PETOSKEY, Mich., Aug. 5, 2010 (GLOBE NEWSWIRE) -- Rotate Black, Inc. (OTCBB:ROBK), a premier development and management company of resort and casino properties, announced today that the Gulfport City Council approved the Gulfport Planning Commission's recommendation for property rezoning. With a 6-1 vote the City Council rezoned six acres of privately owned property from general business to entertainment and gaming.
The approval facilitates Rotate Black, Inc.'s plans to dock "The Big Easy" luxury cruise ship hosting a casino and restaurants and for the construction of a land based casino resort with a high-rise hotel on this waterfront property.
Rotate Black, Inc. will move the process forward to the Mississippi Gaming Commission for site approval.
About Rotate Black, Inc.
Rotate Black, Inc. (OTCBB:ROBK) is a premier development and management company of resort and casino properties. The Company makes investments specifically targeted towards the gaming industry, seeking to maximize total return from capital appreciation and income. The management and Board of Directors have extensive experience in successfully developing and managing resort properties.
Forward-Looking Statement
Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Rotate Black, Inc. disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date stated, or if no date is stated, as of the date of this press release.