Exhibit 99.1

PRESS RELEASE                          International Thoroughbred Breeders, Inc.
July 5, 2006                                                 NASDAQ OTC: ITGB.PK

International Thoroughbred Breeders, Inc. executes a Memorandum of Understanding
with Super Resorts (Macau) Ltd.

International  Thoroughbred  Breeders,  Inc.  (ITB) has executed a Memorandum of
Understanding  ("MOU") with Super Resorts  (Macau) Ltd. for  redeployment of its
Big Easy Gaming vessel to Macau. Super Resorts expects to finalize  arrangements
with a licensed operator in the market who would operate the Big Easy.

Super Resorts will arrange financing for ITB in connection with the proposed Big
Easy transaction.  Subject to final agreement with ITB and its lenders,  the new
financing will pave the way for Super Resorts (Macau) Ltd.  executives to assume
management control of ITB. Super Resorts will also contribute  additional gaming
opportunities, throughout Asia and the United States, to ITB that are in various
stages of pre development.

Commenting  on the MOU,  Chairman  Francis W.  Murray  stated,  "ITB  expects to
stabilize  its  capital  structure,   gain  experienced  gaming  and  operations
management  while  attracting an  independent  board of directors to the company
through its agreement with Super Resorts (Macau) Ltd."

Forward-Looking Statements

This release contains forward-looking statements, which are made pursuant to the
safe harbor provisions of the Private Securities  Litigation Reform Act of 1995.
We use words such as  "anticipate,"  "believe,"  "expect,"  "future,"  "intend,"
"plan," and similar expressions to identify  forward-looking  statements.  These
statements are only predictions and are subject to certain risks,  uncertainties
and  assumptions,  which are  identified  and described in the company's  public
filings with the Securities and Exchange Commission.

About International Thoroughbred Breeders, Inc.

ITGB,  through its wholly owned subsidiary,  operates an offshore gaming vessel,
the M/V Palm Beach  Princess,  pursuant to a charter.  This  vessel  sails twice
daily  from the  Port of Palm  Beach,  Florida  and,  once  beyond  the  state's
territorial  water limits,  engages in a casino gaming business.  The Palm Beach
Princess  is a large,  ocean  going  cruise  ship with a  passenger  capacity of
approximately  800 persons for coastal voyages and is 420 feet long with a gross
tonnage of 6,659.  During each cruise, the Palm Beach Princess offers a range of
amenities   and   services  to  her   passengers,   including  a  full   casino,
all-you-can-eat  lavish buffet  dining,  live musical  shows,  bars and lounges,
swimming  pool,  sundecks,  gift boutique,  skeet shooting  (during the day) and
onboard masseuse.  The casino occupies 15,000 square feet aboard the ship and is
equipped with approximately 425 slot machines and 29 table games, 7 poker tables
and a sports wagering book.

Contact:

International Thoroughbred Breeders, Inc.
Scott I. Kaplan
786-276-2460





Source: International Thoroughbred Breeders, Inc.