Caribbean Casino and Gaming Completes Online "Live" Wagering Package in Major Deal With Kenilworth Systems Corporation

MIAMI, FL, Jun 12 (MARKET WIRE) --
Caribbean Casino and Gaming Corporation (PINKSHEETS: CGAQ) is pleased to
announce that it has entered into a six (6) month online Test Simulcast
Broadcast Agreement with Kenilworth Systems Corporation.

Caribbean Casino and Gaming is a gaming and entertainment company that
owns full gaming licenses in the Dominican Republic, including Texas Hold
Em, and will operate the Grand Casino at Sousa Bay Resort in Puerto Plata,
Dominican Republic, its second casino in the region. Caribbean recently
signed an exclusive Agreement with Trade Broadcasting Corp to offer Texas
Hold Em Tournaments throughout the Caribbean Islands. Caribbean plans to
relocate the smaller Grand Casino to an adjoining 250 room hotel that will
include a disco, four (4) restaurants, three (3) pools and a vastly
expanded casino to accommodate Caribbean Stud Poker and Texas Hold Em
tournaments. Kenilworth will complete the test before the Grand Casino is
relocated.

Kenilworth owns patents filed in the U.S. and in fifty-one (51)
industrialized countries including China, Japan and Russia in which are
located 2,151 casinos. The patents are for systems and methods for playing
casino table-type games such as roulette, dice and baccarat in an
interactive manner at sites remote from the actual casino table at which
cameras follow the live game that is being played in strictly regulated
casinos. It allows players to be able to wager as if they are in the
actual casino playing at tables rather than virtual make believe or number
generated casino games from studios that European operators wish to
promote in the United States, when online internet online casino gaming
legislation introduced by Congressman Barney Frank becomes law, it will
create huge tax benefits for local/state and federal budgets.

The patented technology includes the use of lottery-type terminals that
accept cash deposits while managing the wagering by using lottery data
systems that can easily identify problematic gamblers and limit or shut
down their compulsive gambling habits and also prevents underage
participation when state operated lotteries become involved.

Herbert Lindo, Chairman and Chief Executive Officer, stated: "Simulcasts
of remote casino table games to homes, cell phones, public gathering
places such as cafes, hotels, resorts, horse race tracks and selected
restaurants and bars is the direction of the future."

Lindo further stated: "Denmark, Sweden, Poland, Switzerland and France
have either passed or are preparing legislation permitting only remote
live games from their own casinos with the same tax benefits, halting
virtual wagering and number generated games along with studio games. The
reason we are developing the software and the required equipment is to
market the live game broadcast technology together with licensing our
patents."

As part of the Test Agreement, among other considerations, Kenilworth will
pay one half of one percent (.05%) for a period of ten (10) years, from
the net, net win earnings from an estimated undisputed annual $500 billion
worldwide market in the not too distant future (up to $2.5 billion
annually). Kenilworth's software and technical personnel will assist
Caribbean, if needed, to complete the Texas Hold Em tournament broadcast
system.

ABOUT CARIBBEAN CASINO

Caribbean Casino & Gaming Corp is a gaming and entertainment company that
owns full gaming licenses in the Dominican Republic, including Texas Hold
Em. It will operate the Grand Casino at Sousa Bay Resort in Puerto Plata.

For more information or investor questions, contact Nicky Coachman at
305-573-0821 or visit our website at http://www.caribbeangamingcorp.com.

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 as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-Q and other
filings made by the Company with the Securities and Exchange Commission.
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 Kenilworth undertakes no obligation to update such
statements.

Nicky Coachman
305-573-0821
http://www.caribbeangamingcorp.com

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