|
|  |
 Printer Friendly
 Text Version  Email Page
| Texas Hold'em FAQs |
- Do we need a license to conduct Texas
Hold'em?
Yes. If you are charging players to participate and prizes will be
awarded, a
millionaire
party license is required to conduct Texas Hold'em.
- How do we get a license to conduct Texas
Hold'em?
If you have never received a charitable gaming license,
you must first complete the
qualification
process. Once your organization is qualified, you must submit a
millionaire
party license application.
- What is the fee for a millionaire party
license?
The fee is $50 per day. A millionaire party
license may be issued for up to 4 consecutive days at 1 location.
- Is there a limit on the number of Texas
Hold'em events we can conduct?
Yes. A qualified
organization is limited to 4 millionaire party licenses per calendar year.
- Where can we get the rules for conducting
Texas Hold'em?
The
Millionaire Party (Tournament Texas Hold'em) and
Millionaire Party (Fixed Limit Texas Hold'em) directives provide the
guidelines for conducting Texas Hold'em. Your event must be conducted
in accordance with these directives and all other
Millionaire Party Rules.
- Is there an age limit for those
participating in Texas Hold'em?
Yes. All players and workers at a millionaire party must be at
least 18 years of age.
- Can we play cash games (Fixed Limit Texas
Hold'em) at our Texas Hold'em tournament?
Yes. This is a great way to increase your profits.
- What other gaming activities can we
conduct under the millionaire party license?
In addition to Texas
Hold'em, a millionaire party license authorizes the conduct of any other
millionaire party game approved by the bureau. This includes games
such as
Let it
Ride,
Seven
Card Stud, blackjack, roulette, and craps. Additionally, a
millionaire party license authorizes the sale of raffle tickets, e.g.,
50/50, and charity game tickets.
- Is there a limit on the amount of money
we can receive in one day of a millionaire party?
Yes. The maximum amount of money that you may receive in exchange
for imitation money or chips is $15,000 per day. For example, if the
buy-in for your Texas Hold'em tournament is $100, you can have up to 150
players, if no other millionaire party games are conducted.
- Are raffle ticket sales and charity game
ticket sales included in the $15,000 limit per day?
No. Raffle tickets sales and charity game ticket sales are
excluded from the $15,000 limit.
- Is there a limit on the prize amounts
that may be awarded?
No. There is no limit on the amount of prizes that may be awarded.
- What are the specifications for the
tables we use at our Texas Hold'em event?
The only specification regarding tables for Texas Hold'em is that they
are large enough to accommodate a dealer and up to 10 players in such a
manner so that the players may examine their cards without disclosing their
value to other players.
- Can a player participating in a Texas
Hold'em tournament purchase additional chips?
Yes. Rebuys are permitted as long as all pertinent information
regarding rebuys is posted in the house rules.
- We are having a hard time finding enough
members to work as dealers. Do all of the workers at our event have to
be members of the organization?
No. Workers, with the exception of the chairperson and recordkeeper,
do not need to be members of your organization. However, keep in mind,
only members of the organization may handle chips, cash, and game records.
Also, the Tournament Texas Hold'em directive has been revised to allow
players to deal the cards. Employees of the supplier or location
cannot be dealers.
- Can we compensate the dealers?
Yes. You may compensate millionaire party workers in accordance
with the
Service Compensation Schedule.
- If the chairperson and record keeper do
not accept pay can they donate their pay to increase the dealers or workers
pay?
No. The maximum amount a worker can receive is $50 per day.
- Can we give our workers $10 so they can
go to a restaurant after they are done working?
No, the workers may only receive food and beverages that will be
consumed while working.
- Can we enter into a contract with our
supplier where we will pay a set dollar amount per person at a millionaire
party?
Yes. Whether it is a set dollar amount, e.g., per person or per
table, or percentage of revenue, the terms must be stated in the published
supplier price list.
- The supplier we are renting the equipment
from has offered to help us run our millionaire party. Is this
permitted?
Suppliers, or their agents or employees, can assist in the operation of
the game, but they MAY NOT:
- Participate in the management of the
game-which means they cannot handle chips, cash, or game records.
- Participate as a player or deal cards at
a gaming event in which they are providing equipment or services.
- Advertise the licensed gaming event.
- Can Texas Hold'em be conducted at a bar?
Yes. A licensed millionaire party may be conducted at a bar or any
other location.
The bar/location owner or their agents or employees MAY NOT:
- Participate in the management of the
game-which means they cannot handle chips, cash, or game records.
- Participate as a player or deal cards at
the millionaire party event at their location.
- Can the location owner advertise the
millionaire party?
Yes.
- The advertisement must include the name
of the licensee, the license number, and the purpose for which the
proceeds will be used.
- If the location is donated and the
location owner intends to advertise the event, then a rental agreement
is required.
- Can two licensees share a location?
Yes. Each licensee must:
- Use clearly distinguishable chips.
- Complete their own game forms.
- Deposit their entire proceeds into their
own bank account.
- If two licensees share a location, can
both licensees pay the dealers?
No. A worker/dealer can only be paid by 1 licensee per day.
|
|
|
|
