All Wild Bill’s charity poker tournaments are operated under the Oregon Administrative Rules 137-025-0400 – 137-025-0480 for Monte Carlo Events.
Organizations eligible to host Monte Carlo Events must be organized primarily for purposes other than the operation of bingo, Monte Carlo and raffle games and have a valid organizational governing structure, and the members of the governing structure must exercise independent control over the organization’s activities and budget.
The organization must be exempt from the payment of federal income taxes and have held that exempt status for at least one year preceding its application for a license. The application must be accompanied by a determination letter from the Internal Revenue Service, verifying tax exempt status or, if the organization qualifies for tax exempt status other than pursuant to IRC 501 ©, a signed opinion letter citing the relevant provisions of the Internal Revenue code which supports the tax exempt status.
No joint license for conduction Monte Carlo games will be issued to two or more organizations. However, the Department may grant approval for a licensee to share the operation of the games with other organizations which would otherwise qualify for a license.
An organization authorized by law to operate Monte Carlo events may not conduct more than seven Monte Carlo events in any 12 month period.
License Classes
- A “Class A” Monte Carlo license shall authorize a licensee to conduct events with a gross handle of more then $10,000 per event throughout the license year, but shall not exceed 7 events per license year.
- A “Class B” Monte Carlo license shall authorize a licensee to conduct Monte Carlo events throughout the license year with (a) the handle for each such event not to exceed $5,000 per event, but shall not exceed 7 events per license year; or (b) the handle for each such event not to exceed $10,000 per event, but shall not exceed 2 events per license year.
License Application fees:
- Class A - $50
- Class B - $20
Purchase/Sale of Imitation money/tournament chips:
- Imitation money/tournament chips shall be sold only by bona fide members or employees of the licensee organization. No imitation money/tournament chips shall be sold, or cash handled. By a Monte Carlo event contractor, his agents, or employees regardless of whether said person is a member of the licensed charitable, fraternal, or religious organizations.
- A licensee may not collect from any player a sum in excess of $200 per event for the purchase of imitation money.
Prizes:
- No cash prize shall be offered or awarded. Once purchased, imitation money cannot be redeemed for cash or cash equivalent.
- No prize shall be offered or awarded with a retail market value in excess of $50,000 and the retail market value of prizes offered or awarded to Monte Carlo players shall not exceed $100,000 per event.
No person under the age of 18 years of age shall be permitted to participate in gaming at the Monte Carlo event or assist in the conduct of the Monte Carlo event.
For a full list of the rules governing these events plus the license application, go to the following website: http://www.doj.state.or.us/ChariGroup/gaming_oregon.htm