International edition
September 28, 2021

On average, each location has been in business and profitable for over 5 years

Beneficial Holdings Contracts to acquire seven gaming locations in Nicaragua

(Nicaragua).- Casino investment and management company, Beneficial Holdings, announced that it has contracted for the purchase of seven gaming locations in Nicaragua. The firm has tendered its initial cash down payment towards the seven locations and begin the transition procedure regarding each location over the next few months.

T

his acquisition will bring the company's total number of locations to eight. The firm will take possession of one of the locations in Masaya, Nicaragua, within a week. Management from Inversiones Nacionales Capri of Managua, which is the seller of the businesses, will assist Beneficial Holdings, Inc. during the transition phase of this acquisition in exchange for a temporary management fee of 10% of the monthly net profits from the new locations.

Another two locations are also in Masaya. The remaining four establishments being acquired are in Managua and Tipitapa, Nicaragua. On average, each location has been in business and profitable for over five years.

The acquisition will increase the company's gaming machine inventory to over 200 electronic gambling devices including slots, poker machines, and modern digital games manufactured by International Game Technology of Reno, Nevada.

Over the next 60 days, the company will be engaged in intensive monitoring of the locations to determine methods to improve customer service, increase revenues, modernize the establishments, and offer additional products and services.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook