PETOSKEY, Mich., Feb. 22 /PRNewswire-FirstCall/ -- Rotate Black, Inc. (OTC Bulletin Board: ROBK), a premier development and management company of global resort and casino properties, announced today the Federal Courts final approval on its agreement to purchase the gaming vessel named "The Big Easy" with the Chapter 11 Trustee of Cruise Holding II, LLC. Pursuant to the agreement the Company via certain of its current shareholders tendered a deposit for the vessel. The Company anticipates closing on or before March 15, 2010.

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.

Forward-Looking Statement

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.

SOURCE Rotate Black, Inc.