SOURCE: Caribbean Casino and Gaming Corp.

January 20, 2011 10:00 ET

Caribbean Casino and Gaming Corp. Announces Its 3rd Establishment, Located in Puerto Plata, Has a Happy Twist

MIAMI, FL--(Marketwire - January 20, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) -- announced today the grand opening of their 3rd location is coming soon. The new establishment is set within a high traffic location adjacent to the central bus terminal for the city of Puerto Plata. The establishment will consist of their first ever 24 hour per day Slot Parlor. Starting with more than 100 slot machines, the extremely favorable lease includes space for operations expansion including a total of 200 slot machines. Upon the upcoming grand opening, the bar and short order menu will be available for all customers.

CEO Steven Swank stated, "Each new establishment not only gets easier to launch, but increases our economies of scale further. As the market starts to reflect our assets and efforts, the stakes are going to rise for anyone not vested in our stock. We are excited about the good times coming for the investors who have shown the patience and perseverance the staff surrounding me has." 

CGAQ expects to open their 24 hour a day Slot Parlor called, Puerto Plata Parlor, in the near future. The company expects a great return on investment as the location is not only the main hub for city transit, but is inclusive of a strip mall that includes local businesses such as the disco, numerous restaurants, an exchange bank, pharmacy and gas station. 

Mr. Swank continued, "The high traffic businesses and transit authority that this location consists of will continue to brand the CGAQ name at a faster pace while being the only location within miles to provide gaming entertainment. If people can have fun buying a lottery ticket, our clients will have a great time taking a break from the world with us in this convenient area of Puerto Plata."

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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