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Caribbean Casino and Gaming Corp.: Caribbean Gaming and Casino Announces Revolutionary Online Texas Hold Em Gaming Deal

^{Published on 2009-05-27 09:23:03, Last Modified on 2009-05-27 09:23:44 - Market Wire}
 

MIAMI, FL--(Marketwire - May 27, 2009) - Caribbean Gaming and Casino Corp. (PINKSHEETS: [ CGAQ ]) is pleased to announce today that it has entered into a joint venture agreement with Tradewinds Broadcasting Corp. to deploy technology that allows online viewing and betting of live Texas Hold Em tournaments and permits online wagering on the live players themselves. This new technology will stream real time images of games via broadband public internet, accompanied by opportunities to wager on the outcome of individual hands, individual players and the outcome of tournaments.

Online viewers will experience the game as seen by the actual live tournament players, not as time delayed and edited with color commentary that is currently broadcast on television for entertainment purposes. "The difference is like watching a live sporting event instead of a time delayed game with a determined outcome," remarked Steven Swank, president of Caribbean Gaming and Casino Corp., owner of the Sosua Bay Grand Casino. "It is an interactive experience never offered before now. We hope to have this up and running by late 2009."

"Integration of live play and online wagering on the players themselves brings a whole new dimension to the rapidly growing number of Texas Hold Em fans," stated Allen Engebretsen, a Director of Tradewinds Media. "We are seeing the same kind of excitement as when I was setting up local pub tournaments to feed championship players in to the big tournaments such as the World Series of Poker. The potential for this technology is absolutely amazing."

Safe Harbor Disclosure:

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

For more information or investor questions, contact Nicky Coachman at 305-573-0821 or visit our website at [ http://www.caribbeangamingcorp.com ]