ESPN Deportes Confirms Live Broadcast of Boxing Event From the Sosua Bay Grand Casino

MIAMI, FL--(Marketwire - February 5, 2010) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ), has confirmed ESPN Deportes will be conducting a live boxing broadcast from the Event Center in the Sosua Bay Grand Casino.

As a revision to the previous release, the first event will be held on Friday March 12th instead of Saturday March 13th to better fit the ESPN Deportes broadcast schedule. The card is scheduled to include Hector Sanchez 18-0 (Undefeated Contender from Puerto Rico) versus Luis Ernesto Jose 29-6-2 in a 10 round event and Giovanni Lorenzo 27-2 (#1 Rated Junior Middleweight from Dominican Republic) versus Emiliano Cayetano 18-3 in a 10 round match. Also scheduled is Felix Diaz 4-0 (2008 Gold Medal Winner from Dominican Republic). The event is being sponsored by Claro Mobile Phone Network, Brugal Rum, and Sosua Ocean Village Residential Development.

For ticket information please contact Ticket Express at 809-563-1111 or the Sosua Bay Grand Casino at 809-571-4075. For hotel reservations at the Sosua Bay Resort, please call 809-571-4000.

Caribbean Casino and Gaming Corp. also announces Fourth Quarter earnings will be released the week of February 8th.

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.

Contact Information: CONTACT: Steven Swank 561-962-4402