DHS Holding, Co. to Stick With Online Gaming
DHS Holding, Co. (PINKSHEETS: DHSM) -- After applying for and receiving a new online gaming license for LuckyFoxCasino.com on April 9, DHS Holding Co. sold the licenses that it held for the Cenote Falls Hotel & Casino and Cenote Falls Online Gaming.
Charlie Barrett, President of DHS Holding, Co., stated, "I want to be very clear on this so there are no misunderstandings. Prior to our selling of the online gaming license and ground license for Cenote Falls, we applied for and were granted a new license under the name of Lucky Fox Casino LTD, which is now operational.
"We no longer have the pressure of trying to fund the building of such a large project, and it allows us the luxury of concentrating all our efforts on marketing and promotion of LuckyFoxCasino.com."
In this sale, DHS Holding, Co. received a Promissory Note for $300,000, which will be utilized for retiring its debt to Clipper Explorations, LTD.
Lucky Fox Casino LTD was incorporated in Belize on January 24, 2013. The company applied for an Online Gaming License in Belize on February 1 and the License was granted on April 9.
Online gaming is $180 billion per year industry and DHS Holding, Co. will advertise and market LuckyFoxCasino.com worldwide in an attempt to capture its share of this $180 billion industry.
About the company
The primary focus of DHS Holding, Co. is directed to pursue mergers and acquisitions of companies with potential for growth and success. DHS is aggressively moving to develop and expand on both domestic and international opportunities that include launching an online casino through Lucky Fox Casino, LTD, a wholly-owned subsidiary of DHS Holding, Co. and SalesKing.com.
Source Information
www.dhsholding.com
www.otcmarkets.com/stock/dhsm/quote
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