PETOSKEY, MI / ACCESSWIRE / October 14, 2014 / Rotate Black, Inc. (ROBK) announced today that its subsidiary, SlotOne, LLC has entered into an exclusive license agreement with Global Gaming Group, Inc. for slot games and gaming content. Global Gaming Group holds one of the world's largest gaming catalogs and by utilizing G3's expert knowledge and creativity, SlotOne heightens its ability to deliver a truly unforgettable entertainment experience to casino clients utilizing the Company's Class II slot machine platform.
"We believe that in addition to economic considerations, the most important factor influencing SlotOne product selection is customer appeal and time on device," said Dual Cooper, President. He went on to say, "This license helps us to further drive customer demand and improve our product attractiveness, which in turn enhances our clients' bottom line."
Utilizing the Company's extensive experience in managing casino gaming floors, SlotOne has a powerful competitive advantage of being able to identify slot floor deficiencies, retool for those deficiencies and increase overall revenue and earnings.
US Casino Market reached a total of $91.9 billion in 2012 revenue. Indian casinos accounted for 28% or $25.7 billion of this market. There are 470 tribal casinos owned by 242 federally recognized tribes operating in 28 of the 50 United States.
SlotOne's fast paced player centric games were developed to meet the needs and wants of this growing market and to provide competitive advantage for tribal casinos facing increased competition from the proliferation of legalized gaming.
The Company plans to fully deploy its Class II gaming machines in: Alabama, Arizona, California, Connecticut, Florida, Idaho, Kansas, Louisiana, Michigan, Oregon, Mississippi, Minnesota, Nebraska, New Mexico, North Carolina, North Dakota, New York, Oklahoma, Texas, Washington and Wisconsin.
SlotOne will distribute a variety of innovative Class II gaming machines. These machines all aim to expand existing sales and open new lines of sales for our customers. Through refined Class II technology SlotOne games look and play like the traditional Class III games, but are afforded significant cost advantages because of the way they play. This is accomplished through the speed of technology and programmed mathematical calculations that mimic Class III games as closely as possible while remaining within the definition of Class II bingo that is contained in IGRA.
With this advantage SlotOne was developed to own and operate slot machines on a fixed daily rate or percentage basis to well established casinos. SlotOne's additional competitive advantage lies in its ability to deliver state of the slot machines along with significant savings (up to 27% of revenue) to tribal casinos on a no upfront cost basis.
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.
For further information contact Investor Relations at: 231-347-0777
SOURCE: Rotate Black, Inc.