Caribbean Casino and Gaming Corp. Continues Its Growth
Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) has completed its financials for its first fiscal quarter of operations and has earned a gross profit of $233,112(US) from gaming operations during the 68 days since the grand opening. The company remains debt free and the financials will be posted on Tuesday, February 23, 2010 for the quarter ending Dec 31, 2010.
CGAQ's CEO, Mr. Swank, stated, "We are excited about the growth of the company and continue to invest in its growth. We have added an additional $150,000(US) to our Dominican Republic operating capital, are preparing for our internationally televised boxing event on March 12, 2010 broadcast by ESPN Deportes and finalizing the infrastructure of the real-time remote gaming within the Sosua Bay Grand. Further, our Live Sports Wagering system will be available for the Boxing Event and thereafter."
CGAQ and De Cuba Presents held a press conference on location within the Sosua Bay Casino yesterday. The conference included both print and television stations including ESPN Deportes. Mr. Swank added, "The success of the press conference will increase the event's exposure, demand for ticket sales and our casino clientele. All event contracts are in order and we are extremely pleased with the media's participation in helping promote this great competition along with our own advertising campaigns."
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.
