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Network Management Group, Inc., or NetworkM, was founded
in 1996. We currently have over 700 Associates servicing
13 casinos throughout California.
NetworkM is the largest company in the California gaming
industry furnishing professional services to California
casinos in the area of third-party proposition player
services per the provisions of California Assembly Bill
1416 (now Business & Professions Code 19980) and California
Gambling Control Commission's Proposition Player Regulation.
Unlike other casino operations in the U.S., for example
in Nevada or New Jersey, California casinos have unique
management and regulatory compliance needs.
The State of California allows, by law, two different
types of casinos. The first type is the state approved
Indian operated casino that provides Nevada style house
banked games, which by law we are unable to do business
with. These are operated so that the house earns its
profit from the games.
The second type is the California casino that gains
profits, not from wins or losses of the game, but from
collection fees. These casinos are not allowed to house
bank. Rather, each time a player places a bet he or
she is required to pay a fee in the amount of one dollar.
This dollar is the only money that the casino itself
earns.
The result is that the players are playing against
the other players. Each player is given a chance to
be the "Dealer" card. This is called "Banking". When
it is a player's turn to "Bank", the player/banker bets
a certain amount of money that she is willing to risk.
At the conclusion of play, the winning players in that
game are paid the money that the player/banker has put
forward. Since the player/banker does not usually have
enough money to pay everybody, the Third-Party Proposition
Player Services company can cover the remaining balance
of the table. This company can also do its own banking
just like any other player. These companies are offering
Third-Party Proposition Player Services, and should
not be confused with casino owners or operators. Moreover,
a company that conducts Third-Party Proposition Player
services is licensed by the city and state to provide
such services to the California casinos.
NetworkM's role at our client casinos is to provide
Third-Party Proposition Player Services and ensure the
proper functioning of financial and other client casino
management systems under current regulations. Our services
are focused on providing management support including
regulatory compliance, Player/Banker services, security
systems, financial systems, customer service systems
and promotional assistance for our clients. Our goal
is to build positive partnerships with both casino management
and patrons.
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