SOURCE: Caribbean Casino and Gaming Corp

July 08, 2010 08:00 ET

Caribbean Casino and Gaming Corp. Opens Up the City Arena With All Inclusive City Comp System for Players

MIAMI, FL--(Marketwire - July 8, 2010) - Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) announced today that it is providing a comp system for all participating restaurants, bars, fishing boats, snorkeling trips, hotels and golf courses via its "All Inclusive City Comps." The new comp system will allow players to Name their Place and receive comp certificates to a wide variety of entertainment and dining establishments throughout the city of Sosua, and Santiago, thereafter. 

CEO Steven Swank stated, "Offering an all inclusive city to our VIP players motivates them to play more and show our appreciation for their play time while building customer loyalty. There is no other system like this in the Dominican Republic and it will attract more visitors from the United States."

The new comp system is based on a working relationship with the local entertainment companies where those same companies work for the casino by distributing match play tickets to every customer for every purchase that is made. It offers non-stop branding with a call to action for every customer patronizing participating establishments.

Mr. Swank continued, "Unlike others' typical local promotions that entail printed flyers pushed into a non-visible corner of an establishment, CGAQ will have their name in front of every customer within participating establishments. Further, it is not just a branding campaign, it offers a call to action campaign with our progressive match play program. The more the customers buy from participating establishments, the more they get in match play. This motivates customers to buy more locally and ensure distribution is in place. Once they are in the door, our staff will ensure they have a great time playing with their match play and more."

CGAQ plans to bring the progressive match play program, with its all inclusive city comp system, to all surrounding cities including Caberette. The program maximizes the physical location's ability to profit, while it builds a bigger clientele for its online gaming and sports wagering division. 

Mr. Swank continued, "Our business model is based upon a loyal, local clientele where tourist gaming action is simply added revenue. The program rewards the local clientele while building the first all inclusive city for the local customers and invites a new tourist clientele that will win, either which way. The casino is the centerpiece of the city and we love the idea that all the merchants want to work with us."

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.

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.