MINNEAPOLIS--(BUSINESS WIRE)--Southwest Casino Corporation (OTCBB:SWCC) announced today that it has entered into a consulting agreement to work with Palace Resorts in developing and opening a casino at the Moon Palace Casino, Golf and Spa Resort, now under construction in Punta Cana on the easternmost tip of the Dominican Republic. Under the consulting agreement, Southwest will immediately begin assisting Palace Resorts in all phases of design, game selection, training and equipping the casino that will be part of the 1,700-room resort that is scheduled to open in 2008. Palace Resorts is a leader in providing world-class resort vacations at all-inclusive properties throughout Cancún, the Riviera Maya, Nuevo Vallarta, Cozumel and soon, Punta Cana, Dominican Republic.
“We are proud to work with Palace Resorts and assist them in developing a signature quality, large scale casino at the Moon Palace Resort in Punta Cana,” said James Druck, CEO of Southwest Casino. “The Moon Palace casino will set a new standard for diversity of games, design, friendliness, customer service and player satisfaction. We are excited to be affiliated with Palace Resorts and the Chapur family, the premier developer of all-inclusive resorts in the Yucatan and now the Caribbean.”
Rodrigo Chapur, Director of New Projects for Palace Resorts, said, “We are pleased to have a company like Southwest Casino that is willing to commit its time and talent to developing our first major casino enterprise.”
About Southwest Casino Corporation
Southwest Casino Corporation develops, owns, operates, manages and provides consulting services to casinos, gaming facilities and leisure facilities. Southwest owns and operates two casinos, the Gold Rush Hotel and Casino and Gold Digger’s Casino in Cripple Creek, Colorado. Southwest also owns a 50 percent membership interest in North Metro Harness Initiative, LLC, which is building a harness racetrack and 50-table card room in Columbus, Minnesota on the north side of the Twin Cities Metropolitan Area. Southwest’s corporate offices are located at 2001 Killebrew Drive, Suite 350, Minneapolis, Minnesota 55425.
This Press Release does not constitute an offer of to sell or solicitation of an offer to buy any securities.
This Press Release contains forward-looking statements, including statements regarding Southwest’s beliefs about its ongoing business. These forward-looking statements involve risks and uncertainties that could cause the statements to be incorrect or cause actual results to differ materially. Many of these risks are specifically identified in the Risk Factors Section of our Annual Report on Form 10-KSB filed March 21, 2007. Other risks applicable to these forward-looking statements are also described in our periodic reports filed with the Securities and Exchange Commission. Southwest does not undertake to update any forward-looking statements it makes; but may choose from time to time to update them and, if it does, will disseminate the updates to the investing public. |
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