11 replies to this topic

[shedevil]

I have an opening where I am a volunteer dealer at from Dec. 16- 31. This is the busiest time at the casino's for their poker rooms. With winter coming I thought of you and how cold my little Jenna would be. The Short and sweet of it is that Second Chance Dobes can get a License to hold a fundraiser for 16 days in one year that would generate $20,000.00 as min. for 16 days but they say that $32,000.00 is more likely. Also that it would reset on Jan. 1, 2010.

The Poker room is in Sylvan Lake, MI, they provide everything. They even help you get the license if you have never done a raffle, bingo or Michigan pull tabs. It takes 6-8 weeks to get the license but there is almost 10 wks to this date. 2 volunteers have to be on hand because you run the money part.

I think this will be a great way for Ada to feed all the dogs this winter and have some left over.

I am attaching the Millionaire Party Summary for you to read:

Millionaire Party Summary


Thank you for your inquiry regarding holding your fundraiser event at Red Rock Card Room.

Enclosed with this summary is a price breakdown sheet for us supplying a State Licensed Millionaire Party for your organization as well as a link to the various qualification requirements for each Michigan Lottery Commission organization designation. We prefer to meet with the person that will be filling out and sending in the applications in person to assure that all the paper work goes in to the State correctly to prevent unnecessary delays in the licensing process. At this meeting, we are also able to show your organization our room, equipment and go over the details of how we will make your fundraiser the success that you want and expect it to be.

Overview of Millionaire Party Process

Requirements for Charitable / Non Profit Organizations: Your organization will obtain a license to hold a millionaire party. A Millionaire Party License entitles your organization to four (4) consecutive nights of charitable gaming. Each qualified organization is allowed to hold four (4) Millionaire Parties per calendar year. We prefer to do all four of your parties in consecutive order (16 days in a row) which allows us to offer satellite tournaments throughout your event to a well publicized tournament on your final day. This will be your party and your volunteers (who are allowed to be compensated $50.00 per day) will handle all of the monetary transactions, chip exchanges, chip redemptions, as well as fill out the necessary paperwork required by the Michigan Lottery Commission. You will be required to have two (2) volunteers on hand at all times during the event(s). We will make ourselves available to train your volunteers both before, during and after each day to ensure that all paperwork is properly maintained and filled out. Note: Qualification Requirements for each category of Charitable / Non Profit Organizations are included as links at the end of this summary. If you have any questions regarding which category your organization may qualify as, please feel free to call and we will assist in making a determination.

What to Expect from Red Rock Lounge, LLC as your supplier: Red Rock Lounge, LLC will provide; all on sight advertising, the card room, all casino quality poker and blackjack tables, comfortable player chairs, cashiers booth, fully custom and secure casino grade cash game chips, fully custom and secure tournament chips, computerized tournament software and monitors, a strong player base for all games, well trained dealers for all games, plastic playing cards, all table buttons, blackjack shoes and discard trays, all paperwork for the Lottery Commission, lock boxes and personnel to monitor the poker tables and tournaments to assure everything runs smoothly.

How Revenues are generated: Revenues will be generated in three ways; poker cash game rake (10% of each pot with a maximum rake of $6.00 per hand), tournament entry fees (20% of tournament buy in amount) and Blackjack* revenues (table wins or losses) - *Blackjack is played according to Charity Blackjack Rules.

Anticipated Revenue Estimations and Examples: Although many factors contribute to the actual amount that your organization may make from a Millionaire Party, the following estimate based on past experience and anticipated player counts should address anticipated revenues for a Millionaire Party supplied by Red Rock Lounge, LLC. There are numerous factors that will effect what the total rake for each night will be. In a typical situation, we would expect a minimum average of 3.5 cash tables to run per hour throughout the duration of our party hours (one or two tables during the first hour, expanding to 5 tables during our peak times from 7-11pm or so, and winding up the night to closing time with 2-3 tables). Many things will determine the rake per hour including; players speed, amount of each pot, player disputes, using up your $15,000.00 allotted monies, etcetera. In an ideal situation a dealer could deal 30 hands per hour and rake the full $6 per hand (this is highly unlikely due to the preceding factors). Each day will certainly be different, just from the nature of poker being different each and every hand. Some hands will have nearly all the players in the hand all the way until the end (which is a slow hand with a big rake) and other hands may end up with very few players in to the end and small betting (which results in quick hands with a relatively small rake) and still other hands will end up with all the players folding and there not even being a flop (which is very quick and no rake at all) and every type of hand in between. My experience and projections suggest that we will average about 25 hands per hour with an average rake of $5 per hand. This would bring an expected average of $125.00 per hour per table. If this figure is expanded to the projected 3.5 cash game tables running per hour over the 9 hour period, gross revenues from cash games would be approximately $3,937.50 per night at the above projected numbers. If 4 sit and go tournaments were added per night at $50 buy in that would generate another $400.00 per night ($500.00 total entries X 20% entry fee X 4 tournaments) bringing a total to $4.437.50 per night. Expenses would be approximately $300.00-$350.00 (plus $60.00 - $70.00 food allowance) for dealers and $100.00 for your own volunteers. If you have 1 or 2 blackjack tables, the proceeds from that are almost impossible to guess, but utilizing charity blackjack rules, the tables will undoubtedly show some profits (possibly considerable) and that would add an additional $50.00 (plus food allowance) in cost for that dealer for each Blackjack table. These are only estimates and what actually happens will be solely determined by that days player count, which variations of poker is popular that night, whether there are abnormally slow players at the tables, how soon your $15,000 chips allotment is depleted, how many players win and cash out early (removing chips from play) and several other unanticipated factors. I would say that $20,000 should be an expected minimum goal for the entire 16 days. A realistic anticipated goal, based upon the above projections would create proceeds to your organization of approximately $32,000.00 for your 16 day event. And of course, proceeds to your organization could also be higher than that. Once again, these figures are based on realistic evaluations of hands per hour and rakes but anything can happen on any given day for the better or the worse.

Red Rock Lounge, LLC Compensation for Supplier Services: Red Rock Lounge, LLC will be compensated at the end of each Millionaire party at a rate of 50% of gross revenues minus expenses and your millionaire party license fees. This is further outlined and explained as well as the wording of the “Charity Gaming Rule” in the Red Rock Lounge, LLC pricing guide included with this Summary.



If you have any further questions or would like to set up an appointment to go over additional specifics or to take a tour of our card room, please call David at (248) 240-9583 or Bruce at (248) 425-3221.

Red Rock Lounge, LLC


Links for Organization Qualifications*

Educational: http://michigan.gov/...1451_1344_7.pdf
Educational Subordinate: http://michigan.gov/...1452_1345_7.pdf
Fraternal: http://michigan.gov/...1470_1355_7.pdf
Local Civic: http://michigan.gov/...453_39156_7.pdf
Religious: http://michigan.gov/...1456_1350_7.pdf
Religious Subordinate: http://michigan.gov/...1455_1349_7.pdf
Senior Citizen: http://michigan.gov/...1457_1351_7.pdf
Service: http://michigan.gov/...1458_1352_7.pdf
Veterans: http://michigan.gov/...1459_1353_7.pdf

* If you are not positive which category your organization would qualify under, feel free to contact us and we will verify it with the Sate Lottery Commission to avoid delays in your application processing.



I hope that this helps, I know its a drive but I think the drive will be worth it.

[Bumpette]

Thank you Shedevil for thinking of SCD. I have a few questions though. Where is Sylvan lake? How much money would SCD have to front to get started? How many volunteers would we need to do something like this?

By the way how is Jenna doing? I think we need some pictures of that cute little girl! Hint-hint!

[doberpagegirl]

Wow that is a lot of money. Do we need money to start with? And they get 50% of profits, so if we make $20,000 they get $10,000 of it? Still, even if we got $5000 that is a ton of money to us. I'll go mapquest Sylvan Lake, MI.

[doberpagegirl]

Sylvan Lake is by Pontiac.

[shedevil]

[quote name='Bumpette' date='Oct 15 2009, 03:36 PM' post='84271']
Thank you Shedevil for thinking of SCD. I have a few questions though. Where is Sylvan lake? How much money would SCD have to front to get started? How many volunteers would we need to do something like this?

By the way how is Jenna doing? I think we need some pictures of that cute little girl!


You have to pay for your license fee of $50 per day for 4 consecutive nights 50*4=$200 you get 4 licenses so $ 800.00. Well for the volunteer part just 2 people a night from SCD to run the cash room, the poker room has us volunteer dealers. And Sylvan Lake is in Oakland County between Pontiac and West Bloomfield on Orchard Lake Road and corner of Middlebelt.


Jenna is doing great she is Frost's dog, they love to run and play I have tried to do the pics but my resolution is too high for the site.

[shedevil]

Also I know you are 501©(3) but what group do you fall under in the links? Service or local Civil? If local civil you need to go to the Clinton twsp, city, council/board meeting and get put on the agenda for oct or nov if they already had it (i have the paperwork) Local Governing Body Resolution for Charitable Gaming Licenses and get approval from them to run the fundraiser. And do you know where you Determination Letter is from the IRS? If not contact the IRS and get Affirmation Letter which takes 10-14 days. You need all these to get Licenses approved

Edited by shedevil, 15 October 2009 - 03:25 PM.

[doberpagegirl]

Do we have to do the whole 16 days? $800 is a lot to come up with, and I'm assuming that has to be paid up front. Maybe I am mistaken in that, and we can pay after the fund-raiser. Also, to get volunteers there for 16 days straight could be hard for us to swing. If we did it for say, 8 days, we would only have to come up with $400 and we might have an easier time filling the volunteer spots. Please understand our "staff" is only about 10 people and we live all over the state.

[Arda]

I'm telling you.....we could not pull it off with the few workers we have. It can not be done.

[shedevil]

You just need 2 people there every day, I live 2 min away and they can be my guest if they want. If you read the bottom of the summary you see that the fee is from the monies earned, so you don't need to come up with money. But I did email the manager of the poker room with the question about the fees and I stated that their few of us, I know I can be there since I AM a dealer and you can pay your volunteers $50 a day for being there for SCD. Anyone have older kids trying to earn some extra cash or friends that would not mind sitting behind the window, like they are at a real casino handing out play money to gamble with?


Red Rock Lounge, LLC Compensation for Supplier Services: Red Rock Lounge, LLC will be compensated at the end of each Millionaire party at a rate of 50% of gross revenues minus expenses and your millionaire party license fees. This is further outlined and explained as well as the wording of the “Charity Gaming Rule” in the Red Rock Lounge, LLC pricing guide included with this Summary.

Edited by shedevil, 15 October 2009 - 08:18 PM.

[MarlysMom]

I know they also hold them at Andiamo's restaurants. Definitely worth checking into, 2 volunteers per shift (5-9pm & 9-1am); may vary by location hosting. My daughters school did it (I don't know who the hosting company was though but they held it at the restaurant). Her school didn't raise that much money, couple thousand for equipment etc but they only had to fill out paperwork and provide their non profit group tax id?? However, the restaurant did get a share of the profits & from the rake. Volunteers were not paid for it either.

Edited by MarlysMom, 15 October 2009 - 09:08 PM.

[shedevil]

Okay, found out for it to be LEGAL you need a Michigan Lottery Commission License and you do have to pay up front per license. Which means that for every day that the game is held you pay the gaming commission $50. Each License is for 4 consecutive days which equals $200.00. You have to Send this money in with each application for each license.

So if you do it for 8 days you need to send in 2 applications with 2 separate checks of $200.00 each.

I know that here will bring in money, they now have both the waterford and west bloomfield school district. They just got DMC from detroit. These guys have the upper clientele not the normal tavern poker players these guys usually play at the casinos.

[Bumpette]

Thank you for thinking of us, Shedevil, but I just don't think SCD has the extra money to spend up front like that. Our budget is super tight right now, and with winter coming, there are a lot more Dobes in need, and we are struggling just to keep our heads out of the water, so to speak.