Rotate Black, Inc. to Initiate Development of a Class III Gaming Casino, as New York State's Sullivan County Approves Project

May 05, 2009, 08:30 ET from Rotate Black, Inc.

Rotate Black, Inc. Named Exclusive Developer and Management Company by Seneca Catskills Gaming Corporation

PETOSKEY, Mich., May 5 /PRNewswire-FirstCall/ -- Rotate Black, Inc. (Pink Sheets: ROBK), a premier development and management company of global resort and casino properties, announces approval from Sullivan County Legislature, in an agreement with the Seneca Nation's Seneca Catskills Gaming Corporation, to develop a Class III gaming casino. The Seneca Catskills Gaming Corporation designated Rotate Black as the exclusive management and development company of the resort and casino.

Rotate Black, Inc., in conjunction with the Seneca Catskills Gaming Corporation (a wholly owned corporate entity of the Seneca Nation) successfully presented the proposal for the Seneca Catskill Mountains Resort and Casino both to The Town of Thompson's Board and Sullivan County's Legislature and received the necessary approvals from both entities to proceed with the project. John Paulsen, Chairman and CEO of Rotate Black, Inc., stated, "The Seneca Nation and I want to thank the Sullivan County government and legislature for their support in this important project. We are also very appreciative of the opportunity to work with the Seneca Catskills Gaming Corporation. We look forward to contributing our experience and expertise to this shared endeavor."

Sullivan County has agreed to actively work with and assist the Nation, to obtain any and all approvals required for the project from the appropriate government entities. In further consideration of this agreement, the County will also undertake, at its sole discretion, to enter into agreements with locally impacted entities to mitigate impacts of the project.

Kevin Seneca, Chair of the Seneca Catskill Gaming Corporation, commented, "Our goal is to work in partnership with Sullivan County officials. We are convinced the effects from the new employment opportunities our project will create will be felt throughout Sullivan County, and will assist in new business opportunities."

Once fully completed, the Seneca Catskill Mountains Hotel and Casino will include two million square feet of space, 6,000 slot machines, 120 table games, 30 poker tables, race book center, a 1,500 room hotel and spa, 12 restaurants, high end retail space, a 5,000-seat arena and 100,000 square feet of banquet space, and an arcade center.

About Seneca Catskills Gaming Corporation

Seneca Catskills Gaming Corporation was formed by The Seneca Nation of Indians of New York to serve as the corporate parent of a new casino, the Seneca Catskills Resort & casino, a Class III gaming resort, to be constructed in the Catskill Mountains region of New York on 63 acres of land off exit 107 of Route 17 in The Town of Thompson in Sullivan County.

About Rotate Black, Inc.

Rotate Black, Inc. (Pink Sheets: ROBK) is a premier development and management company of global 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 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.

SOURCE Rotate Black, Inc.