Golden Tee LIVE™
Version 9/16
Page 73
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GOLDEN TEE LIVE REVENUE GUIDE
Revenue Types
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With GT LIVE, cash is now not your only source of income. You can’t just count up the
cash, deduct the fees and split the rest. Players can now play games with cash as well as 5 other revenue types.
The different types of revenue are:
Cash
Player Wallet
Credit Cards
IT Gift cards
Operator gift cards
Operator free cash
Cash
– Is just that; coin and currency. This is the only revenue that will appear on your hard meter, since it is
counting physical pulses from the coin mechanisms and bill validator.
Player Wallet
– This is the revenue earned when a player plays games with their “Play for Prizes” winnings.
Players can still request a check for their winnings on the IT website, but most are rolling it right back into your
game.
Credit Cards
– This is revenue earned when a player pays by credit or debit card. GT LIVE currently accepts
Visa and MasterCard.
IT Gift Cards
– This is revenue earned when a player swipes his gift card to pay for a game. IT Gift cards are
purchased through us directly and shipped either to the purchaser or the recipient of the gift. This is similar to a
Wal-Mart or Best Buy gift card.
Operator gift cards
– These are cards you can purchase for the cost of the plastic. You request whatever
denomination you want. We will print the cards with your logo and artwork. You can give these out for
promotions or refunds. Players will only be able to use them on machines registered to your account.
Operator free cash
– This is the dollar value of games played using Operator free cash. These are credits you
can put on your game for free play. This is intended for use if you want to test a game or set up a certain dollar
amount of free play for promotional purposes, such as an open house.
ACCOUNTING FOR THE VARIOUS REVENUE TYPES
Cash
– The GT Live machines are factory set to give you 60% and the location 40% of the cash.
Player account, Credit card and IT Gift revenue
- Since this is revenue to you, but you do not have the cash in
hand at the point of collection, you will get your money on your ITNet billing statement as a credit in a column
titled “Due from IT.” You’ll need to pay your location on collection day and wait to receive this revenue until your
next statement, so you are basically fronting this revenue type to your locations. Because of this, the machines
are factory set to give you 70% of this revenue and the location 30%. That extra 10% of the cash split that you’re
taking will help cover the 30% you’re fronting.
Operator gift cards and Operator free cash
– Operator gift cards and Operator free cash are a way to promote
your GT Live without splitting this “Revenue” with your locations. This is accounted like non-revenue or free play.
This revenue is set to give you 100% and the location 0%. Please note that any fees incurred from this revenue
still apply.
Please note all the revenue and fee settings can be changed to whatever split percentage you want, for each type
of revenue source.
