SOURCE: Caribbean Casino and Gaming Corp.

January 18, 2011 08:00 ET

Caribbean Casino and Gaming Corp. Progress Report Luperon

MIAMI, FL--(Marketwire - January 18, 2011) - The Luperon Bay operation officially opened on New Year's Eve day, it has presented a steady growth on a daily basis. The casino has increased since its opening 100%. Galactica, the disco at Luperon Bay Casino, last weekend (Friday the 14th and Saturday the 15th) had RECORD BREAKING days that surpassed Afterone, the disco at Sosua Bay Grand Casino.

Our promotions for the operation are still being distributed so we expect to have significant numbers by the end of January, the financial aspect of both operations will be seen at the end of the 1st quarter once posted.

Within the next two weeks CEO Mr. Steven Swank will have a private number where one day a week for a period of four hours he will be answering questions and listening to comments good or bad.

Progress reports will be posted regularly on all operations.

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.

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