|By Marketwired .||
|January 7, 2014 11:39 AM EST||
PETOSKEY, MI -- (Marketwired) -- 01/07/14 -- Rotate Black, Inc. (PINKSHEETS: ROBK), a premier development and management company of resort and casino properties, reports that its affiliate Rotate Black MS, LLC, has received an Approval to Proceed from the Mississippi Gaming Commission for its planned Hemingway Resort and Casino in Gulfport, MS. Rotate Black's CEO, John Paulsen, stated "with this approval the Company can move to close its financing and begin construction of its $130 million development."
The casino resort, when completed, will include a 35,000 square foot gaming floor, 205 room hotel, buffet, steakhouse, café, feature bar, luxury pool and a lounge overlooking the newly renovated marina in the city's small craft harbor. Gulf Coast gaming veteran and Rotate Black MS CEO, Dual Cooper stated, "we've designed a fantastic facility, hired the best general contractor in Yates Anderson and when open we'll deliver a world class gaming and entertainment experience."
Rotate Black's Gulfport, MS casino will be located on approximately nine and a half acres of land at the intersection of Highway 49 and US 90 and overlooking the Gulf of Mexico. The site will offer direct access from I-10 via the Central Harrison County Connector Highway currently planned by the State of Mississippi. The site is adjacent to downtown Gulfport, the city's small craft harbor and the newly renovated Joseph T. Jones Memorial Park. Jones Park is the largest public park on the Gulf Coast and is in the final stage of a three stage restoration including green spaces, gardens, pavilions, water features, as well as art and entertainment facilities.
About Rotate Black, Inc. Rotate Black, Inc. (PINKSHEETS: 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.
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.