SOURCE: Caribbean Casino and Gaming Corp.

June 21, 2011 11:21 ET

Caribbean Casino and Gaming Corp. Successful Conference in Tampa, Florida

MIAMI, FL--(Marketwire - Jun 21, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). Mr. Steven Swank CEO, held a conference this past weekend in Tampa, Florida with IBF President Daryl J. Peoples, the Dominican Boxing commissioner Franklin Nuñez, Bienvenido Rodríguez and Rafael Cisneros President and Vice-President of the Horse Racing commission, respectively, Francisco Almonte current horse track administrator, along with Don Albaum, Mike Duzant, Michael Marley attorney for Jose Muñoz, trainer for Top Rated Boxers. The main goal of this meeting was to discuss a possible World title fight on September 10th, 2011, to be held at the Hipodromo V Centenario, Dominican Republic, venue with a capacity of 15,000 seats.

With this event, CGAQ expects USD$300,000.00 in net revenues at minimum, and has plans to sign a television station contract, that would provide a fight card every month for one year. This event is expected to have worldwide coverage.

Mr. Steven Swank, CEO stated, "We are not blowing smoke, we mean business with these projects, and we ask for the stockholders support."

News and more details in regards to the title fight will be announced in a few days. This is just the beginning of one of the company's many projects. It's all in the works at this time, and every project is moving forward.

About Caribbean Casino and Gaming Corp:
Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino and Afterone 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.

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