Rotate Black (ROBKE.OB) On-track to Get Gulfport Casino Rolling
Rotate Black Inc., a developer and manager of resort and casino properties, today announced the completion of a 99-year management agreement with Rotate Black MS LLC (RB MS), which took effect April 1, 2010. Per the agreement, Rotate Black will manage the casino and hotel operations in the Bert Jones Yacht Basin in Gulfport, Mississippi. RB MS will compensate Rotate Black for its management services at $200,000 per month until the launch of gaming operations in Gulfport, at which time RB MS will pay Rotate Black $250,000 per month. As soon as Rotate Black achieves full-year EBITDA of $17 million,…