SOURCE: Beneficial Holdings, Inc.

January 07, 2010 09:05 ET

Grupo Beneficial Secures Costa Rica Website for Its Electronic Casino

SAN JOSE, COSTA RICA--(Marketwire - January 7, 2010) - Grupo Beneficial, S.A., a subsidiary of Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced that it acquired the website for its electronic casino.

Grupo Beneficial believes that the domain name provides the Company with a short, easy to remember name for its electronic casino. The Company chose a .cr domain extension because the online casino will be licensed in Costa Rica.

Grupo Beneficial believes that the casino will be operational in less than one month. The electronic casino will work through software that users download onto their computer systems. A contract is in place for the development of the custom software.

The system will target the non-United States international community and be in several languages including Spanish, German, Italian and English. Users may choose the currency of their choice.

In addition to a casino, the system will also feature a sports book.

The system will be given to customers of Beneficial Holdings' gaming locations in Central America on compact disk. Copies of the disk, and a download link, will be sent to our shareholders in February so that the games can be played and tested at no charge to the user. Shareholders desiring a disk that allows free (non-gambling) play should send an email to with their name and address.

Once the system is working, Grupo Beneficial will negotiate with other casino operators to provide the disk to their guests in exchange for commission on revenue from their players.

While our site is being completed, visitors to the domain name will find links to our affiliate partners -- Virgin Casino, Virgin Bingo, and Virgin Poker. The Virgin gaming network provides a trusted brand along with excellent payouts.

About Beneficial Holdings, Inc.:

Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The company currently maintains capitalization of 129,000,000 authorized shares and is limited by corporate resolution not to increase the amount for a period of six months since passage of the resolution. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. The company maintains no convertible debt. Beneficial Holdings, Inc. owns 97% of the capital stock of Grupo Beneficial, S.A.

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 any statement to reflect future occurrences.

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