7 essential casino fundraising steps and potential pitfalls to be aware of when making plans for your next casino event.
Having been in the casino party and planning business for several years I have heard from customers some very sad stories of what occurred during their casino fundraising event. I would like to pass on to you the seven steps you must follow to ensure that you have a successful casino fundraiser and find the most reputable casino party service to host your event.
Step 1. The planning committee. The most crucial fokuswin step in your planning and it is essential to assign a member to each of the specific tasks to be completed to organize your event. This could include : obtaining the Law and obtaining the necessary permits, locating the venue and catering requirements for the event, securing sponsors to cover the costs, getting gifts from friends and family, locating the appropriate casino company and who is responsible for handling the money. It is impossible to manage all of the above tasks with one person. One person should be responsible for every item. They can then let them do the work and report to the event coordinator. There will be plenty of time to finish all the tasks I a ideal time to begin is around 4-6 months before the date of the event.
Step 2. The law and obtaining your township’s permit and fundraiser permission. Gaming is illegal and casinos games are considered to be gambling. This is essential since a casino fundraising event does not equal a car wash to raise money. Because gambling is illegal , there are authorities from the state who are responsible for the prohibition of gambling that means your casino fundraiser is an exception to the gambling laws. Let’s consider New Jersey as an example. The state agency ABC (Alcoholic Beverage Control)is responsible for finding and eliminate illegal gambling. unfortunately their own handbook doesn’t mention illegal gambling or any exceptions to gambling laws. it simply states gambling and there has been instances where ABC’s investigators tried to stop a fundraiser for a casino claiming it was gambling. The situation was resolved before the event’s date due to the second aspect I want you to remember. While your casino fundraising involves gambling, and it is illegal, you come under an exception to the gambling laws by state statute. In New Jersey the state legislature created a statute to allow casinos to gamble and established the Casino Control Commission to oversee the event. They also enacted a law that allows casino fundraisers, and established the legal Games of Chance Control Commission to oversee casino fundraisers. The main point I would like you to consider from this is to make your casino fundraising legal, you must understand the law and obtain the appropriate licenses and township permission for the event. The fact that you’re an 501(c)3 non-profit and you have an auto wash to raise funds, doesn’t mean that you are able to have a casino fundraiser simply because it seems like something that is a good idea. At this point it is important to realize that it’s a smart idea to contact your state Office of the Attorney General for information on the laws in your state for casino fundraising.
Step 3. Step 3. Select the Best casino company. The licensing requirements needed for your state could also require the casino company to have a license. There have been occasions in New Jersey where a non profit company was referred to as Casino Party Company and neither of the parties had a clue about the rules, which led to the event being stopped and penalties. Each state is different and in New Jersey the casino company and all the dealers must be licensed as a casino fundraiser. The most important thing to remember is to learn about the requirement on your own by contacting the state authorities, then you start calling the casino companies and ask the requirements to have a casino fundraiser. A reputable casino party service will ask you to are licensed and in a position to send you the required forms to obtain the license. They should be able to guide you through all aspects to obtaining your license and getting permission from the township. They should clarify the rules and help you understand the rules. This could lead to an accident.
Step 4. Who will be responsible for your event? There are local and national casino party companies. My experience is that the local ones are the best for you since national corporations may not know the laws applicable to you. Even worse is the national companies won’t be able to host your event. They will call the local companies, get a quote from them and add hundreds of dollars onto the bill just for answering your phone call, and the local business will be hosting the event and will give you a quote which is lower than the national company. You can find pictures of celebrities and others enjoying a night out at the casino on each company’s website. It is irrelevant to what you are looking for. If you get price quotes from the casino party companies you may receive 3 or 4 quotes that are within the same range, and one or two that are much greater than the rest. Let’s say you were offered $1100 1200, $1200 and $1200 and $2000. It is absurd that three quotes fell within the same range but one was much higher. This is because the national business that provided the most important expensive quote is not going to host the event. They will instead contact the local company who provided the lower estimate and include the extra money.
Step 5. The casino tables. You want to allow 70 percent of your guests to play at the tables of the casino. The rule can be altered however I would not allow guests to play below 50%. The casino should inform you about this. Keep in contact with them throughout the week to discuss any changes in the table. Let’s assume your event was 300 people, however in the last week you find that only 200 people are expected to show up. A reputable casino company would suggest reducing the amount of tables. Casinos that are not reputable will advise you to stick to the original plan, since they will make more money. Simply stated, the BEST casino party company would rather you have the right number of tables and not have too numerous or too few and should not make their profits higher than your needs for fundraising. Now let’s discuss the tables at the casino that you will use for your party. As a certified dealer, I think that the most reputable casinos are equipped with new technology that does not fold metal legs or put skirting under the table to conceal the metal legs. What is the reason the real casinos do not make use of folding legs made of steel for their tables? Roulette or craps table is very heavy with up to 14 people all moving their weight on the table. Maybe that’s the reason you should not have folding legs made of metal on the table since you don’t want to risk the table will collapse. I would never play roulette or craps on tables with metal folding legs. It is important to ensure that the casino company you choose to host your party demonstrates that they are the only company accountable and won’t subcontract any other business. Casinos must be obliged to take photos of the tables they intend to use for the event. It’s fine if they can display tables on their website however I’d like to know why a casino company does not have photographs of tables on its website. Don’t believe in the company featuring a photo of the top of the tables with people having fun because it doesn’t show the legs of the table , which I consider to be the most crucial element.
Step 6. Step 6. The casino party company should be making suggestions on the appropriate casino tables and the amount of tables to have for your celebration. They will adhere to the general rule that 70 percent of guests able to gamble, however, they should also be in constant contact with you prior to the event and be prepared to cut tables or increase the number when needed. Remember that the casino business is there to help you but they also want to earn profits. If you have to cut down on the number of tables or tables recommended by the casino company depending on the number of guests you’re hosting The company will be happy to provide advice. This will enable the company to continue to offer excellent assistance, and also make profits. Since they earn more and are more profitable, the less successful casino businesses will insist that you stick to your original plan. This is because if you have too few tables then your guests can’t participate, which means they aren’t able to donate money to the event and if you have too many tables , they aren’t being used, and you’re spending more than you need to, and you may be at risk of losing money for the charity due to it. Remember that some companies who host casino parties which participate in fundraising need that you pay a portion of your profits. Don’t hire a company asking for a portion of your profit. This is your money. The casino should be considered DJ or caterer. They are paid an amount that is flat for their services and they do not get paid a cent more.
Step 7. Who will handle the money. There is a stipulation in a casino fundraising event that you must not allow the casino company to touch the money. You should be aware that there are hundreds of dollars in the account and you must stay clear of any dangers or accusations. The most reliable casinos can assist you in setting up an account with a bank and will inform you who your representatives can touch the money. The casino company pit boss might offer incentives to encourage donations. For example, if your guests donate more cash to the table, they may offer special chip deals for the players. But, this should be only done at one table with one of your staff members.