June 11, 2009 (FinancialWire) — Caribbean Casino & Gaming Corp. (OTC: CGAQ) (Current Market Cap: US$20.67 Mil.) said that live betting cameras and software will be installed over table games in the next two weeks.

A new contract is ready to be delivered, which includes patent rights for 51 countries, and 2,151 casinos. This contract will give CGAQ a multimillion dollar revenue stream that can generate income within the next 90 days.

The patents are for systems and methods for playing casino table-type games such as roulette, dice and baccarat in an interactive manner at sites remote from the actual casino table at which cameras follow the live game that is being played in strictly regulated casinos. It allows players to be able to wager as if they are in the actual casino playing at tables rather than virtual make believe or number generated casino games from studios that European operators wish to promote in the United States, when on line internet online casino gaming legislation introduced by Congressman Barney Frank becomes law, it will create huge tax benefits for local/state and federal budgets.

The patented technology that includes the use of lottery-type terminals that accept cash deposits while managing the wagering by using lottery data systems that can easily identify problematic gamblers and limit or shut down their compulsive gambling habits and also prevents underage participation when state operated lotteries become involved.

Caribbean Casino & Gaming Corp is a gaming and entertainment company that owns full gaming licenses in the Dominican Republic, including Texas Hold ‘Em.

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