Beneficial Holdings completed the acquisition of a new gaming location in Nicaragua

(Nicaragua).- Beneficial Holdings announced that, through its subsidiaries in Nicaragua, it has now closed on the previously announced second gaming center in Masaya, Nicaragua.

2010-11-16

Nicaragua

Reading time 51 seg

The current acquisition is located on a main commercial street near the Farmacia San Antonio and will house a slot parlor with approximately 25 modern gaming machines.

The building that was acquired by the company is owned free and clear and has no loan or mortgage. It is titled to Recreaciones Beneficial, which is over 97% owned by Beneficial Holdings.

"We have already contracted the workmen to begin work on the location with instructions to build it out as one of the most elegant parlors in the area. The company authorized a generous budget for this build out as we believe this is a prime area. Our marketing arm is already preparing cross promotions with the www.bet.cr by Beneficial logo to supplement our website, www.bet.cr," said Carolina Navarro, President of Beneficial Holdings.

As with company policy at all locations, www.bet.cr online disks will be distributed to all players free of charge at the door so they may access our web-based casino from their home.

The gaming center, which will be operational in less than one month, will target tourists visiting Masaya's market area and focus on local mid and upper income players. "We believe that by having modern and advanced equipment at this new location we will be the place of choice to visit," Navarro said.