Gross Rake definition
Gross Rake means “Golden Palace”’s proportionate share, in the Currency, of the amount collected by “MSL” with respect to the Mahjong Games as a fee for its services, in accordance with the rake schedule;
Gross Rake means the gross sums charged to End-Users for providing real money wagering poker games. This shall be inclusive of all forms of pot deductions, commissions and time based fees but shall exclude expressly the pot. Gross Rake represents the sums taken by CIE as its reward for providing the poker gaming services to End Users.
Examples of Gross Rake in a sentence
Net Revenue is defined as Gross Rake payments received by the Company, minus all payments made to partners and affiliates, and prior to operating costs of the Company.
Gross Rake is defined as the total cash wa▇▇▇▇ ▇f all players minus the total payouts to winning players.