NASHVILLE, TN--(Marketwire - Feb 27, 2013) - DHS Holding Co. (
On February 26, 2013, New Jersey Governor Chris Christie approved online gambling in order to help revive casinos in Atlantic City and boost tax revenues in the state.
This is the third state to legalize online gaming, as Nevada and Delaware have already approved bills that allow residents in their states to gamble online.
According to the Reuters article, the New Jersey bill "will legalize Internet gaming to New Jersey's 9 million residents and also create opportunities for European companies with expertise in running online gaming operations."
DHS Holding Co. President Charlie Barrett stated, "This is another big step toward legalizing online gaming in the U.S., and puts our company in a good position to take advantage of the new legislations."
This comes on the heels of an unprecedented move by lawmakers in Nevada when they approved a measure to allow for state-to-state gaming agreements that could usher in the country's first interstate betting network. This bill, signed on Thursday by Governor Brian Sandoval, allows companies in Nevada to host interactive gambling for residents of other states.
Mr. Barrett continued by saying, "The movement to legalize online gaming in the U.S. is gaining momentum. DHS Holding Co. is very excited to be a part of it."
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.
To read the full article: http://www.reuters.com/article/2013/02/27/us-usa-newjersey-gambling-idUSBRE91Q02S20130227
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.
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 otherwise.