Caribbean Casino and Gaming Corp Reaches 18 Countries and a Grand Audience With Its Successful ESPN Deportes Boxing Match and Launch of Live Video…

SOURCE: Caribbean Casino and Gaming Corp

MIAMI, FL–(Marketwire – August 24, 2010) – Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) announced today that its Fight Club Boxing Series broadcast to 18
countries, including the United States, was a Grand Event. The match,
featuring undefeated Felix Diaz, brought the crowd to its feet with each
blow. The international exposure the boxing match gained for CGAQ offered
a fantastic launch of its online gaming system around the world for
countries legally able to participate, as the wagering systems are
continued to be built upon for each country in a legal manner.

CEO Steven Swank stated, “The fight was an incredible success. Having ESPN
Deportes broadcast it around the world made our name known as we build
momentum with our live online gaming.”

CGAQ recently retained Catania Gaming Consultants from Atlantic City as the
New Jersey Senate and US Senate move forward with online gaming laws in
legislation. Further, the company recently completed the computer system
upgrades for its live video online gaming and division. The upgrades now
allow for more customers to participate while minimizing the chance of
bandwidth problems allowing each live video round of roulette to be
broadcast in real time. It is CGAQ’s goal to ensure the highest standard
of online gaming while providing unquestionable integrity for its
customers.

Mr. Swank continued, “Launching the site to legal participating citizens
throughout the world has taken longer than expected, however we are in this
for the long run and wanted to ensure the best service available. We look
forward to the launch of our marketing campaigns depicting the differences
and integrity of our live video gaming broadcast from Sosua Bay Grand
Casino.”

Home Video Camera highlights of the fight have been up loaded while CGAQ
awaits the formal broadcast version and can be found at the CGAQ Facebook
Group at the following link:

http://www.facebook.com/group.php?gid=130413013645240

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.

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