Beneficial Holdings to apply for Nevada intrastate license

With a license under Nevada Regulation 5A, the firm may be able to offer non-gaming hotels access to the online casino in customer rooms in Nevada for people want to play the offered games.

The company is in negotiations with several consultants who work with Nevada licensed casinos to finalize a joint venture agreement. In the interim, the company is establishing a system that will begin with poker and, as regulations allow the expansion into other areas of play, offer live dealer games. The firm, as a Nevada corporation, will acquire the facilities to headquarter its technology in Nevada to make it a true intrastate offering.

As other states begin to allow licensing of online casinos, the company will attempt to utilize its forthcoming Nevada facilities where possible.

Pursuant to the September 2011 opinion by the United States Department of Justice authored by Assistant Attorney General Virginia A. Seitz finding that the Wire Act of 1961 only applies to sports gaming bets, the company believes that opportunities will be available for it on an intrastate level, state by state, as regulations are issued. As such, the company will focus its energy domestically during this year.