Caribbean Casino and Gaming Corp. Secures Its Second Casino Location With Final Contract Signing Set for October 4th

MIAMI, FL–(Marketwire – October 1, 2010) –  Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) announced today their due diligence and negotiation for the second casino location is completed with the final contract signing set for October 4^th. Renovations of the location will be completed during the following 3 weeks with a November 2010 Grand Opening expected. The location features waterfront views in its exclusive location matched with an 890 room hotel in a self contained resort community. 

CEO Steven Swank stated, “The due diligence is done and we are proud to add our second physical location in the Dominican Republic as we expand our presence on the Internet.” 

The new location provides great exposure to an international clientele of tourists. It allows CGAQ the opportunity for each customer to experience the level of service they provide to the gaming industry, while promoting its Live Video Gaming Site. CGAQ hopes to make each of the tourist long term clients via its Internet Site.

Mr. Swank continued, “This location affords us the ability to service tourists from around the world who we expect to become long term clients on our Live Video Gaming site. As we continue to penetrate the Dominican Republic market with physical locations, we expand our long term clientele with our web site.”

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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