Rotate Black Announces Final Submission of Documents to Alberta Gaming and Liquor Commission
17 Noviembre 2011 - 2:25PM
Rotate Black Inc., (OTCBB:ROBK), announced today that on November
11, 2011, it had completed its submission of all necessary
documentation to the Alberta Gaming and Liquor Commission ("AGLC")
regarding Rotate Black's proposed casino and entertainment
destination on the Louis Bull Indian Reserve near Edmonton, Canada.
"This is the final step before having a formal meeting with the
AGLC. We're extremely excited about this opportunity in Alberta and
looking forward to working with the Provincial government and with
the Louis Bull Tribe to create a successful casino and
entertainment destination," Dual Cooper, President of Rotate Black
commented. Rotate Black is now awaiting the scheduling of its
final meeting with the AGLC which, the company anticipates sometime
within the next 60 days. Earlier in 2011, Rotate Black entered into
a management agreement with the Louis Bull Tribe for this casino
and entertainment destination.
The Bear Hills Casino will be located on Highway 2 off the
northbound off-ramp approximately 25 miles south of Edmonton,
Alberta and on existing tribal lands adjacent to the Tribe's Bear
Hills Truck Stop. The stretch of Highway 2, otherwise known as the
Queen Elizabeth II Highway or 'QE2 Highway', between Calgary and
Edmonton is one of the most heavily used highways in the Province
and will provide easy access to the site. Edmonton's economy
is one of the most dynamic economies in North America, buoyed to a
great degree by the oil-sands industry. In 2010, the Edmonton
metropolitan population stood at 1,176,300 and was up 1.7% from
2009. Edmonton's current unemployment rate stands at only
5.6% and the Conference Board of Canada estimates put Edmonton's
per capita personal income 20% higher than the national
average.
About Rotate Black, Inc.
Rotate Black 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.
Forward-Looking Statement
Certain statements contained in this release regarding matters
that are not historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Because such forward-looking statements include risks
and uncertainties, actual results may differ materially from those
expressed in or implied by such forward-looking statements,
including, but not limited to whether the Alberta Gaming and Liquor
Commission will provide the Louis Bull Tribe and/or Rotate Black,
Inc. with all necessary approvals to proceed with the development
and management of the proposed casino and entertainment destination
and whether the casino will meet budgeted projections.
Forward-looking statements speak only as of the date of this
release, and we do not undertake any obligation to update or revise
publicly any forward-looking statement, whether as a result of new
information, future events or otherwise.
CONTACT: Rotate Black, Inc.
231-347-0777
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