SOURCE: Caribbean Casino and Gaming Corp.

June 22, 2009 20:37 ET

Caribbean Casino and Gaming Corporation Launches a Newspaper in the North Coast of Dominican Republic

MIAMI, FL--(Marketwire - June 22, 2009) - Caribbean Casino and Gaming Corporation (PINKSHEETS: CGAQ) is pleased to announce that it has entered into an agreement today with businessman and former publisher and promoter Enrique A. Kogan to launch a newspaper in the north coast of Dominican Republic.

The main focus of the newspaper will be the entertainment, lifestyle, nightlife, casinos, restaurants and clubs reviews, concerts, festivals, interviews, and personalities: everything related to entertainment in the area.

The newspaper will have a distribution of 20,000 copies in the cities of Sosua, Puerto Plata, Cabarete, Gaspar Hernandez, Sabaneta, and vicinities.

It will be the first in the market, and can be a big supporter of the entertainment activities in the North Coast of the beautiful Dominican Republic.

Steven Swank, Chairman and Chief Executive Officer, stated: "Having a newspaper in the area will make a strong presence with our company."

As part of the Agreement, among other considerations, Caribbean Casino and Gaming Corporation will hold 51% of the newspaper share and Mr. Enrique A. Kogan 49%.

Caribbean Casino and Gaming is a gaming and entertainment company that owns and will operate the Grand Casino at Sousa Bay Resort in Puerto Plata, Dominican Republic.

FORWARD-LOOKING STATEMENTS

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