Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ) announced today that the Grand Opening of its state of the art Live Video Online Gaming and Sports Wagering is set to launch on August 21st, 2010 at 4:00 PM. The company expects to multiply its revenues from the ESPN Deportes Fight Club Series significantly with sports wagers made on the event. In addition, it has forecast the Live Video Online Gaming to increase monthly revenues by as much as $250,000 per month during its implementation throughout the 52 countries it is licensed in. The state of the art technology offers customers around the world the ability to view the game and customers playing via live video while providing the comfort of knowing that they are playing at a licensed, physical location.
CEO Steven Swank stated, "After initial tests we realized we would have to increase the memory and bandwidth to maximize the customer experience and our revenues. The final equipment is delivered, the final tests are near completion and the ESPN Deportes Fight makes this is a fantastic time to launch our state of the art technology."
In addition to the highly anticipated launch of CGAQ's Live Video Online Gaming, the company has reported that the due diligence is being performed on the additional brick and mortar locations located in Santiago and Santa Domingo. Based on the outcome of the due diligence, CGAQ plans to move forward with the expansion efforts as soon as possible.
Mr. Swank continued, "The due diligence portion of the final negotiations are extremely important to the company to ensure the purchase prices reflect an increase in shareholder value. We look forward to making our way throughout the Dominican Republic as we entertain new opportunities each day."
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