Beneficial Holdings Inc. announced that it began management of its second fully operational gaming location in Nicaragua. The gaming parlor is the first of the previously announced seven new locations the company purchased. The gaming parlor, known to the local community as 'Buchona,' is within the main market area of Masaya, Nicaragua, a popular tourist destination.

Beneficial Holdings Inc. announced that it has reached a tentative agreement to purchase seven profitable gaming establishments in Nicaragua. After completion, Beneficial will have eight Nicaraguan locations. The company intends to present its initial deposit within one week to ten days for the gaming facilities. Once the funds are paid, the company will proceed with final contracts and paying the balance to the present owner.

Beneficial Holdings, Inc. announced that it will form a wholly owned Panamanian Society for additional acquisitions of gaming properties. The Company, as part of its aggressive growth plan, has determined the next target market entry should be Panama. After careful review and rigorous evaluation of all statistical data regarding Beneficial's objectives and business model, the company believes this is the next appropriate market to enter.