MIAMI, July 1, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corp. (Pink Sheets:CGAQ) announces positive report by Stockreads.com.
http://stockreads.com/Stock-Newsletter-Search.aspx?q=cgaq
The company is set for the grand opening of their flagship casino at Sosua Bay in the Dominican Republic. Additionally, the company recently announced the start of a comprehensive advertising campaign and the creation of their own paper. Caribbean Casino and Gaming Corp. believes these efforts will have a dramatic impact on foot traffic at the casino.CGAQ shareholders can look forward to more news on the deal recently announced with Kenilworth Systems. The company estimates the agreement could be worth as much as $2.5 billion during the term of the contract. The report confirms that that these developments have helped cause the stock price to increase in recent trading. Based on continued analysis, Stockreads.com believes the trend for CGAQ is for further gains.
In their reporting, Stockreads.com believes CGAQ could be the next Las Vegas Sands or Wynn Resorts. If CGAQ does as well as expected, the stock should trade north of $2.00 in the future. These are big potential gains for Stockreads.com members.
"Our shareholders appreciate the wonderful review from Stockreads.com," said Steven Swank, CGAQ Chairman and CEO. "The Sosua Bay Grand Casino will be a first-class destination for the world poker tournaments and other events."
About Caribbean Casino and Gaming Corp.
Caribbean Casino and Gaming Corp., trading under CGAQ, is a gaming and entertainment company that owns and will operate the Grand Casino at the beautiful Sousa Bay Resort in Dominican Republic. The Sosua Bay Grand Casino adjoins a 250-room hotel which will include a convention center, a disco, four restaurants, three pools, a large spa and a vastly expanded casino to accommodate Caribbean Stud Poker, Texas hold 'em and other table games. Texas hold 'em tournaments will be operated by CGAQ throughout the Caribbean Islands.
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.