Completion of the New Casino ahead of Schedule

MIAMI, July 6 /PRNewswire-FirstCall/ - Caribbean Casino and Gaming
Corporations (CGAQ) Chairman and Chief Executive Officer Steven Swank stated,
"The new casino is ahead of schedule, and will finish within our budget range,
even though we have added some very expensive details to make the experience
more exciting." "Being ahead of schedule will enable us to better prepare for
the opening gala, and worldwide announcement", Mr. Swank added.
In the northern coast of the Dominican Republic, The Sosua Bay Grand Casino is
scheduled to open October 1st and will add new excitement to the vibrate life
of the beautiful resort City of Sosua in the Dominican Republic.
Sosua is only 10 minutes away from Puerto Plata's International "Gregorio
Luperon" Airport. Modern day Sosua is a quaint resort steeped in history with
a mixture of different cultures whose roots are still evident in the Jewish
community which includes members of the original refugee families, a synagogue
and museum. The Jewish temple and museum are attractions for Jewish and
tourists of all denominations, and for couples wishing to be wed in the
Dominican Republic. The new Sosua Bay Grand Casino is within walking distance
to the Museum.

About Carribean Casino and Gaming Corp.

Caribbean Casino and Gaming Corp. trading under CGAQ, is a gaming and
entertainment company that owns and will operate the Grand Casino at the
beautiful Sousa Bay Resort in Dominican Republic. The Sosua Bay Grand Casino
adjoins a 250-room hotel which will include a convention center, a disco, four
restaurants, three pools, a large spa and a vastly expanded casino to
accommodate Caribbean Stud Poker, Texas hold 'em and other table games. Texas
hold 'em tournaments will be operated by CGAQ throughout the Caribbean
Islands.

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.

SOURCE Caribbean Casino and Gaming Corporations (CGAQ)

Enrique A. Kogan at (305) 381-1655 or enriquekogan@gmail.com