Caribbean Casino & Gaming Corp Finalizes Online "Live" Wagering

Caribbean Casino & Gaming Corporation (Pink Sheets:CGAQ) is pleased to announce that live betting cameras and software will be installed over table games in the next two weeks.

A new contract is ready to be delivered, which includes patent rights for 51 countries, and 2,151 casinos. This contract will give CGAQ a multimillion dollar revenue stream that can generate income within the next 90 days.

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 on line 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 that 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.

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,=2 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 u undertakes no obligation to update such statements.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Caribbean Casino and Gaming Corporation

Caribbean Casino and Gaming Corporation
         Nicky Coachman 
         305-573-0821

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