Online Gaming Looking Promising for US States
NASHVILLE, TN -- (Marketwire) -- 02/20/13 -- 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
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
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 LuckyFoxCasino.com 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, L
TD, a wholly-owned subsidiary of DHS Holding Co.
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Act of 1934. These forward-looking statements are
based largely on the expectations or forecasts of future events, can
be affected by inaccurate assumptions, and are subject to various
business risks and known and unknown uncertainties, a number of which
are beyond the control of management. Therefore, actual results could
differ materially from the forward-looking statements contained in
this press release. A wide variety of factors that may cause actual
results to differ from the forward-looking statements include, but
are not limited to, the following: the Company's ability to increase
revenue and profits in the current economic climate; the effect of
changing economic conditions; inability to manage growth; and changes
in government regulations, controls and similar matters. These
cautionary statements should not be construed as exhaustive or as any
admission as to the adequacy of the Company's disclosures. The
Company cannot predict or determine after the fact what factors would
cause actual results to differ materially from those indicated by the
forward-looking statements or other statements. The reader should
consider statements that include the words "believes," "expects,"
"anticipates," "intends," "estimates," "plans," "projects," "should,"
or other expressions that are predictions of or indicate future
events or trends, to be uncertain and forward-looking. The Company
does not undertake to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
DHS Holding Co.
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