

Both pros and amateurs are finding that the gaming experience online is much more excitingly entertaining. The prices of winning is tripled compared to any land established casinos. The realistic feel of gambling online while you are at home is a very special treat to usual gamblers all over the world.

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Article Source: http://EzineArticles.com/expert/Adam_Kingston/154702

 

Live Dealer Casinos – How Important is Our Trust in Technology?

Simply stated, our trust in technology can make or break an industry, particularly industries where risk and/or chance is involved, such as online gambling. While we may be living in the technology age, and kids today seem to have technology and gadgets coursing through their veins, there is a rather large demographic of individuals who are not quite so anxious to become tech savvy themselves. While day to day life in modern society requires some level of technological knowledge, there are people who try to keep that requirement to a bare minimum. Why is this? Why are they not excited about all the technological advances which seem to make life so much easier?

There are several reasons that people avoid becoming slaves to technology, and hence avoid the online gambling scene altogether. Such a huge dependency on technology can make people feel like they do not have control of the circumstances surrounding their finances, as well as other areas of their lives which are driven by technology. These people actually think about the possibility of a day when nobody has power, all computers go down, and they are unable to make financial transactions, which prohibits them from buying food, and the fear factor just escalates from there. Because the banks depend on technology to function, people who do not trust technology often worry about the safety and accessibility of their money. The significant increase in identity theft has not helped these people feel any better about technology. Banking is just one example, but you get the idea.

The online gambling industry has come up with a way to reduce the fear factor in online gambling technology, and increase the trust factor. When it comes to gambling, there is a huge demographic of people that simply do not believe that a computerized version of a casino game could be completely fair. They do not trust that random number generators are the answer, and so they simply refuse to play. Not only are they missing out on some exciting and thrilling gaming, but they could also make a dramatic impact in online casino revenues for casino operators. This being the case, it was in the casino operators’ best interested to find a solution to this issue. It is funny that technological advancements were the key to comforting the fears of those who do not trust technology, but that was exactly the case.

Advancements in Internet connectivity, as well as video and audio web streaming have enabled online casinos to add something to their gaming environment that has changed everything. What could this remarkable tool be? Well, it is called good, old fashioned humanity. Yes, they have added the human factor back into the equation, and online Live Dealer games are revolutionizing the world of online gambling. While most technological advancements strive to eliminate the necessity of humans in certain functions, Live Dealer casinos sought to bring live people back into the game. Online gaming enthusiasts are delighted and a whole new audience of players has joined in on the fun.

How it works is quite simple actually. Players are able to see and hear everything that is happening in the game they are playing. They can actually see the cards being dealt, the dice being rolled, or the roulette wheel being spun. They can hear what is being said at the game table, and can even interact with the dealer through the live chat feature. It really is the next best thing to being there, only much more convenient. People who at one time would not consider online gambling due to their distrust of technology have flocked to Live Dealer casinos and have a whole new perspective on things. Even those players who have played all along before the Live Dealer gaming was possible indicate that they do feel more confident in the legitimacy of the game when they are playing with a live dealer. Live Dealer Casinos are enjoying a surge in customers and popularity due to adding Live Dealer games to their repertoire. It all boils down to trust, and the response that Live Dealer Casinos have gotten proves that no application, interface, or program can really replace our need for a human connection.

Find out more about Live Dealer Casinos and all that they have to offer. Once you experience Live Dealer Gambling for yourself, you might just find yourself pleased that you made the connection!

Article Source: http://EzineArticles.com/expert/Kevin_Venclauskas/15409

 

How to Play in Online Casinos

Playing in an online casino nowadays is as easy as going to the gambling club in your neighborhood. The security of your funds and the privacy of your personal data are guaranteed as there is strict control over the online casinos. Of course there are many fake online casinos but the trusted ones are so many that you will not have a problem at all to find a good casino where to play. I will not discuss the ways to find trusted casinos in this article. For further information regarding this issue read my bio below where I am posting a link to another article which will guide you in finding legitimate and reliable online casinos!

Anyway, let’s move forward. Let’s say you have made your research and found a trusted casino where to play. In order for you to start playing there are a few basic steps you should follow:

1. Create an account.

First of all you will need to create an account in that casino of course. For that aim just go to the sign up page and fill out the required data. The registration should be free and you should not be forced to put any money in your account if you do not want to – otherwise just skip that casino and move to another.

2. Play with real money or for pleasure.

If you’ve chosen the right casino then you will have that choice – whether to play with real money or for fun. If the casino doesn’t allow you to play free then skip it and go to another one. If you want to play with real money then you should make a deposit by using one of the payment methods the casino supports. They are usually:

  • Debit cards (Visa Electron, Visa Delta, Laser Maestro, Solo, etc.)
  • Credit cards (Visa, MasterCard)
  • Checks
  • Wire Transfers
  • Online payments (Moneybookers, Epay, Click2Pay, etc.)

Check the fees before funding your account as there might be different fees for the different payment methods.

3. Software installation

Most of the casinos will require you to download and install software of theirs in order to play their games. So don’t worry if you are asked to download some.exe file – that’s normal and you will not have any problems at all if you’ve chosen the right casino. After you’ve downloaded the software you should of course install it. Run the exe file and follow the steps in the given in the installation process.

So… that’s all. You are ready to play:) Enjoy!

My name is Carmen and I love playing in online casinos and travelling all around the world.

In case you want to learn how to find legitimate and reliable online casinos then feel free to read this gambling article at casinos-21.com which will help you in your search.

In case you want to know more about gambling and online casinos then feel free to visit our online gambling guide. All the information presented there is free and useful as for novice so for professional gamblers. Good luck!

Article Source: http://EzineArticles.com/expert/Carmen_Brew/530190