SOURCE: BENEFICIAL HOLDINGS INC.

Beneficial Holdings Inc.

October 05, 2011 00:00 ET

Beneficial Holdings Inc. Provides Update on Current Business Operations

MANAGUA, NICARAGUA--(Marketwire - Oct 5, 2011) - Beneficial Holdings Inc. (PINKSHEETS: BFHJ), which manages the sportsbook.cr and bet.cr by Beneficial live dealer casinos and sportsbooks, a hotel, and gaming parlors in Nicaragua, today announced a general overview of its business operations.

Hotel Beneficial received acceptance from the Nicaraguan Government's Central Registry of Providers allowing all Governmental agencies to stay at the hotel during the course of official Government business. The hotel also executed contracts with Booked.net adding to its already online presence with agencies such as Expedia.com and Orbitz.com. The Company is in the process of updating its reservation site at hotelbeneficial.com.

The Company's bet.cr Masaya building received a provisional gaming license from the Nicaraguan National Police for slots and video poker machines.

The Company's bet.cr Tropical Vereda Casino & Bar acquired an expanded gaming license allowing it to double the number of gaming machines it previously had. The expansion was approved by both the Nicaraguan National Police and the Nicaraguan Institute of Tourism. Additionally, the liquor license was expanded to allow longer hours of operation. The Company recently installed a state of the art high tech inventory control system along with a high tech video monitoring system at the location.

The Company continues to add additional affiliates for its online gaming operations thus increasing revenues and traffic to our bet.cr and sportsbook.cr franchises. Unfortunately, our gaming offerings are presently only for non-United States residents.

The Company continues to review expansion opportunities that are presented to it.

ABOUT BENEFICIAL HOLDINGS, INC.

Beneficial Holdings, Inc. is an international casino investment 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.

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