MIAMI, Dec. 11, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corp. (Pink Sheets:CGAQ), has been awarded the sole license to conduct real-time online betting by the Casino Commission of the Dominican Republic.
This license will allow Caribbean Casino and Gaming Corp to operate real-time betting under the jurisdiction of the Dominican Republic from its tables within the Sosua Bay Grand Casino, and any future location, for any games it operates including; but not limited to, Roulette, Black Jack, and Poker. This is the only license of its kind that has been issued by the Dominican Republic.
Steven Swank, CEO, states: "We are pleased that the Dominican Republic understood our vision and is allowing us to move forward with our online real-time betting system in partnership with Kenilworth Systems Corporation. This is a tremendous step forward for us to open up our business internationally."
About Caribbean Casino and Gaming Corp:
Caribbean Casino and Gaming Corp (Pink Sheets: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 of 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.