Reviews were respectful, but the consensus was that Scorsese was retreading familiar territory, and the only Academy Award nomination the film received was for Sharon Stone for Best Actress. The film was unveiled with a flourish in November 1995, which was a choice awards-season release date that positioned it as a major Oscar contender.

In a moment when violent, profane criminality was in vogue thanks to the breakthrough of Quentin Tarantino-one of several millennial auteurs indebted to Scorsese -Casino looked like a monster hit in waiting. The film was packaged as a sort of spiritual sequel: another organized crime epic from a fact-based book by Nicholas Pileggi-this one based on the life and times of casino executive Frank Rosenthal-and prominently featuring two of Goodfellas’ goodfellas (De Niro and Joe Pesci, completing a collaborative trilogy begun in Raging Bull). More specifically, it was the healthy return on investment of Goodfellas-which penetrated the popular consciousness and grossed more than $46.8 million in the United States-that prompted Universal to sign off on Casino.