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Non-Tech : CGAQ - Caribbean Casino and Gaming Corp.

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From: jmhollen10/29/2010 10:00:52 PM
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About CGAQ: Caribbean Casino and Gaming Corp (CGAQ) is focused on becoming the leading gaming and entertainment company in the Caribbean. Poised on maximizing upon the tremendous growth throughout the region, CGAQ has launched its first project in Puerto Plata, Dominican Republic.

The Dominican Republic, once a distant second fiddle to such Caribbean destinations as St. Thomas and Anguilla, has confidently stepped into the spotlight thanks to an impressive crop of luxury resort developments, 21 golf courses (including designer courses by Dye, Nicklaus, and Palmer), and attention from celebrities, politicos, and style icons. Now the economy is red hot, growing around 10 percent a year. With competition for foreign investors increasing, the Dominican Republic enjoys two advantages: low prices and large tracts of undeveloped land, something its smaller Caribbean neighbors typically lack.

Recently, the country has attracted large investments from tycoons such as Donald Trump, who is pouring more than $1 billion into resort and residence development on the island. In May, Donald Trump sold a whopping $368 million worth of lots in only 4 hours, part of a gigantic development called Cap Cana on the Dominican Republic's eastern tip. Built in partnership with a Dominican company called the Abrisa Group, Cap Cana will eventually cover 30,000 acres. It will feature luxury hotels, a huge marina with slips for mega-yachts, condos, luxury mansions and several golf courses designed by Jack Nicklaus. The project is cementing the Dominican Republic's entry into the high-end market, while creating thousands of jobs for Dominicans.

CGAQ's management team, after 5 years of researching the area, is confident they have found the jewel of the Caribbean offering the finest beaches, crystal clear Caribbean water and endless options for activities and adventures. Sosua, Puerto Plata is the Acapulco of the Dominican Republic and where you could say tourism first began back in the 70s and 80s. The first project is a casino servicing the patron's of the Sosua Bay Resort; a four star waterfront resort with 250 room and 4 restaurants, 3 pools, and steps to one of the country's most popular destinations; Sosua beach.

CGAQ's Sosua Bay Grand Casino is a 3 story entertainment complex overlooking the Sosua Bay Resort, beach, and Sosua bay. The 36,000 square foot building houses the brand new Sosua Bay Grand Casino, a nightclub, convention center, spa and fitness center. This is the premier location within Sosua as the main roads in the city lead you to the front door of the Casino. It’s within walking distance of local restaurants and businesses including the extremely popular Sosua beach. The location offers a tremendous advantage over the closest competitive casino within Sosua, primarily because it is located within walking distance of the main tourist areas of Sosua, and virtually all traffic must pass its building.
CGAQ continues to keep focus on big picture opportunities and maintaining its growth and expansion not only in the Dominican Republic, but throughout the Caribbean.

Mr. Swank has been conducting business operations within Dominican Republic since 2003 which included the ownership of a hotel in Sosua, Puerto Plata and operation of Texas Hold-em poker tables through his company World Poker Tour S.A. which has been acquired by the Company.
His background includes nearly 40 years of entrepreneurial ventures ranging from real estate development, restaurant/nightclub ownership, introducing new building technology to Poland and Russia, operating a private label beer manufacturer that exported it's product to South and Central America and was the fastest growing beer in Brazil, and a small cigar rolling operation.
Steven has been successful operating the mini casino within the Sosua Bay Resort and will be responsible for overseeing the day to day operations of the Sosua Bay Grand Casino.
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