Caribbean Gaming Announces Opening of 2nd Casino in the Dominican Republic

Sosua Bay Grand Casino to Open Doors August 1st; Becomes Company's Second Full Gaming Casino in Sosua Bay, DR


MIAMI, May 18, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corporation (Pink Sheets:CGAQ), today is pleased to announce the Grand Opening of our wholly owned subsidiary, the new Sosua Bay Grand Casino.

Our beautiful luxury casino is set to open August 1st 2009. The Sosua Bay Hotel and Casino is complete with a top notch casino, world class gym and spa, state of the art convention center and full scale discotheque. This casino represents a totally new building just a stones throw from the lobby of a beautiful 250 room luxury hotel. We plan to supply our guests with all the amenities of a large scale casino hotel and the beauty of the Caribbean.

President and CEO Steven Swank commented, "It goes without saying this is a very exciting time for CGAQ. We have constructed what I believe will be one of the nicest casinos in the Caribbean. The grand ball room will host international superstars for your entertainment. We have large scale plans that we feel will immediately put our casino on the map, I look forward to informing investors as further events unfold."

For more information on our projects we encourage investors to visit our company site at http://www.caribbeangamingcorp.com. We also encourage investors to visit our casino / hotel site at http://www.sosuabaygrandcasino.com.

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 www.caribbeangamingcorp.com

This news release was distributed by GlobeNewswire, www.globenewswire.com


            

Contact Data