February 23, 2010 (FinancialWire) — Rotate Black, Inc. (OTCBB: ROBK), a developer and manager of resort and casino properties, said it has gained final approval from a Federal Court to purchase the gaming vessel named “The Big Easy” with the Chapter 11 Trustee of Cruise Holding II, LLC.

Under the agreement, Rotate Black, via certain of its current shareholders, tendered a deposit for the vessel. The company said it anticipates closing on or before March 15, 2010.

Michigan-based Rotate Black makes investments specifically targeted towards the gaming industry.

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