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Thursday, June 9, 2011

Buy Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) ?

Caribbean Casino and Gaming Corp. Progress Report






MIAMI, FL--(Marketwire - Jun 8, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). The survey of the racing venue is in the final stages, and should be finished in the next couple of days. Mr. Swank has set up a meeting to be held in Florida, on the 17th and 18th of June. Present will be the President and Vice-President of the horse racing commission and the International Boxing Federation officials. The main goal of this meeting is to discuss all aspects of the acquisition and finalize the details of a World Title match to be held around September or October of this year. The horse racing commission president has clearly stated that CGAQ's plans for the horse track are exactly what it needs. Boxing is one of the many events that the company plans, due to the capacity and location, many other events like wrestling and concerts are being considered.



Meetings with government officials have taken place for the software deal; CGAQ's CEO Mr. Steven Swank has had very positive feedback from the officials in regards to this transaction. Due to the technicality, and other delicate aspects, the details of this project can't be published until a contract is signed. CGAQ is moving forward with its kiosk project, Puerto Plata slot parlor has been open for seven days, lottery sales locations are near completion, and all other projects are still in the working stages or have been completed. updates to be given on a weekly or bi weekly basis.



Mr. Steven Swank, CEO, commented, "These deals are very important for the company, we will not put in jeopardy the future of the company by rushing things. We know what we have to do. I have confidence in the company, and we are doing everything in our power to assure that all projects are completed legally and in a proper time frame."



The main goal for CGAQ has been to become the leading gaming and Entertainment Company in the Caribbean, and these projects will assist in this effort. We ask investors to wait on official news, and trust their investment judgment. More progress reports will be posted as events occur.



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 Republ ic, 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
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