7 essential casino fundraisers steps and traps to be aware of when planning your next casino fundraiser.
In my time involved in the casino party and planning business for several years, I’ve heard from customers some very sad stories of what happened at their casino fundraiser and I’d like on to you the seven steps you must follow to ensure you’ve got an effective casino fundraising event and find the most reputable casino party service for your event.
Step 1. The planning committee. The most important step in your planning and you must assign a person to each of the specific duties that need to be done in your event. These includes the Law and obtaining appropriate licenses, finding the location and catering for the event, locating sponsors to help with the expenses, getting gifts from friends and family, finding the right casino, and who will handle the money. It’s impossible for a single person to handle all of these tasks. The most effective method is to make one person who is responsible for each of the items and let them complete the task, while having them report their progress regularly to the person assigned in charge for the event. You’ll need plenty of time to complete every task. A ideal time to begin is about 4-6 months prior to the date for the event.
Step 2. The law and obtaining your township’s permit and fundraiser permission. Remember that gambling is illegal, and having casino games at your fundraiser is gambling. This is vital because a บาคาร่า casino fundraising event isn’t the same as holding a car wash to raise money. Because gambling is illegal , there are state officials who are responsible for stopping illegal gambling which means your casino fundraiser will fall under the exceptions to gambling laws. Let’s take New Jersey as an example. The state agency ABC (Alcoholic Beverage Control)is responsible for finding and prevent illegal gambling, unfortunately their own handbook does not mention illegal gamblingor any exceptions to the laws on gambling, it only says gambling, and there’s been instances where their agents tried to stop a fundraiser for a casino with the claim that it was a gambling event. The issue was resolved prior to the event date because of the second point I want you to be aware of. Although your casino event is gambling and gambling is illegal, you come within the exceptions to gambling laws by state statute. For instance, in New Jersey the state legislature created a statute to allow gambling in casinos and set up the Casino Control Commission to oversee the event. They also put in place a statute that permits casino fundraising and set up the legally-authorized Games of Chance Control Commission to oversee casino fundraising. What I would like you take from all this would be to ensure that your casino event is legal, you must understand how to comply with the law, and also obtain necessary permits and township permission that you need for your event. The fact that you’re a 501(c)3 non profit organization and already have an auto wash to generate funds doesn’t mean you are able to hold the casino event because it sounds like an ideal idea. Therefore, at this point you need to know that it’s recommended to contact your states Office of the Attorney General to determine the law in your state that allow an event at a casino.
Step 3. Step 3. Best casino company. The requirements for licensing in your state may also require the casino company to be licensed. There have been incidents within New Jersey where a non profit organization called a casino party company but neither those involved knew the rules and the party was ended and penalties. Each state has its own laws and the law in New Jersey the casino company and all the dealers must be licensed as a casino fundraiser. Therefore, the most important thing is to learn about the rules on your own by contacting the authorities of the state and then call the casino firms and ask them what is required to host a casino-related fundraiser. A reputable casino party service will ask you to have your license and be competent to email you the required forms for obtaining the license. They will guide you through all aspects to obtaining your license, as well as getting township’s approval. If they are unable to assist with the process or explain the rules then they may not understand their rules, and this could lead to the cause of a catastrophe waiting to happen.
Step 4. Who’s actually running your event? Be aware that there are casino-themed party companies that advertise locally as well as some that advertise national. According to my experience, local companies are the best for you as the national companies might not know the laws in your area. Even worse is the national companies won’t be hosting your event. They will call the local companies, get an estimate from them and then add hundreds of dollars onto the bill for the privilege of answering your call. The local company will be coordinating your event and they will give you a quote which is cheaper than the national business. When you visit each business, you’ll see certain ones that feature photos of famous actors and revelers playing in a casino on the front page of their site. Forget all that material designed to grab your attention because it’s not essential. If you get price quotes from casino-related companies, you might get 3 or 4 quotes within the same range and 1 or 2 that are much higher than the rest. Let’s take an example. consider that you were offered quotes of $1000, $1100, $1200 and $2000. It’s not clear that three quotes were within the same price range, but one quote was more expensive and that is because the extremely high quote comes from a national company who won’t be able to host the event as they are likely to contact the local business who provided you with the lower estimate at the beginning, then add the extra cash to the invoice.
Step 5. The casino tables. There is a general rule you should follow which is you want about 70 percent of your visitors to be allowed to play. It is possible to modify the rule, but I would recommend not going below 50 percent in the ability to play. The casino’s company should advise you on this. They should be in regular contact with you throughout the week leading up the event to revise the tables if needed. Let’s imagine your party had 300 people, however in the last week you realize there will be only 200 guests. A trustworthy casino business will advise you to reduce table size. A reputable casino company will prefer you to stick in the initial suggestion as they will make more money. Simply stated, the BEST casino event company will prefer to have the proper number of tables and not too many or too few and also they shouldn’t make their profits higher than the requirements for fundraising. Let’s now discuss the table games which will be used at your event. I’m a a licensed dealer, but the top casinos have the latest equipment, which doesn’t feature metal legs that fold and use skirting under the table to conceal the legs made of metal. Find out why a legitimate casino doesn’t use metal folding legs for their tables. Roulette tables or a craps table is heavy with up to 14 players all leaning and shifting their weight around the table. This is why it should not have folding legs made of metal on the table because you don’t wish to run the risk that the table collapses. I’ll never play roulette or craps on tables with metal folding legs. What I’m trying to keep in mind is that you should have the casino party firm sign an agreement stating they will be the company that will be hosting your event and not subcontract to an other company. You should also ask the casino company to provide photos of the tables they’ll use for the event. It is fine if they can display tables on their website, but I would ask myself what the reason a casino business does not show photos of tables on its website. Do not believe that the company is having a photo showing the table’s top with people having fun , because it doesn’t show the table’s legs that I consider to be the most important part.
Step 6. Cost to the Casino company and their suggestions. The casino party company should be making suggestions about the proper casino tables and the amount of tables required for your party. They will follow the rule of 70 percent of your guests able to play, but they should also be continuously in contact with you in the lead-up to the event and be prepared to decrease or add tables as needed. Keep in mind that the casino will be there to assist you but also to earn money. A great casino company will help you to reduce the number tables initially recommended according to the number of guests. This allows the casino to be a tremendous assistance to you while still allowing you to earn a profit. The poor casino firms will advise you to stick to the original plan since they can make more. The reason is that if you have too few tables, guests will not be able participate, which means they aren’t able to donate money to the event, and if there are too many tables they will not be utilized and you are spending more money than you should, and there is a chance of losing money to the charity because of it. One last thing I want you to remember is some casino-related companies who do fundraising want a percentage of the profits. Do not hire a company who would like a share of profits as it is your money. Examine the casino’s business as you would a caterer or DJ. They are being paid for their service in a fixed amount and not even a cent more.
Step 7. Who will take charge of the money. It is a fundamental rule in casino fundraiser that you never allow the casino company to take the funds. It is important to remember that there could hundreds of thousands in the world and you must be clear of all possible charges. A great casino company will help you set up an “bank” and how only your representatives can access the money. There are certain aspects of the night where the pit boss from the casino can help get more donations. They can do this by offering chip-based specials for your guests to donate more money to each table and this can only be done at a table at a single time with one of your representatives sitting behind them.