Caribbean Casino & Gaming Corp. Confirms Intentions for Regulation A Filing and Considers Debt Funding Options to Hedge

MIAMI, FL, Apr 06 (MARKET WIRE) --
Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ), announced today its
intentions to complete a Regulation A filing and entertain Debt Funding
to hedge the potential inflationary market conditions foreseen. The
decision is based upon the funding requirements for additional expansion,
as requests to duplicate the successful business model at other locations
throughout the Dominican Republic and abroad continue, while the US
Economy continues to show inflationary risk with higher costs for
capital.

CGAQ's business model has offered near profit results for shareholders
within the first 68 days of business, the first ever ESPN Deportes Boxing
Broadcast in the Dominican Republic and continues to be the main
attraction for entertainment in Sosua Bay, DR. The business model has
created demand by other locations from Santo Domingo, DR to Suriname,
South America.

CEO Steven Swank stated, "We always entertain financing offers for
expansion, however with our shareholders in mind, we never considered
making a commitment until now. As the economy recovers, jobs increase and
the Federal Reserve dilutes the value of the dollar, it appears that
inflation could be a major factor in acquiring affordable capital in the
future. Therefore, we are in discussions to raise capital now to hedge
this risk while following through with expansion efforts which will
offset costs and continue to benefit the stockholders. Finally, any
consideration of issuing debt would certainly include the company's
ability to repay such debt in a timely fashion."

CGAQ also noted investor concerns of possible dilution of shareholders
wealth, the cost of debt overburdening the company and providing
additional marketing of its equity. Mr. Swank continued, "By utilizing a
Regulation A Filing, CGAQ will have the opportunity to increase its
economies of scale through expansion, increase its marketing budget and
create greater demand for the stock with the ability to solicit interest
in the stock to the investing public via advertising vehicles."

Caribbean Casino and Gaming Corp. will hold an investors conference on
June 25th, 2010. Immediately following the conference, a complimentary
dinner with DeCuba Presents and the Boxers will be held at the Sosua Bay
Resort.

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.

Caribbean Casino and Gaming Corp
Tyler Cornell
Investor Relations
Email Contact
631-765-8762

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