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Beneficial Holdings, Inc.: Beneficial Holdings, Inc. Agrees to Purchase Gaming Enterprise


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Published in Business and Finance on Wednesday, July 15th 2009 at 6:27 GMT, Last Modified on 2009-11-02 11:52:19 by Market Wire   Print publication without navigation


LAS VEGAS, NV--(Marketwire - July 15, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: [ BFHJ ]) today announced that it has mutually agreed to acquire, through its wholly owned subsidiary, Grupo Beneficial (Nicaragua), its first gaming establishment.

The gaming establishment contains traditional games such as poker in addition to slot machines, including the newest digital gambling devices manufactured by International Game Technology.

The facility's location is very popular with the locals and tourists alike, offering a popular bar and snack venue where customers watch the latest music videos on the company's large screen televisions. The facility maintains supplier contracts with Coca-Cola, Pepsi, the Compania Cervecera de Nicaragua, S.A. (Nicaragua's largest beer company), and Dina Snacks, thus eliminating third party distributors.

The facility maintains a full restaurant and beverage license. Upon taking control, Grupo Beneficial intends to expand upon the license by installing a full restaurant featuring both American and local Nicaraguan cuisine.

"This is just the very beginning of our business plan. We are presently studying and pursuing additional negotiations in Central America with the ultimate goal of joining the ranks of casino companies such as Thunderbird Resorts, Princess Casinos International, and Star City Casinos which successfully operate in Managua," said Carolina Navarro, President of Beneficial Holdings.

ABOUT BENEFICIAL HOLDINGS, INC.:

Beneficial Holdings Inc. is a Nevada corporation in operation since 1990. The company is in the process of purchasing and signing management agreements with various gaming and casino facilities in Nicaragua, Honduras, El Salvador, and Guatemala. In addition, the Company is entertaining several joint venture opportunities with established companies to operate online casinos for non-United States residents that will comply with United States and International law.


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