Casino Pooling

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All licensed groups conducting casino events are required to pool net proceeds and losses within a calendar year quarter. Pooling is a fair system of dividing net revenue and losses regardless of which days the casino event was held. The following conditions apply:

• For casinos conducted in cities with two or more casino facilities, groups must pool net casino proceeds with all groups licensed in the same city and within the same pooling period.
• The pooling periods are the same as the quarterly casino draw period.

Trustees

The casino pool is managed by an independent third party trustee. Neither the casino facility licensee nor any registered gaming worker has any influence over the activities of the trustee, who works directly with the AGLC.

The casino facility ensures all groups sign a “Casino Pooling Trust Agreement” with the trustee. The casino facility submits a copy of the master agreement to the AGLC for approval before the pooling period begins.

Balancing the Quarterly Pool

• licensed groups must submit net casino proceeds to the trustee at the end of each casino event; daily interest is paid on funds in trust.
• Within seven days of each calendar month end, the trustee submits an interim statement to the AGLC, indicating which funds have been received from which groups during the month.
• After the pooling period is over, the trustee will submit a final statement to the AGLC; the final statement will include all funds received from all groups.
• The trustee will not release funds until the AGLC authorizes the release; the AGLC indicates what final payments must be made (e.g. licence fees, GST) and then approves release.

• The AGLC must verify the casino transactions from CasinoTrack and reconcile any errors.
• The casino pool must cover any losses before the groups’ portions can be determined, e.g. counterfeit money.
• Once the AGLC approves the records of the quarter, the trustee forwards a cheque to the person named by the group on the signed “Trustee Agreement.”
• Each licensed group must deposit these funds into its approved casino bank account.

• The trustee will, after disbursing the funds, provide a final accounting of the disbursement, including interest earned and trustee fees deducted.
• No advances to any licensed group will be made from the pool prior to the end of the pooling period, unless approved by the AGLC, e.g. losses.

Issuing the Pooling Cheques

Pooling cheques are issued and handled by the trustee. The casino facility cannot influence this timeframe. Each group that has conducted a casino event will receive two pooling cheques which include:

• table games proceeds: the trustee will send the cheque and final statement of payout for table games proceeds to the identified member of the group approximately six to eight weeks after the pooling quarter end date;
• slot machine proceeds: this cheque comes from the AGLC selected trustee approximately six to eight weeks after the pooling quarter end date.

Typically, groups receive the two pooling cheques within a week of each other. Questions related to pooling may be directed to the AGLC’s Financial Review Section.