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EXCEL - IDEA: XBRL DOCUMENT - Carlyle Gaming & Entertainment, Ltd.Financial_Report.xls
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10-K/A - ANNUAL REPORT FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011 - AMENDMENT NO. 2 - Carlyle Gaming & Entertainment, Ltd.carlylegaming10ka2111231.htm
v2.4.0.6
Incorporation and quasi reorganization
12 Months Ended
Dec. 31, 2011
Incorporation and Quasi Reorganization [Abstract]  
Incorporation and Quasi Reorganization
Note 1 Incorporation and quasi reorganization

Carlyle Gaming & Entertainment Ltd (the “Company”) was incorporated as Clean-X-Press, Inc. on January 4, 1988 under the laws of the State of Colorado. On November 1, 1998, the Company was dissolved by the State of Colorado and on July 18, 2007, the Company was re-instated, under a sole corporate guardianship. The Company has treated this event as a quasi reorganization

Since July 18, 2007, the Company has been in the development stage (see below), devoting its efforts to the establishment of an online gaming business.

On May 15, 2008, the Company changed its name to Carlyle Gaming & Entertainment Ltd. On that same day, the Directors authorized a reverse stock split of 1:15. These financial statements give retroactive effect to that roll back.

On April 27, 2011, the Company incorporated a wholly owned Canadian subsidiary, Carlyle Interactive Ltd. with the purpose of processing bets in-house. As of December 31, 2011, there was no activity in Carlyle Interactive Ltd.