UNITED  STATES
                       SECURITIES  AND  EXCHANGE  COMMISSION
                             Washington,  D.C.  20549

                                    FORM  8-K

                                 CURRENT  REPORT
     Pursuant  to  Section  13  OR  15(d) of The Securities Exchange Act of 1934

Date  of Report (Date of earliest event reported)       April  11, 2006


                          Island  Residences  Club,  Inc.
                        -------------------------------
             (Exact  name  of  registrant  as  specified  in  its  charter)

             DE                    000-49978                      20-2443790
- ----------------------------     -------------              --------------------
(State or other jurisdiction      (Commission                (IRS  Employer  of
       incorporation)            File  Number)              Identification  No.)


     1769-203  Jamestown  Road,  Williamsburg,  VA              23185
     ---------------------------------------------             --------
      (Address  of  principal  executive  offices)            (Zip  Code)

Registrant's  telephone  number,  including  area  code:(757)927-6848
                                                         ------------

_______________________________________________________________________
(Former  name  or  former  address,  if  changed  since  last  report.)

Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions  (see  General  Instructions  A.2  below):

[ ]  Written  communications pursuant to Rule 425 under the Securities Act  (17
     CFR  230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act  (17  CFR  240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act  (17  CFR  240.13e-4(c))



ITEM  1.02.  Termination  of  a  Material  Definitive  Agreement

On  February  23,  2006,  Island  Residences Club, Inc. (the "Company") and Rich
Woods,  an  unaffiliated  investor, entered into a Stock Purchase Agreement with
RotateBlack  LLC,  a  Michigan  limited  liability  company ("RBL"), whereby the
Company  and  the investor would purchase 9,400,000 shares of common stock, $.01
par  value (the "Shares") of DTLL, Inc., a publicly traded Minnesota corporation
("DTLL").  The  allocation  of  the  Shares and the Company's obligation related
thereto  was to be determined at closing. The Shares represent approximately 70%
of  the 13.5 million issued and outstanding common stock of DTLL and a change of
control  of  DTLL.  The  purchase price for the shares to be paid at closing was
$1,500,000,  represented  by  cash  in the amount of $500,000 and a Secured Note
Payable  in  the  amount  of  $1,000,000  no  later  than  April  10,  2006.

On  April  11,  2006,  the  agreement  was terminated. IRCI did not purchase any
shares  pursuant  to  the  terms  of  the  Stock  Purchase Agreement between the
Company,  RotateBlack  LLC  and  Richard  Woods.

                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

Date:  April  21,  2006

(Registrant):  Island  Residences  Club,  Inc.
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(Signature):   /s/Graham  Bristow
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               Graham  Bristow,  Chief  Executive  Officer