Business & Finance
Business and Finance
Business and Finance
Thu, October 15, 2009
Wed, October 14, 2009 Beneficial Holdings, Inc.: Beneficial Holdings, Inc. Begins Management of Its Second Fully Operational Gaming Location
LAS VEGAS, NV--(Marketwire - October 14, 2009) - Beneficial Holdings, Inc. (
The location currently operates twenty-three gaming devices including slot and digital poker machines.
However, based on demand, Beneficial Holdings will increase the machine count to forty-five machines.
The gaming parlor, known to the local community as "Buchona," is within the main market area of Masaya, Nicaragua, a popular tourist destination.
The Company, as with all its acquisitions, will remodel the location so as to appeal to the tourist industry as well as the local consumer. While the location currently offers beverages, it presently does not offer food products. The Company intends to introduce a limited trial menu with the intent of providing a full menu in the future.
The Company is currently in negotiations with another gaming company to acquire a significant number of their modern International Game Technology and WMS Gaming machines to add to Beneficial's current inventory.
About Beneficial Holdings, Inc.:
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued and undermanaged gaming assets, both small and large. The company currently maintains a capitalization of one hundred and twenty-nine million authorized shares and is limited by corporate resolution not to increase said amount for six months. The company currently funds its acquisitions with private funding with the intent to increase shareholder value while building a world class gaming operation. The company maintains no convertible debt.
This press 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 the date hereof, and the company undertakes no obligation to update any statement to reflect occurrences after the date of this release.
