Negotiations are ongoing between Beneficial Holdings and an unnamed multiple location casino operator relating to a possible acquisition.
Beneficial Holdings has received the financial information from the operator and is now analysing the profit margins of each location. The company believes that if the negotiations are successful, the acquisition will see Beneficial become one of the top 10 operators in Central America.
"The prospective acquisition will provide in excess of $10m to the company’s revenues and position us as a major casino operator within Central America," said Carolina Navarro, president of Beneficial Holdings.
"We believe that we are well financed to perform the purchase and that we have the management talent to drastically increase profits at the casinos by adding additional games and entertainment for customers."
