Caribbean Casino and Gaming Corp. Commences Charity Events Campaign

MIAMI, FL--(Marketwire - May 7, 2010) - Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) announced today, that its Sosua Bay Grand Casino Location has initiated its charity campaign and will hold its first event on June 17, 2010. CEO Steven Swank stated, "Most all Charities have a Casino Night fund raiser, but I don't see many casinos bringing the Casino Night to the Charities. Famous cities have been built upon casinos, it is important to take care of the people and city we work within." 

The campaign will offer charity organizations the opportunity to hold their Casino Night fund raising events at the Sosua Bay Grand Casino for free. The casino will use play money chips, be staffed based upon the number of reservations the charity has and offer training to inexperienced players. Each event will be held 2 hours previous to the casino opening. The events can then be extended with real money play upon formal operating hours. 

Mr. Swank continued, "The Dominican Republic is a growing nation and appears to be a safe haven for people to move to as the credit crisis continues its domino effect and taxes increase throughout other countries. We want to help build upon the foundation of this country's continued improvements by helping with charity events."

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