PETOSKEY, MI / ACCESSWIRE / October 1, 2014 / Rotate Black, Inc. (ROBK) announced today that it has entered into a joint development and license agreement with Global Gaming Group Asia, LTD for the advancement of the Company's centralized Slot Bingo system.
Bingo based platforms, classified as Class II games, have a distinct fee advantage for tribal casinos, but rarely used because of slow legacy platforms that provide little competition to their Las Vegas style Class III counterparts.
SlotOne, by combining a catalog of proven and successful slot games with an advanced Class II platform provides a competitive advantage and robust savings to its licensed casino operators without degrading their clients gaming experience.
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.
About Global Gaming Group Asia, LTD.
Gobal Gaming Group Asia is a leading casino gaming technology company with a diverse offering extending from gaming machine creation to the development of sophisticated gaming platforms.
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 art 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.