Rotate Black was set to create a new casino along the Gulfport Harbor in Mississippi, but missed the April 1st deadline last year to show that the company was ready to move forward with financial backing. Since that time, the company has worked to restructure and meet the guidelines set forth by the Mississippi Gaming Commission. According to statements made by Rotate Black CEO John Paulsen, the plan for the casino is still active and progressing.
In the beginning, the project for the casino was approved for $112 and has now been changed to $170 million. This is based on information filed by Rotate Black in the annual 10-K report submitted to the Securities and Exchange Commission.
In the report, it states that Rotate Black expects to be completed with the casino project by Fall of 2016. The new requirements will now see the resort housing a 53,000 square foot casino with 1,388 slot games plus 33 table games. The property will also include a 4 Star hotel with 300 guest rooms which will include 260 standard rooms and 40 suites. A steakhouse, buffet, café and bar will be included in the plans as well.