Casino in the context of "Law of large numbers"

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👉 Casino in the context of Law of large numbers

In probability theory, the law of large numbers is a mathematical law that states that the average of the results obtained from a large number of independent random samples converges to the true value, if it exists. More formally, the law of large numbers states that given a sample of independent and identically distributed values, the sample mean converges to the true mean.

The law of large numbers is important because it guarantees stable long-term results for the averages of some random events. For example, while a casino may lose money in a single spin of the roulette wheel, its earnings will tend towards a predictable percentage over a large number of spins. Any winning streak by a player will eventually be overcome by the parameters of the game. Importantly, the law applies (as the name indicates) only when a large number of observations are considered. There is no principle that a small number of observations will coincide with the expected value or that a streak of one value will immediately be "balanced" by the others (see the gambler's fallacy).

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Casino in the context of South Jersey

South Jersey, also known as Southern New Jersey, comprises the southern portion of the U.S. state of New Jersey. It is located between Pennsylvania and the lower Delaware River to its west, the Atlantic Ocean to its east, Delaware to its south, and Central Jersey or North Jersey to its north, depending on the definition of North Jersey.

South Jersey is part of the Philadelphia metropolitan area, or Delaware Valley, the seventh-largest metropolitan region in the nation with 6.288 million residents in the core metropolitan statistical area and 7.366 million residents in the combined statistical area of Camden, Philadelphia and Wilmington, as of 2020. South Jersey is known for containing the unique ecoregion known as the Pine Barrens, which remains largely undisturbed despite its location within the Northeastern megalopolis. The South Jersey Pine Barrens are the largest remaining example of the Atlantic coastal pine barrens ecosystem.

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Casino in the context of Boardwalk (entertainment district)

A boardwalk is a promenade along a beach or waterfront. In North America, and particularly in the United States, many waterfront commercial boardwalks have become so successful as tourist attractions that the simple wooden pathways have been replaced by esplanades made of concrete, brick or other construction, sometimes with a wooden façade on the surface. An entertainment boardwalk often contains an amusement park, casinos, or hotels on a pier-like structure. One of the earliest such boardwalks was designed in New Jersey and opened June 26, 1870, in Atlantic City, and one of the longest is Mazatlán's Malecón, at 13 miles (21 km) of oceanfront boardwalk.

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Casino in the context of Public morality

Public morality refers to moral and ethical standards enforced in a society, by law or police work or social pressure, and applied to public life, to the content of the media, and to conduct in public places.

Public morality often means regulation of sexual matters, including prostitution and homosexuality, but also matters of dress and nudity, pornography, acceptability in social terms of cohabitation before marriage, and the protection of children. It is a main justification for censorship; it can lead to campaigns against profanity, and so be at odds with freedom of speech. Gambling is generally controlled: casinos have been considered much more of a threat than large-scale lotteries or football pools. Public drunkenness is quite unacceptable in some societies, and legal control of consumption of alcohol is often justified in terms of public morality, just as much as for medical reasons or to limit alcohol-related crime. Drug legislation, historically speaking, has sometimes followed on similar reasoning. Abortion is sometimes treated as an aspect of public morality, even if it is legally defined, regulated by medical professionals, and almost entirely hidden from public view. AIDS as a health policy issue is linked to public morality in a complicated manner. A famous remark on male homosexuality of Mrs Patrick Campbell, that she did not care what people did as long as they "didn't frighten the horses", shows that in some sense even high tolerance expects a public limitation on behaviour. At the opposite extreme a theocracy may equate public morality with religious instruction, and give both the equal force of law.

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Casino in the context of Marina Bay Sands

Marina Bay Sands is an integrated resort fronting Marina Bay in Singapore and a landmark of the city. At its opening in 2010, it was deemed the world's most expensive standalone casino property at S$8 billion (US$6.88 billion). The resort includes a 1,850-room hotel, a 120,000-square-metre (1,300,000 sq ft) meetings and conventions facility at Sands Expo & Convention Centre, a 74,000-square-metre (800,000 sq ft) luxury shopping mall, The Shoppes at Marina Bay Sands, an ArtScience museum, a 2,183-capacity theatre, the world's first floating Apple store, the world's first Louis Vuitton Island Maison, celebrity chef and signature restaurants, and a casino with 500 tables and 3,000 electronic gaming machines. The complex includes three towers topped by the Sands Skypark, a 340-metre-long (1,120 ft) skyway connecting the towers with a capacity of 3,902 people and a 150 m (490 ft) infinity swimming pool, set on top of the world's largest public cantilevered platform, which overhangs the north tower by 66.5 m (218 ft). The 20-hectare resort was designed by Moshe Safdie.

The resort is owned by Las Vegas Sands in agreement with the Singaporean authorities. Marina Bay Sands was originally set to open in 2009, but its construction faced delays caused by escalating costs of material and labour shortages from the outset exacerbated by the 2008 financial crisis. This pressured Las Vegas Sands to delay its projects elsewhere to complete the integrated resort. Its owner decided to open the integrated resort in stages, and it was approved by the Singapore authorities. The resort and SkyPark were officially opened on 23 and 24 June 2010 as part of a two-day celebration, following the casino's opening on 27 April that year. The SkyPark opened the following day. The theatre was completed in time for the first performance of Riverdance on 30 November. The indoor skating rink, which uses artificial ice, opened to a performance by Michelle Kwan on 18 December. The ArtScience Museum opened to the public and the debut of a 13-minute light, laser and water show called Wonder Full on 19 February 2011, marked the full completion of the integrated resort.

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Casino in the context of Hotel Mont Parnes

Regency Casino Mont Parnes, also known as the Parnitha Casino, is a casino situated at Mount Parnitha north of Athens. Originally built as Hotel Mont Parnes, it was a luxury hotel designed by architect Pavlos Mylonas [el] and was built between 1958 and 1961.

It was the first luxury hotel in the Attica region, but was not commercially successful. This would lead to casino being licensed on its premises in 1971, that would also become the first one ever in the Attica. Subsequently, an aerial tramway (the Parnitha Funitel) would be built in 1972 to help transport quests up to the hotel.

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Casino in the context of Opéra de Monte-Carlo

The Opéra de Monte-Carlo is an opera house which is part of the Monte Carlo Casino located in the Principality of Monaco.

With the lack of cultural diversions available in Monaco in the 1870s, Prince Charles III, along with the Société des bains de mer, decided to include a concert hall as part of the casino. The main public entrance to the hall was from the casino, while Charles III's private entrance was on the western side. It opened in 1879 and became known as the Salle Garnier, after the architect Charles Garnier, who designed it.

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Casino in the context of Impressionist (entertainment)

An impressionist or a mimic is a performer whose act consists of imitating sounds, voices and mannerisms of celebrities and cartoon characters. The word usually refers to a professional comedian/entertainer who specializes in such performances and has developed a wide repertoire of impressions, including adding to them, often to keep pace with current events. Impressionist performances are a classic casino entertainment genre.

Someone who imitates one particular person without claiming a wide range, such as a lookalike, is instead called an impersonator. In very broad contexts, "impersonator" may be substituted for "impressionist" where the distinction between the two is less important than avoiding confusion with the use of "impressionist" in painting and music.

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Casino in the context of Gulfport, Mississippi

Gulfport (/ˈɡʌlfˌpɔːrt/ GUHLF-port) is a port city in Harrison County, Mississippi, United States, and its co-county seat. It had a population of 72,926 at the 2020 census, making it the second-most populous city in Mississippi after Jackson. The Gulfport–Biloxi metropolitan area had a population of 416,259. Gulfport lies along the Gulf Coast of the United States in southern Mississippi, taking its name from its port on the Gulf Coast on the Mississippi Sound.

Gulfport emerged from two earlier settlements, Mississippi City and Handsboro. Founded in 1887 by William H. Hardy as a terminus for the Gulf and Ship Island Railroad, the city was further developed by Philadelphia oil tycoon Joseph T. Jones, who funded the railroad, harbor, and channel dredging. The city was officially incorporated in 1898. By the early 20th century, Gulfport had become the largest lumber export city in the United States, though this faded with the depletion of Mississippi's Piney Woods. The city transitioned into tourism through its white beaches, grand hotels, and significant casino gaming operations.

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Casino in the context of Jeju City

Jeju City (Korean: 제주시, romanizedJeju-si; Korean pronunciation: [tɕe̞.dʑu]) is the capital of the Jeju Province in South Korea and the largest city on Jeju Island. The city is served by Jeju International Airport (IATA code CJU).

Located on an island off the Korean Peninsula, Jeju has mild, warm weather during much of the year (September 79°October 70°November 61°December 51°) The city is a well-known resort, with prestigious hotels and public casino facilities. In 2011, 9.9 million passengers flew between the two cities of Seoul and Jeju, making the GimpoJeju route the world's busiest passenger air route.

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