SOURCE: Caribbean Casino and Gaming Corp.

September 06, 2011 09:00 ET

Caribbean Casino and Gaming Corp. Announces Updates on All Projects, Date Change for Boxing Event

MIAMI, FL--(Marketwire - Sep 6, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). The date for the boxing event has been pushed forward to October 15th due to Hurricane Irene, and this past week Mr. Swank has been recovering from pneumonia. The new date will give the company more time to promote and prepare for this event and allow Mr. Swank to recuperate from his illness.

On this matter, Mr. Steven Swank, CEO, stated, "This is actually a more desirable date. We will be able to sell a few more sponsors, and later this week will offer hotel and ticket packages to anyone wanting to attend. There will be horse racing prior to the fight; everyone will get a taste of things to come.

"At the moment, our largest project is moving ahead as rapidly as possible. We will make announcements when we are ready, and not until then, please do not ask me by e-mail to give info that is unavailable, I will not answer. The kiosko project and others are all intertwined, and will be announced soon. Time and exact dates are not available."

Mr. Swank commented, "Our main project has ALL MY ATTENTION, The Income Potential is 100 times or more than our present income sources. We can't afford mistakes, or leaks that mislead stockholders, and disrupt our efforts. If you don't believe in this, please don't buy stock, use your own discretion, and your own good judgement. We are doing our best to build a company that is worthy of our very faithful stockholders."

More information will be posted as events occur.

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 after one 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 its properties, but also allow patrons to wager (where allowed) from the comfort of their own homes or hotel rooms. 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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