SOURCE: Beneficial Holdings, Inc.

Beneficial Holdings, Inc. (Pink Sheets: BFHJ)

September 29, 2010 00:00 ET

Beneficial Holdings Announces Casino Launch Update

MANAGUA, NICARAGUA--(Marketwire - September 29, 2010) -  Grupo Beneficial S.A., 97% owned by Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), is pleased to announce that its bet.cr by Beneficial gaming site is expected to be fully operational no later than early next week. Due to overwhelming demand, the Company has ordered their technicians to fast-track any remaining issues needing correction and to ready themselves for the launch.

Customers may always apply for an account and play free games with "fun money" at www.bet.cr. Upon the official launch, the Company will announce and send an e-mail to those who signed up for the free game account. Non-U.S. residents may play for real money if legal within their jurisdiction.

Grupo Beneficial encourages webmasters to become partners with the most exciting casino through the links at the bottom of the www.bet.cr site. There is no fee to join. Webmasters can earn extremely generous revenues through a percentage of the profits. To sign up, visit http://www.bet.cr/cgi-bin/affiliate/signup.cgi

"Management expected bet.cr by Beneficial to be ready months ago, however we needed to make sure everything was working correctly. The exciting news is that we've teamed up with other casinos to offer progressive jackpots exceeding $1,000,000 dollars. We also allow players to choose whether to download the bet.cr by Beneficial software or to play web games," said Alex Papic, Vice President of Beneficial Holdings, Inc.

Papic advised that, "Beneficial Holdings and its subsidiaries continue to move forward with additional hotels and casino related land-based facilities. The Company will provide additional updates regarding those projects soon." 

ABOUT BENEFICIAL HOLDINGS, INC.

Beneficial Holdings, Inc. is an international casino investment and ownership-management holding company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a fully operational restaurant, bar, and casino also in Managua, and a slot parlor in Masaya, Nicaragua. The Company has agreements in place to build another hotel in El Crucero, Nicaragua, and is negotiating several Central American gaming projects.

This 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 today and the company undertakes no obligation to update statements to reflect future occurrences.

Contact Information