MIAMI, Oct. 27, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corp. (Pink Sheets:CGAQ) is pleased to announce that the attendees of the grand opening event for the Sosua Bay Grand Casino were able to witness the real-time remote roulette gaming technology for the first time in the Dominican Republic.
Kenilworth Systems Corporation owns patents for this technology in the U.S. and fifty-one other industrialized countries, including China, Japan and Russia. Caribbean Casino and Gaming Corp. has a ten-year contract with Kenilworth Systems Corporation.
Steven Swank, Chairman and Chief Executive Officer, stated: "The demonstration of the real-time remote gaming within the Sosua Bay Grand Casino helped to show our focus of not only operating successful gaming facilities within the Caribbean, but how we plan to capture a part of what has the potential of being as much as $500 billion in total global internet wagering in the near future."
Caribbean Casino and Gaming Corp. (Pink Sheets:CGAQ) and its joint venture partner Kenilworth Systems Corporation, expect to be able to demonstrate the REMOTE REAL TIME LIVE CASINO TABLE GAME WAGERING system to the international public within 30 days from its operations within the Sosua Bay Grand Casino.
FORWARD-LOOKING STATEMENT
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Caribbean Casino and Gaming Corporation undertakes no obligation to update such statements.