A casino is usually a venue for betting, gaming, or both. Casinos are generally built close to or mixed with hotels, restaurants, tourist attractions, cruise lines, and other local tourist attractions. For example in Italy the most famous and profitable casino in town is the Via Bellagio, which was built near the Duomo, another big public building in town. However many private islands and cays exist off the coasts of various Mediterranean countries, including Turkey, the Greek Islands, and the coast of North Africa.
Most modern-day “casinos” are owned by international gambling companies with locations in multiple countries. The most famous such casino is the Bellagio, which was founded by a group of Mexican investors. Most of the world’s major financial, banking, and political leaders own shares in casinos; some are publicly listed, while others are privately held. In some cases these privately held casinos are not subject to any governing body, as the powers that be have less interest in regulating them than in guaranteeing that they remain profitable and successful.
The word “cafe” originally referred to a late night snack, similar to what we now call a hamburger. In early French and Italian dictionaries the term “cafe” meant a late or exhausted gambler, in other words a person who had lost all his money. This definition has stuck despite repeated attempts by gamblers to adapt the word to mean gambling or a place where gambling is done. Today in most European and North American countries, the word casino is applied to a modern-day gambling establishment, typically mixed with other business names (e.g. restaurant, hotel, shopping mall).
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