| 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
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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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| From: jmhollen | 4/15/2011 12:27:25 PM | | | | | | Caribbean Casino and Gaming Corp. Submits Formal Proposals to Government Officials
MIAMI, FL -- (Marketwire) -- 04/08/11 -- Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). Thursday morning the company submitted all documents and formal proposals to government officials of the Dominican Republic. As per various state officials and their respective departments, CGAQ has submitted all documentation and proposals in order for them to be revised and investigated by these entities. After weeks of negotiations, meetings and careful follow ups, the company has fulfilled all requirements that the government of the Dominican Republic has asked for the formalization of all processes.
On this matter Mr. Steven Swank, CEO, stated, "Dealing with a government is not easy, you have to meet certain standards, provide detailed information about the company, financial credibility, have the knowhow and many other legal documents and they must perform background checks on all company executives." Mr. Swank also stated, "We spent days and days carefully elaborating detailed and proper documentation on the company and the business plan, now it's the government officials and their investigative departments to revise this and make a decision as to what is the next step."
Government officials have stated that this investigation period that started today has a time table that is no more than two (2) weeks. The business plan and all company information that was provided will be the main target of the investigations.
Mr. Swank stated, "We gave them what they asked, we did a very good job putting it all together, now we must wait for them to notify us."
We at CGAQ strongly advise all investors to wait on official information and trust your investor decisions.
Progress reports will be posted as new developments come.
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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