Caribbean Casino and Gaming Corp. Announces Its One Year Anniversary Party Week With Live Entertainment by Zacarias Ferreira

MIAMI, FL–(Marketwire – October 12, 2010) –  Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) announced today they will host their first year anniversary party week starting October 24, 2010 through October 31, 2010. The event will include Latino Entertainer Zacarias Ferreira and is expected to be another sell out event. 

CEO, Steven Swank stated, “After less than 365 days of business, we sure have our plates full with opportunity and accomplishment. This is a monumental week for us as we continually have shown a profit, outside of tax deductions, during our first year. We continue to build the company, its relationships and ventures within a period of time that most companies can’t get out of the starting gate.”

In addition to the weeklong festivities marking CGAQ’s first year anniversary, the Sosua Bay Grand Casino location will be hosting an offering of numerous gifts to customers playing each night. The gifts include a brand new motor cycle.

Mr. Swank continued, “It just adds to the excitement of our event. All the prizes, the motorcycle and the fun to be had by all is well worth our saying thank you to the customers who have helped us grow so rapidly. We would also like to extend the invitation to all interested investors, as they have provided the very foundation that has helped us build so quickly.”

For tickets and additional information, please call 1.809.571.4075.

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.

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