Making The Switch Is Easy with 777.
What is Illinois Gaming and how can you profit from it?
Video gaming terminals, commonly referred to as VGTs, are multi-game slot machines substantially similar to those found on the boats. Each VGT offers a variety of different popular and proven games including video poker and slot games. Players can wager as little as $.01 to as much as $4.00 per spin, and can win up to $1,199 per spin. Each VGT is connected to a centralized computer system monitored by Scientific Games (SciGames), who implements and administers a Central Communications System (CCS) in conjunction with the Illinois Gaming Board (IGB).
The Terminal Operator
The terminal operator is responsible for placing VGTs in licensed establishments. 777 is proud to be one of the finest terminal operators licensed in the state of Illinois. 777 Gaming LLC provides and maintains the VGTs at no cost to the establishment and manages all cash handling, including customer payouts for winnings via an automated kiosk payout device. This eliminates the need for employees to handle cash transactions. The VGTs we install are made by nationally recognized slot manufacturers including Bally, Spielo, LGT, and WMS.
Restaurant / Bar
The retail establishment license is the most common issued license by the 777 issued to restaurants and bars. To qualify as a licensed retail establishment you must be a licensed pour establishment, holding both a local and state on-premise liquor license.
Fraternal Organizations & Veterans Clubs
Fraternal organizations and veterans establishments qualify to be licensed establishments and must have a charter derived from a national organization and meet regularly, as well as hold both a local and state on-premise liquor license.
In order to qualify as a licensed truck stop establishment, the following minimum requirements must be met:
1. Must be at least a 3 acre facility with a convenience store
2. Must have a separate diesel island for fueling commercial vehicles
3. Must sell more than 10,000 gallons of diesel fuel per month
4. Must provide parking space for commercial motor vehicles
Specifies how the gaming income is to be split between the state of Illinois, the local municipality, the licensed establishment and the terminal operator. The Net Terminal Income (NTI) that is split is the difference between the cash inserted into the game less the cash prizes paid out. The NTI is collected by the terminal operator and paid to the various constituencies in accordance with the Act.
How Much Does It Cost You?
- Annual $100 Illinois Gaming License.
- Annual $100 per VGT Illinois State Fee
– Municipality licensing costs, if any.
- Power for the VGT machines.
- Preparation of Room.
Data & Revenue Management
777 Gaming LLC will be responsible for collecting and accounting for all the funds related to video gaming and amusements.
We will remit taxes owed to the State of Illinois, and remit the location’s portion in an accurate and timely manner.
We study the Illinois Video Gaming market and the location performance in order to provide insight and advice on how to grow your business or establishment.
777 Gaming utilizes both service and machine performance analytics in order to identify opportunities for growth and maximize gaming revenue.