Caribbean Casino and Gaming Corp. Announces Gamebase (R) Models and Price Range

MIAMI, FL--(Marketwire - March 14, 2011) -  Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). Gamebase ® gets different new looks, models with different designs, hardware, accessories and applications will be made depending on where and what use will be given to the unit. Models range from a Basic version for lottery betting stands, to a fully loaded version for casinos with a much more elaborate finish and a more esthetic look. The prices for these units range from USD$2,995.00 for the basic, up to USD$9,995.00 for the fully loaded casino version. The model will be built for the needs of each buyer, upgrades in applications and accessories such as bigger screen, credit card acceptor, processor speed, speakers, outer shell, live dealer games, slots, lottery sales and many other features will be available. With this any company purchasing the Gamebase ® for their business will be able to adapt it to the needs they have, and at a price they can afford.

The unit you see in the picture is one of the 4 new designs for the Gamebase ®, more bells and whistles and chromed finish are also available for high end operations such as casinos. 

Mr. Swank CEO stated, "With the Gamebase ® companies only have to tell us what accessories and features they need and the units will be built to fit their budget, it's like getting a tailor made suit."

CGAQ and joint venture partner Global Gaming Labs, S.A. (GGL) plan to deliver what no other company in the market can offer with the Gamebase ®, a fully functional betting station made for the needs and budget of the company.

About Caribbean Casino and Gaming Corp:

Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino, Afterone Disco, the Luperon Bay Casino and Galactica Disco. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment, including live betting 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 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:

Any questions please contact
Roberto Cabrera
Investor Relations
R_cabrera_1999@yahoo.com