SOURCE: Caribbean Casino and Gaming Corp.
MIAMI, FL–(Marketwire – December 13, 2010) – Caribbean Casino and Gaming Corp. (
The following link exemplifies CGAQ’s move forward with the recent acquisition of Casino Luperon.
CGAQ CEO, Steven Swank stated, “As we move forward, all economies of scale continue to fall into place. This acquisition will forward our ability to minimize the overhead throughout a number of divisions.”
The acquisition has continued to move CGAQ into the forefront of the entertainment industry of the Dominican Republic. Further, the purchase encompasses an exclusive for gaming and entertainment within a wealthy resort community that features more than white sand beaches, but a commute of 50 miles to the next competitive gaming location.
With a 100% occupancy rate at the hotel, 860 available rooms, a transient marina and an estimated 1400 visitors per day, Casino Luperon expects to make a landmark milestone within CGAQ’s business plan.
Mr. Swank continued, “The community resort surrounding Casino Luperon is a captive clientele. As we increase our economies of scale, we expect our profit margins to increase significantly compared to that of our original location in Sosua Bay. As we move forward with our Kiosk system, the Kiosk system link to our live video gaming and the combined exposure of all profit centers, we will emerge as a leader in the gaming industry.”
CGAQ offered a video link to describe some of the transformations it makes to a location before it places its name on a location. http://www.youtube.com/watch?v=V4wP6fZl7zU
About Caribbean Casino and Gaming Corp.:
Caribbean Casino and Gaming Corp. (
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.