In its strategy to move its operations domestically, Beneficial Holdings has announced that it intends to apply for a Nevada intrastate gaming licence.
This would enable the international casino holding company to offer certain online games to residents of Nevada when partnered with a licensed casino operator. With a licence under Nevada Regulation 5A, Beneficial may be able to offer non-gaming hotels access to the online casino in customer rooms in the state.
The company is in negotiations with several consultants who work with Nevada licensed casinos to finalise a joint venture agreement. In the interim, it is establishing a system that will begin with poker and, as regulations allow the expansion into other areas of play, offer live dealer games.
As a Nevada corporation, Benficial will acquire the facilities to headquarter its technology in the state to make it a true intrastate offering. As other states begin to allow licensing of online casinos, it will attempt to utilise its forthcoming Nevada facilities where possible.
Pursuant to the September 2011 opinion by the US Department of Justice authored by Assistant Attorney General Virginia Seitz, finding that the Wire Act of 1961 only applies to sports gaming bets, Beneficial believes that opportunities will be available for it on an intrastate level, state by state, as regulations are issued. As such, the company will focus its energy domestically during this year.
