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Caribbean Casino and Gaming Corp have completed negotiations to launch its casino brand into a second Caribbean location, following the tremendous growth of its Puerto Plata, Dominican Republic location.
The Sosua Bay Grand Casino opened less than a year ago and has quickly become a popular destination offering premier boxing events and live betting over the internet.
The company was able to negotiate a final purchase price for its future casino in Santiago, Dominican Republic at a 65% discount through a liquidation sale.
CEO Steven Swank stated, “The casino has minimal improvements needed and will be expedited extremely quickly. The staffing is in place and upon 4 weeks of operations we will hold our grand opening.”
“Making a purchase like this at such a discount affords a greater ability for growth in a shorter period of time. We are extremely happy and expect the deal to close in the next few weeks.” Swank continued.
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