Caribbean Casino and Gaming Appoints CEO, Applies for New Trading Symbol

Veteran Entrepreneur and Casino Operator to Head Up Operations in Dominican Republic

| Source: Caribbean Casino and Gaming Corporation

MIAMI, Fla., March 9, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corporation, currently trading under the symbol (Pink Sheets:ALDI), announced the appointment of Steven Swank as CEO and Chairman and will appoint Armando Casciati as the other new director. The company also announced that it had filed for a new trading symbol with FINRA.

Steven Swank, a U.S. citizen, has been successfully building businesses overseas for over a decade, buying and selling companies ranging from hotels to beer distributorships and health clinics located throughout the Caribbean. Through those operations, Mr. Swank has developed very valuable relationships with key business owners, enabling him to parlay his experiences into casino and gaming. More recently, Mr. Swank purchased a rare Texas Hold Em License and has been promoting successful tournament play on the island.

Safe Harbor Disclosure:

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

For more information or investor questions, contact Nicky Coachman at 305-573-0821 or visit our website at

Caribbean Casino and Gaming