Abstract: A container supporting and dispensing apparatus for supporting a bottle in a sloped position and dispensing the contents of the bottle through a valve. The device includes a valve assembly which may be threadably coupled to an associated bottle. The valve assembly can then be secured to a container support which positions the bottle in a sloped position to facilitate gravity assisted dispensing through the valve assembly. An alternate embodiment of the present invention includes a pump assembly for re-pressurizing the bottle after use. A further alternate embodiment includes both an ice tray for containing ice within the container support and a water circulation assembly for collecting chilled water from the ice tray and cascading the chilled water over the associated bottle to provide a cooling effect to the contents of the bottle.