FOR
IMMEDIATE RELEASE
May 31 , 2007
RLJ
Announces Its Gaming Division, Caribbean Cage LLC,
Has Been Awarded a Long Term VLT Management & Equipment
Agreement in Barbados
Bethesda, MD (May 31, 2007) – Today,
CAGE Barbados Inc., a wholly owned subsidiary of Caribbean
CAGE LLC, a division of The RLJ Companies, announced that
it has been awarded a long-term management agreement for
the installation and management of up to 2500 video lottery
terminals (“VLTs”) on Barbados. This management
agreement will allow CAGE to operate the connected and linked
VLTs that will be installed over a three-year roll out period.
“This long term management agreement
is an integral step towards fulfilling our strategy of a
significant presence throughout the Caribbean and Latin America,” noted
Bob Washington, Chairman, CEO and Co-Founder of Caribbean
CAGE LLC.
An official spokesperson from the
BCA stated that “the Barbados Cricket Association
looks forward to a long and successful relationship with
Cage Barbados Inc., in the operation of video lottery games
in Barbados, which the BCA hopes will redound to the benefit
of both the BCA and its partners.”
“We are pleased to enter into a business
relationship with Barbados. Our ability to drive returns
is good for Barbados and good for CAGE,” stated Bob
Johnson, Chairman of The RLJ Companies.
CAGE currently operates VLTs in the
Turks and Caicos Islands and St. Kitts. CAGE, headquartered
in Puerto Rico, is well positioned to take advantage of the
VLT market in the Caribbean to generate superior returns.
CAGE anticipates beginning operations in
Barbados by the 4th quarter of 2007.
About The RLJ Companies
The RLJ Companies (“RLJ”), founded by
Robert L. Johnson, founder of Black Entertainment Television,
provides strategic investment and direction in and for a
diverse portfolio of companies in the financial services,
real estate, hospitality/restaurant, professional sports,
film production, gaming and recording industries.
About Caribbean CAGE
LLC
Caribbean CAGE LLC is a gaming company focused on
the installation, operation and management of video lottery
terminals, linked gaming systems and game content in both
venues and distributive systems (Routes) throughout the Caribbean
and Latin America. Caribbean CAGE LLC has offices in
Las Vegas, Nevada and San Juan, Puerto Rico. CAGE currently
operates venues in Turks and Caicos and St. Kitts.
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