Caribbean Casino and Gaming Corp. Continues Its Growth
MIAMI, FL--(Marketwire - February 19, 2010) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) has completed its financials for its first fiscal quarter of
operations and has earned a gross profit of $233,112(US) from gaming
operations during the 68 days since the grand opening. The company remains
debt free and the financials will be posted on Tuesday, February 23, 2010
for the quarter ending Dec 31, 2010.
CGAQ's CEO, Mr. Swank, stated, "We are excited about the growth of the
company and continue to invest in its growth. We have added an additional
$150,000(US) to our Dominican Republic operating capital, are preparing for
our internationally televised boxing event on March 12, 2010 broadcast by
ESPN Deportes and finalizing the infrastructure of the real-time remote
gaming within the Sosua Bay Grand. Further, our Live Sports Wagering
system will be available for the Boxing Event and thereafter."
CGAQ and De Cuba Presents held a press conference on location within the
Sosua Bay Casino yesterday. The conference included both print and
television stations including ESPN Deportes. Mr. Swank added, "The success
of the press conference will increase the event's exposure, demand for
ticket sales and our casino clientele. All event contracts are in order
and we are extremely pleased with the media's participation in helping
promote this great competition along with our own advertising campaigns."
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.