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Replies to post #196233 on .0001 to .0009 PICKS ONLY
02/20/12 5:05 PM
MANAGUA, NICARAGUA--(Marketwire -01/27/12)- Beneficial Holdings Inc. (Pinksheets:
BFHJ.PK - News), which manages http://www.sportsbook.cr and http://www.bet.cr by Beneficial
live-dealer casinos and sportsbooks and gaming parlors in Nicaragua today announced that it will
recruit and hire a United States-based executive to oversee their entry into the North American
gaming market.
The company believes that, with its Line of Credit and the pending divestiture of its non-gaming
assets, it can enter the domestic gaming market either with online operations (if it is determined to
be legally viable) or in a bricks-and-mortar operation. The Company is also exploring opening
intrastate gaming operations in states where online gaming is not prohibited. With intrastate-only
offerings, and strong state residency verification, the Company can operate without affecting
interstate commerce, eliminating federal oversight.
The Company's Board of Directors gave considerable thought to this strategy and has concluded
that it is the correct move to increase revenues and the profile of the company.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international hotel and casino holding company, specializing in
acquiring undervalued gaming assets. The Company also owns a bar and casino in Managua, a slot
parlor in Masaya, Nicaragua with other properties either under development or in various
negotiation stages. The Company operates www.bet.cr and www.sportsbook.cr enabling non-
United States residents to utilize its live dealer systems.
Contact:
Contact Information
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.hotelbeneficial.com
+505-8367-3333 Telephone
AI
