$re = '/<BG CASE>(.*):\n?(\s+(.*))\n?\s+<BG \/CASE>/m';
$str = '<BG SWITCH>param
<BG CASE>value1:
text 1
<BG /CASE>
<BG CASE>value2:
text 2
<BG /CASE>
<BG CASE>value3:
text 3
<BG /CASE>
<BG CASE>value4:
text 4
<BG /CASE>
<BG /SWITCH>';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php