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Caribbean Casino Corporation - June 11, 2002

*Caribbean Casino Corporation

*Aladdin's Gold

*Notice by the Directorate of Offshore Gaming

*Letter of Appointment

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St. John's, Antigua

The Directorate of Offshore Gaming has asked Mr. Eddie Hadeed to not accept new bets pending a review of his operation. Aladdin's Gold requires new capital, in order to become a viable operation.

In an earlier Press Release, we reported that Mr. Eddie Hadeed had asked for a two-week grace period in which to prepare and submit, a proposal to the Directorate for the companies restructuring. We have been monitoring the company and during this period and as part of that process has taken this intermediary action.

The Directorate of Offshore Gaming will have completed its review of this company within the next few days. During this period, Aladdin's Gold has been asked not to accept any new bets.