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I've lost count of the number of business functions I've been to with mock gambling themes. Everyone is always just killing time waiting for the meal, and then gives their "chips" away to someone else because the "prizes" aren't worth it. IMHO the best business parties are the ones that are thrown the way a normal person would throw a party--just have lots of good food, music, and drinks, and let everyone relax. No one wants to participate in a team-building exercise that they're not even getting paid for.
A "White Elephant" gift exchange is always popular here--that's where everyone brings one ridiculous gift and then everyone gets a random one to open, add in rules about who picks first and trading/stealing gifts as desired...
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