Course Description
This course is designed for students who are interested in application of probabilities, statistics and other quantitative methods in issues that arise in legal commercial industries, especially, in casino industry. Students are expected to be able use the appropriate math tools learnt in the course to analyse the performance of casino games, casino promotions/comps, VIP programs, as well as to monitor and identify suspicious casino tables, etc. They are also expected to be able design a new casino game that is feasible and profitable in the casino floor.
Intended Learning Outcomes
1. Students will be able to understand the theory about the math skills applicable in casino industry.
2. Students will be able to choose the appropriate math tools to analyze a new game, estimate the critical performance measurements related to casino industry.
3. Students will be able to choose the appropriate math tools to analyze the cost and revenue of a promotion, including VIP program.
4. Students will be able to design a new game for the industry and estimate the analytical performance.
5. Students will be able to deliver their designed game to players and monitor the performances.