| From: jmhollen | 12/27/2010 4:23:56 PM | | | | | | CGAQ (PINKSHEETS: CGAQ) announced today its grand opening of the Galactic Night Club ensured success and is an asset to the new Casino Luperon location. The acquisition company has moved with certainty and its ability to project the great locations for its business model. Further, utilizing the same business model that consists of the local crowd supporting the day to day operating cash flow while the tourists create a bonus to its profitability, the location promises to be the exclusive entertainment and gaming company within a 40 mile radius. CGAQ has recently paved a new street entrance to its location to save local clients from the pre-existing, unlighted road and the additional mile of driving.
CGAQ Investor Relations Representative Tyler Cornell stated, "After personally visiting the location, it has well exceeded my expectations. Considering its beach front location, high class resort, high per capita tourist clientele, new street and it being the only entertainment within 40 miles, Mr. Swank has created another winning venture for investors. Further, the Galactic Night Club was overflowing with customers."
Due to inclement weather conditions, the casino's grand opening has been delayed shortly as its ceiling construction is a detailed process which could not be disturbed during the recent rain storms that were prevailing throughout the final week of renovations.
CEO Steven Swank stated, "As the Galactic night club filters in the crowds of customers from the respective community, CGAQ expects the gross margins of its new casino location to surpass that of its original location, the Sosua Bay Grand Casino. Although the weather has slightly delayed the renovations, we are looking forward to the final steps for completion and the Grand Opening to be held shortly thereafter. In between, the excitement of our future customers and the exposure to them is growing swiftly as they attend the night club."
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.
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| From: jmhollen | 2/2/2011 4:01:53 PM | | | | | | Caribbean Casino and Gaming Corp. Announces Big Negotiations in Process
Caribbean Casino & G (USOTC:CGAQ)
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Today : Wednesday 2 February 2011
Click Here for more Caribbean Casino & G Charts.
Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) -- A group of VIPs will fly to Costa Rica to discuss all aspects for the Kiosk program. Mr. Swank has gathered a group of people that will visit the software developing operation for the Kiosks in Costa Rica; they will discuss the best way to distribute this ground braking technology and how to make it global. This meeting will open the possibility for the company to enter the global gaming industry.
Mr. Swank, CEO, stated, "This technology is something that can be placed anywhere that gambling is legal, it can be setup in any language or place in the world." As for the group going to visit Costa Rica he also stated, "These people have been in the gaming industry for years. Their point of view and knowledge on strategic ways to distribute the Kiosks around the world is something that is invaluable."
The 24 hour 7 days a week slot parlor that will be CGAQ's 3rd operation in the Dominican Republic, in the city of Puerto Plata, is starting construction and it's scheduled to start operating very soon. Also the Luperon Bay Casino has been tweaked in order to lower over head and increase significantly all profits. The Sousa Bay Grand Casino has seen an increase of 25% the amount of players; this has had a very positive impact on revenues.
On this matter Mr. Swank stated, "I am very happy to see the company grow this way, we are working very hard to make our goal in CGAQ (becoming the leading gaming and entertainment company in the Caribbean) a reality." Mr. Swank also stated, "Selling stock does not help the company or investors; buying stock enables the company to build the base so we all make money in the near future. We are on track to make this happen."
More progress reports on all the topics will be posted as they progress; CGAQ is making all necessary changes in the company in order to boost revenues and meet all goals in the near future.
About Caribbean Casino and Gaming Corp.:
Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino, Afterone Disco, the Luperon Bay Casino and Galactica Disco. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment, including live betting 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 most populated Caribbean Island.
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