Caribbean Casino and Gaming Corp. Unveils Live Video Gaming and New Sports Book Internet Site at www.SBCGAMING.com

Press Release Source: Caribbean Casino and Gaming Corp. On Tuesday June 8, 2010, 8:00 am EDT
MIAMI, FL--(Marketwire - 06/08/10) - Caribbean Casino and Gaming Corp. (Pinksheets:CGAQ - News) announced today it has unveiled its Live Gaming and Sports Book Internet Site for public viewing at www.SBCGAMING.com, User Name: Sosuak, Password: Sosuak. It is illegal for US Citizens to participate in any type of online wagering or transfer funds for gambling in any manner including credit cards. However, CGAQ has licenses in place for countries around the world that allow online gambling. CGAQ further announced the site should be ready for its full launch at the end of June and is expected to generate over $250,000 a month in revenue.

CEO Steven Swank stated, "We have reached another milestone for CGAQ in record time. Further, we thank the thousands of play money customers who have tested the site, provided feedback and continued to build our loyal consumer base."

CGAQ affirmed the site was ready to go with live money transactions and is only waiting upon a computer upgrade that will warrant additional traffic to the internet site upon its launch. The equipment is in the delivery process and will only take 10 days to install upon release from customs.

Mr. Swank continued, "The live video gaming has provided consumers from around the world with confidence. They no longer have to wonder if a computer system has a pre-programmed system for profits, as they view and play with customers at the casino in Real Time."

CGAQ went on to mention the evolution of the program has lead to further expansion. Initially set only for Roulette, the service will include games such as:

Pai Gow Poker
Poker Black Jack
Spanish Black Jack
Three Card Poker
Caribbean Stud Poker
The Sports Betting Wagers will commence with:

Boxing
Horse Racing
Football
CGAQ expects to include all sports shortly after the launch of the site. Mr. Swank went further to say, "As we ramp up operations for our second location, continue negotiations with our third location and build up our live video gaming and sports book, we expect to be the leader of gaming within the Caribbean this year, which opens up more doors for further opportunity with lower costs."

About Caribbean Casino and Gaming Corp.:

Caribbean Casino and Gaming Corp. (Pinksheets:CGAQ - News) 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.