Business & Finance
Business and Finance
Business and Finance 
Tue, August 11, 2009
Mon, August 10, 2009
Beneficial Holdings, Inc.: Beneficial Holdings, Inc. Agrees in Principle to Acquire a Multiple Slot Parlor Operation
MANAGUA, NICARAGUA--(Marketwire - August 10, 2009) - Beneficial Holdings, Inc. (
The Company, after careful review, believes that this prospective acquisition will further its objectives of becoming a major player in the multi-billion dollar Central American gaming market. The Company has monitored traffic at all of the sites that are involved with this acquisition and believes the numbers exceed the average median profit per machine. Upon acquisition, the Company will immediately implement food and liquor for each location to provide additional revenue.
The Company continues to pursue other gaming acquisitions in Central America. Management recognizes that the increase in tourism and retirees creates a very lucrative market and that the area will become a frontrunner within the industry, unlike the American gaming market that is saturated and dormant.
Carolina Navarro, President of Beneficial Holdings, stated, "The future of gaming is in developing Central American regions and, under my guidance, we will continue to acquire as many profitable locations as possible."
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc. a Nevada corporation operating since 1990. The Company is an investor and management company of Central American gaming establishments. The Company's share structure is an authorized number of shares of 200,000,000, outstanding shares of 99,265,205, restricted shares 90,187,907, and free trading shares of 9,077,298.