PETOSKEY, Mich., July 22 /PRNewswire-FirstCall/ -- Rotate Black, Inc. (OTC Bulletin Board: ROBK), a premier development and management company of global resort and casino properties, announces that it has executed an agreement in conjunction with the Schaller Development Group to build The Traditions Casino, in North Western Nevada.

The Traditions Casino will be located adjacent to the Tahoe Reno Industrial Center (TRIC) in Dayton, Nevada, home of Wal-Mart's largest US distribution center. Located on 104,000 acres, this industrial center will be the largest in the world once completed. The center is attracting major corporate enterprises and high tech industry and already includes APL Logistics, Duraflex, and PetSmart.

Construction of the phased development casino is scheduled to begin the fourth quarter of 2009. The 15,000 square foot first phase completion is anticipated mid 2010. Once all phases are completed, the Traditions Casino will include 1,000 slot machines, 20 gaming tables and a sports book complete with a sport-bar, steak house and snack bar.

Chairman and CEO John Paulsen of Rotate Black stated, "We are pleased to be locating right next to a development where such substantial growth for this area is projected and has already begun. High growth trends in the area should impact our business favorably." The industrial complex is estimated to create 48,000 new jobs for the area.

About Rotate Black, Inc.

Rotate Black, Inc. (ROBK.OB) 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 developing and managing resort properties.

About Schaller Development Group

Schaller Development Group, Managing Partner, Richard Schaller is one of the premier builders of gaming/resort related projects in Nevada. Recent projects completed by his construction firm, SMC Construction, include the new Peppermill Casino Tower, Atlantis Casino bridge way to the Reno Tahoe Convention Center.

Forward Looking Statement

This press release contains forward-looking statements which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should be considered to be forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as each is amended, for which the Private Securities Litigation Reform Act of 1995 provides a safe harbor. Certain factors (including but not limited to those risk factors identified from time to time in our filings with the Securities and Exchange Commission as well as changes in economic conditions; outcome of negotiations; changes in the Company's access to necessary capital; outcome of litigation; volatility of capital markets; variability and timing of business opportunities; changes in accounting policies and practices; the effects of internal organizational changes; adverse state and federal regulation and legislation; and the occurrence of extraordinary or catastrophic events and terrorist acts; or other unforeseen changes in circumstances) could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.

SOURCE Rotate Black, Inc.