MIAMI, Nov. 27, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corp. (Pink Sheets:CGAQ) is presently in negotiations with DeCubas Presents, LLC to promote world class boxing in the Dominican Republic at the Sosua Bay Grand Casino. The shows would be broadcast in tape delay to over 190 million households in the United States and Europe.
Steven Swank, Chairman and Chief Executive Officer, stated: "Every 3 months we would have a new ticket, new fighters, and the best Dominican and International fighters available. The impact would be tremendous for the city and the Sosua Bay Grand Casino. All matches would be held at the event center on the second floor of the casino. International events will add incredible traffic and bring personalities that might not normally visit our area."
DeCubas Presents, LLC is a nationally known boxing promotional company that stages major professional boxing events throughout the U.S. and around the world. DeCubas Presents was founded by Dan Wise, Roberto Duran, and Luis DeCubas and is managed by Luis and Rick DeCubas. DeCubas Presents currently has 17 fighters under contract which include former Olympians and amateur champions.
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.