Caribbean Casino and Gaming Corp. Expands Upon Its Leadership of Sporting Events to Include Professional Wrestling as a Joint Venture With Coast to…

MIAMI, FL–(Marketwire – August 24, 2010) –  Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) announced today that the company will leverage their ability to promote sporting events worldwide, as they have with last weekend’s ESPN Deportes Boxing Match broadcast in 18 countries, by expanding into the Professional Wrestling Arena. A joint venture with Coast to Coast Consulting and Promotions will lead the effort to penetrate the Dominican Republic, continue CGAQ’s Branding Campaign and build additional clients for their ensemble of gaming.

CEO Steven Swank stated, “Working with the Coast to Coast Consulting and Promotions offers us a new arena to promote our live video online gaming and casino to the world. After such a successful boxing series, we continue to move forward as the leader in sports entertainment.”

CGAQ recently held its Fight Club Series which was broadcast to 18 countries throughout the world via ESPN Deportes. The event increased revenues, exposure and promotion for its online gaming division. Adding to the venue of events, CGAQ expects to increase its economies of scale and relationships within the entertainment industry, while opening up the Dominican Republic to the world of professional wrestling. 

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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