Caribbean Casino and Gaming Corp. Announces Meetings With International Boxing Federation

MIAMI, FL--(Marketwire - May 27, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) CEO Mr. Steven Swank is meeting with the President of the International Boxing Federation, top promoters, and managers for a title fight at a horse track venue in September or October. This meeting will be held June 17th and 18th in Tampa, FL; we have also invited the Dominican commissioners. We plan to televise this event to over 65,000,000 households, and we are looking to net $250,000 to $450,000 USD.

Mr. Steven Swank, CEO, stated, "This event will be one of the greatest and, without a doubt, the largest CGAQ has ever made. What better place to hold it, then on 650 acres with sitting capacity of 15,000." Mr. Swank also stated, "We are looking forward to this meeting as it will open new doors in the boxing world, not only for events but also for our signed boxers."

More details will be provided has events progress.

About Caribbean Casino and Gaming Corp:

Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino and Afterone 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.