SOURCE: Caribbean Casino and Gaming Corp.

March 18, 2011 11:49 ET

Caribbean Casino and Gaming Corp. Meeting in Costa Rica With New Investor Group

MIAMI, FL--(Marketwire - March 18, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). On Saturday Mr. Steven Swank, CEO of CGAQ, will be traveling to Costa Rica to meet with joint venture partner GGL and investors interested in the Gamebase ® project. This project has opened the curiosity of many companies and investors who want to take this project global. This group will meet with Mr. Swank and GGL executives to discuss important financial information and strategies, this meeting will decide the direction the Gamebase ® project will go and how it will be funded. They will also discuss aspects of the 4th acquisition, this project plans to deliver a large revenue stream, and asset base for the company.

On this matter Mr. Swank stated, "This project is enormous and we need the help of large investors in order to make it global, we have to set up a team that has the knowhow and the financial capability to take it to highest level possible." He also stated, "This meeting is crucial for the success of the Gamebase ® and will set the base for the 4th acquisition."

The direct line to communicate directly with Mr. Swank's first calling schedule is for Monday March 21st from 12:00 pm to 3:00pm EDT. During this time he will be answering questions that investors may have and will be listening to comments and/or concerns. The number to call is (561) 962-4402, option 2 for Mr. Swank's office.

Mr. Swank commented, "I will be available for investors to ask and comment about all the projects and any particularly concerns they might have, this is the first schedule, more to be posted."

More reports on this meeting and the direct line will be posted as it progresses.

About Caribbean Casino and Gaming Corp:

Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino, Afterone Disco, the Luperon Bay Casino and Galactica Disco. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment, including live betting 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 most populated Caribbean Island.

FORWARD-LOOKING STATEMENT

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.

Contact Information