SOURCE: DHS Holding Co.

February 20, 2013 11:28 ET

Online Gaming Looking Promising for US States

NASHVILLE, TN--(Marketwire - Feb 20, 2013) - Citing a February 17th article in the New York Times, DHS Holding Co. (PINKSHEETS: DHSM) announced that online gaming in the United States looks promising. According to the article, two states, Nevada and Delaware, are already laying the groundwork for virtual gambling, with New Jersey soon to follow.

Quoting the New York times article, President Charlie Barrett stated, "Gaming bills have been introduced in Mississippi, Iowa, California and other states, driven by the realization that online gambling could bring in streams of tax revenue." According to the article there is an estimated 150,000 residents playing poker illegally in Iowa alone.

In New Jersey, Gov. Chris Christie recently vetoed two online gambling bills, stating only that the proposed 10 percent tax was not large enough. The bill is likely to be refined and successfully resubmitted within the next few months.

The article also stated that "Overseas, online betting is generating an estimated $32 billion in annual revenue -- nearly the size of the United States casino market. Juniper Research estimates that betting on mobile devices alone will be a $100 billion worldwide industry by 2017."

Even social gaming companies that aren't traditionally thought of as being involved in gambling are getting into the business. Zynga, best known for its Facebook games Farmville and Mafia Wars, has recently applied to the state of Nevada for a gambling license.

Mr. Barrett concluded his statement, saying, "Online gambling appears to be reemerging in the US as a source for states to increase revenue, such as the example with many of the states mentioned in the New York Times article."

Online gaming is $180 billion per year industry and DHS Holding Co. will advertise and market worldwide in an attempt to capture its share of this $180 billion industry.

About the company
The primary focus of DHS Holding Co. is directed to pursue mergers and acquisitions of companies with potential for growth and success. DHS is aggressively moving to develop and expand on both domestic and international opportunities that include building a hotel and casino in Belize and launching an online casino through DHS Belize, LTD, a wholly-owned subsidiary of DHS Holding Co.

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