PETOSKEY, MI / ACCESSWIRE / September 8, 2014 / Rotate Black, Inc., a premier gaming and resort developer, is delivering on its commitment to drive shareholder awareness and long-term growth. Pursuant to that objective, the Company would like to provide a status report on its business plan objectives and achievements.
The Company has filed its required 10Q SEC filings through March 31, 2014 and is in the process of preparing its June 2014 10K.
Since the last update, the Company's affiliate, Rotate Black MS, LLC., has finalized its revised Gulfport construction plans in consideration of the new Mississippi regulations and is in negotiations for the possible sale and or financing of the project.
The Company's other affiliate, SlotOne, has created a very powerful Class II Slot Machine line that has attracted interest from a variety of well established casinos. The developmental and sales operations have commenced and the Company is in the process of entering into various agreements for the deployment of its equipment under the SlotOne brand.
SlotOne Executive Summary
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.
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.
SlotOne Slot Machines
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 with in the definition of Class II bingo that is contained in IGRA.
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 initial focus is in ten tribal casinos, where it has established longstanding relationships. Eight of the casinos are situated within a 150-mile radius of each other and provide SlotOne with best opportunity for managing its resources effectively in its initial deployment stage.
The Company plans to fully deploy its Class II gaming machines in Alabama, Arizona, California, Florida, Kansas, Louisiana, Michigan, Nebraska, North Dakota, New York, Oklahoma, Texas, Washington and Wisconsin.
About Rotate Black
Rotate Black, Inc. is a premier gaming and resort manager and developer based in Petoskey, MI. The Company's team boasts over 100 years of combined gaming experience in managing and developing casino resorts around the world.
For further information; contact investor relations at 231-347-0777.
SOURCE: Rotate Black, Inc.