Sosua Bay Grand Casino's Premier Boxing Event on ESPN Deportes: a Huge Success

MIAMI, FL--(Marketwire - March 16, 2010) -  Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) announces the premier boxing event that was broadcast live on ESPN Deportes in the Event Center in the Sosua Bay Grand Casino was an overwhelming success with highlights picked up on ESPN (US) . CEO Steven Swank stated, "We could not be any more pleased by the turnout and interest this has brought to the Sosua Bay Grand Casino. Local visitors and tourists packed the Event Center and casino floor to enjoy tremendous fights with non-stop action. We look forward to continuing this momentum in hopes of becoming a premier destination for sporting events and entertainment. We would like to thank everyone who made it possible including ESPN Deportes, DeCubas Presents, LLC and Roberto Duran for attending and giving our guests the chance to meet one of the greatest pound-for-pound fighters of all time and show why he is a true champion inside and outside of the ring." 

As reported by FightingNews.com, "Former middleweight title challenger Giovanni 'Chico Malo' Lorenzo (28-2, 20 KOs) returned on Friday night for the first time since dropping a split decision to Sebastian Sylvester in an IBF title clash last September. Lorenzo knocked out Wilmer Gonzalez (17-9-1, 11 KOs) in round two of a bout held at the Sosua Bay Grand Casino in Puerto Plata, Dominican Republic. Also victorious were 2008 Olympic gold medalist Felix Diaz (5-0, 3 KOs), who outpointed Orlando Membreno (11-13-1) over six, and super middleweight Julius Jackson (5-0, 5 KOs), who won when opponent Frank Mola (3-1, 1 KO) didn't come out for round four. Jackson is the son of former world champion and ring great Julian Jackson." 

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:
Caribbean Casino and Gaming Corp
Tyler Cornell
Investor Relations

631-765-8762