The slide introduces no casino people to the world of casino gaming in brief covering major casino-reosrts in the world and how a casino organisation functions. Of interest would be the explanation of casino mathematics, in basic form. This presentation was prepared for the academic staff of Nanyang Polytecnic Singapore and presneted by Ramachandar Siva in May 2008. A brif about Ramachandar's former casino school in Singapore is included.

1. Introduction to Casino Industry Welcome to

5. THE MIRAGE LAS VEGAS

6. MGM GRAND CASINO RESORT LAS VEGAS

7. MGM GRAND CASINO RESORT LAS VEGAS

8. THE VENETIAN LAS VEGAS

9. THE VENETIAN LAS VEGAS

10. THE VENETIAN LAS VEGAS

11. NEW YORK, NEW YORK LAS VEGAS

12. GENTING HIGHLANDS RESORT MALAYSIA

13. SANDS MARINA BAY SINGAPORE

14. RESORTS WORLD AT SENTOSA SINGAPORE

17. DIVISIONS OF IR IR CASINO HOTEL THEME-PARK or CONVENTIONS ADMIN FINANCE SECURITY MARKETING

18. CASINO DEPARTMENTS CASINO CASINO OPERATIONS TABLE GAMES SLOTS TREASURY CAGE OPS CHIPBANK SOFTCOUNT HARD COUNT CASINO MKTING VIP SERVICES BUSINESS DEVP HOSTING LOYALTY PROG CASINO HR TRAINING MANPOWER IT CASINO ADMIN PLANNING ANALYST CASINO SURVEILLANCE

19. CASINO ORGANIZATION President VICE PRESIDENT TABLE GAMES VICE PRESIDENT SLOTS OP SLOTS MANAGER CASINO MANAGER SLOTS SHIFT MANAGER CASINO SHIFT MANAGER VICE PRESIDENT CASINO MARKETING VICE PRESIDENT SURVEILLANCE & SECURITY MKT & BUSS DEVP MANAGERS SURVEILLANCE MANAGER

26. FLOOR OPERATIONS Senior Vice President VICE PRESIDENT TABLE GAMES VICE PRESIDENT SLOTS OP SLOTS MANAGER CASINO MANAGER SLOTS SHIFT MANAGER CASINO SHIFT MANAGER

27. CASINO TABLE GAMES SHIFT MANAGER FLOOR MANAGER PIT BOSS PIT SUPERVISOR INSPECTOR CROUPIER

28. CASINO MARKETING VICE PRESIDENT CASINO HOST BUSINESS DEVP MGR CRM MANAGER GUEST SERVICES STAFF MARKETING EXECUTIVES LOYALTY PROGRAM STAFF EVENTS & PROMOTIONS MGR EVENT PLANNING EXCUTIVES

29. CASINO ADMINISTRATION ADMIN FUNCTIONS CASINO TRAINING MGR CASINO MANPOWER & SCHEDULING MGR PURCHASING IT SUPPORT PLANNING TRAINING EXECUTIVES TRAINERS ROSTERING EXECUTIVE SCHEDULING OFFICER

39. Theoretical Win Theoretical Win & Basics of Casino Maths Fundamental Principles of the theory of Gambling 1. Decision making under certainty. Each specific strategy leads to a specific outcome. 2. Decision making under risk. Each specific strategy leads to one of a set of possible outcomes with known probability distributions. 3. Decision making under uncertainty. Each specific strategy has as its consequence a set of possible specific outcomes whose priori probability distribution is unknown or is meaningless.

40. Theoretical Win Theoretical Win & Basics of Casino Maths Fundamental Principles of the theory of Gambling There are no conventional games involving conditions of uncertainty without risk. Gambling theory, then is primarily concerned with decision making under conditions of risk.

41. Theoretical Win Theoretical Win & Basics of Casino Maths HOW CASINOS MAKE MONEY HOUSE EDGE The mathematical advantage that the casino has over player in casino games is known as the House edge or Theoretical House Advantage.

42. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE Theoretical Win Since the potential win is calculated using a mathematical house edge which is derived from theory of probabilities, it remains theoretical win and not ‘actual win’.

43. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE formula 1 Theoretical Win (TW) = Total Drop x House Edge %

44. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE DROP Is defined the total amount of wager placed by player or players at a game or all gaming tables of the casino. It’s called drop, as money, markers or warrants used to purchase the chips to wager are actually dropped into cash boxes at gaming tables upon the transaction of selling chips.

45. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE formula 2 Total Drop = Number of hands played x Average bet

46. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE HOLD The net amount of money a particular game takes in over a certain period of time.

47. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE Hold = Actual win Actual Drop

49. Theoretical Win Theoretical Win & Basics of Casino Maths THEORETICAL WIN & HOLD PERCENTAGE HOLD PERCENTAGE The ratio of money a particular game takes in to total chip purchases.

50. Profit Management Theoretical win & hold percentage as management tools Casino Profit ↑ = Win ↑= Total Drop↑ x House Edge %

51. Profit Management Theoretical win & hold percentage as management tools Win ↑ = (Hands/hour ↑ x Duration of play ↑ x Average Bet ↑ ) x House Edge ↑ %

55. International Club Games Training Centre INTERNATIONAL CLUB GAMES TRAINING CENTRE PTE. LTD,ALL RIGHTS RESERVED © .2006. the world’s premier casino school

56. About us INTERNATIONAL CLUB GAMES TRAINING CENTRE PTE. LTD,ALL RIGHTS RESERVED © .2006. ICG Training Center Pte Ltd incorporated in November 2005 The $1.2 M purpose built training centre was officially opened in June 2006 Certificate in Dealing Casino Games was offered to the public in mid-June 2006 The first batch of 43 full time and 60 part time students started class 24 th July 2006 The only education centre approved to use gaming equipment in Singapore.

57. dedicated to develop professionals for the casino hospitality industry . vocational education courses place great emphasis on employability. designed and delivered by casino professionals with collective experience of 75 years. INTERNATIONAL CLUB GAMES TRAINING CENTRE PTE. LTD,ALL RIGHTS RESERVED © .2006. Let us groom you to be a casino professional

59. ICG’s CASINOLAB

70. Thank You