Beneficial Holdings Inc. Provides Update on Current Business Operations
October 04 2011 - 11:00PM
Marketwired
Beneficial Holdings Inc. (PINKSHEETS: BFHJ), which manages the
sportsbook.cr and bet.cr by Beneficial live dealer casinos and
sportsbooks, a hotel, and gaming parlors in Nicaragua, today
announced a general overview of its business operations.
Hotel Beneficial received acceptance from the Nicaraguan
Government's Central Registry of Providers allowing all
Governmental agencies to stay at the hotel during the course of
official Government business. The hotel also executed contracts
with Booked.net adding to its already online presence with agencies
such as Expedia.com and Orbitz.com. The Company is in the process
of updating its reservation site at hotelbeneficial.com.
The Company's bet.cr Masaya building received a provisional
gaming license from the Nicaraguan National Police for slots and
video poker machines.
The Company's bet.cr Tropical Vereda Casino & Bar acquired
an expanded gaming license allowing it to double the number of
gaming machines it previously had. The expansion was approved by
both the Nicaraguan National Police and the Nicaraguan Institute of
Tourism. Additionally, the liquor license was expanded to allow
longer hours of operation. The Company recently installed a state
of the art high tech inventory control system along with a high
tech video monitoring system at the location.
The Company continues to add additional affiliates for its
online gaming operations thus increasing revenues and traffic to
our bet.cr and sportsbook.cr franchises. Unfortunately, our gaming
offerings are presently only for non-United States residents.
The Company continues to review expansion opportunities that are
presented to it.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment
holding company, specializing in acquiring undervalued gaming
assets. The Company owns a hotel in Managua, a fully operational
restaurant, bar, and casino also in Managua, and a slot parlor in
Masaya, Nicaragua. The Company has agreements in place to build
another hotel in El Crucero, Nicaragua, and is negotiating several
Central American gaming projects.
This release does not constitute an offer of securities for
sale. It contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements involve risks and
uncertainties that could cause results to differ. Statements are
based on information available as of today and the company
undertakes no obligation to update statements to reflect future
occurrences.
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Contact Information Media Relations Beneficial Marketing, Inc.
www.beneficialholdings.info www.bet.cr www.hotelbeneficial.com
+505-8367-3333 Telephone
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