Miami.– Caribbean Casino and Gaming Corp. ("the Company") has received formal notification from the Dominican National Horseracing Commission regarding the leasing of the Hippodrome V Centenario.

The Company has waited seven months for official word regarding this venture. Evidently, the delay has been caused by a survey and audit of the racetrack which, according to the letter, is still underway.

"We assume that the authorities want to know exactly what they have to lease before putting this out for bid," said CEO Steven Swank, adding, "but it's good to know why there's been a delay and to have tacit confirmation that we are still in the running."

A translation of the salient part of the letter reads: "Regarding the letter dated December 26, 2011 of the proposal to lease the V Centenario Racetrack, this commission wishes to inform you once the survey of the racetrack (including its assets and liabilities) is executed and complete, and it is understood by the Dominican State to be prudent to lease the racetrack, that we will notify you of the conditions and procedures of the public bidding."

The company is also working to reestablish its online roulette game. "The DOJ's ruling reversal is good news for us," said Swank. "We are exploring now how we might maximize the potential revenue from this change in regulation."

The Company will be well represented at the CE Totally Gaming Conference in London (January 24-26) where conference attendees will have a chance to play on the Kiosk interface.

Caribbean Casino and Gaming Corp. is the owner and operator of the Sosua Bay Grand Casino and After One 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.

The casino is now the centerpiece in the Sosua Bay Resort at Puerto Plata, Dominican Republic, the most populated Caribbean Island.