Caribbean Casino and Gaming Corporation Update from the CEO

• Press Release
• Source: Caribbean Casino and Gaming Corporations (CGAQ)
• On 2:17 pm EDT, Wednesday September 30, 2009

MIAMI, FL, Sept. 30 /PRNewswire-FirstCall/ - The CEO of the Caribbean Casino and Gaming Corp (CGAQ.PK) is pleased to announce that construction is still on schedule.

Steven Swank, Chairman and Chief Executive Officer stated: "We are excited to report that the Sosua Bay Grand Casino is still on schedule for the grand opening event on October 24th, 2009. We continue to maintain the project has been within budget, will have no debt upon opening with sufficient operating capital. The carpeting has been installed as well as the spectacular lighting system. The table games are being delivered today with the slot machines on schedule for delivery to the Dominican Republic next week. Security cameras are being installed on Sunday. We are extremely excited about the progress and look forward to sharing an amazing event with our select VIP's and share holders.

The casino is scheduled to open with a VIP party and concert event on Saturday, October 24th and plans and being the premier gaming destination in the area. Rubby Perez, the famous Dominican songwriter and producer, will perform that night. More than a thousand people were invited for the event, including many VIP's and local personalities.

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.

    Enrique A. Kogan,
    (305) 381-1655;
    Steven Swank in US
    (941) 209-8600 or Dom Rep 1-809-571-4075,
    1-809-307-0180

Buzz up!