MIAMI, FL--(October 1, 2010) - Caribbean Casino and
Gaming Corp. (PINKSHEETS: CGAQ) announced today their due
diligence and negotiation for the second casino location is completed
with the final contract signing set for October 4th. Renovations
of the location will be completed during the following 3 weeks with a
November 2010 Grand Opening expected. The location features
waterfront views in its exclusive location matched with an 890 room
hotel in a self contained resort community.
CEO Steven Swank stated, "The due diligence is done and we are
proud to add our second physical location in the Dominican Republic as
we expand our presence on the Internet."
The new location provides great exposure to an international
clientele of tourists. It allows CGAQ the opportunity for each
customer to experience the level of service they provide to the gaming
industry, while promoting its Live Video Gaming Site. CGAQ hopes
to make each of the tourist long term clients via its Internet Site.
Mr. Swank continued, "This location affords us the ability to
service tourists from around the world who we expect to become long
term clients on our Live Video Gaming site. As we continue to
penetrate the Dominican Republic market with physical locations, we
expand our long term clientele with our web site."
About Caribbean Casino and Gaming Corp:
Caribbean Casino and Gaming Corp (PINKSHEETS:
CGAQ) is the owner and
operator of the Sosua Bay Grand Casino. The corporation is focused on
becoming a leader in the Caribbean for gaming and entertainment to
include live betting in its partnership with Kenilworth Systems
Corporation from cameras located above tables within the Sosua Bay
Grand Casino. Not only will Caribbean Casino and Gaming Corp. offer
world class gaming and accommodations within its facilities for those
visiting our properties, but also allow patrons to wager (where
allowed) from the comfort of their own home or hotel room. The casino
is now the centerpiece in the Sosua Bay Resort at Puerto Plata,
Dominican Republic, the largest and most populated Caribbean Island.
This report contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." You are cautioned
that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results
to differ materially from those projected in the forward-looking
statements, including the risks that actual results may differ
materially from those projected in the forward-looking statements You
should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this report are made as
of the date hereof and Caribbean Casino and Gaming Corporation
undertakes no obligation to update such statements.