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Sell what you got Linda to someone who can do something with ATIG, DO SOMETHING!
LINDA,LINDA,LINDA Do you know you are the CEO of ATIG STOCK. What have you done so far? What 5 things have you worked on this last week?
O-Linda doing a great job running the company, love how the stock drops or never moves up! Must not be in your talent, or skill or proficiency to handle this job! Keep sucking on ATIG TITS till the money runs out!
I guess Super Bowl 65 might be in play, we can all watch it from convalescent home or heaven, unless you are criminal, rapist ,lying tax cheat evil ,person. than you will be with Satan, for Super Bowl 65!
Another Super Bowl ATIG gambling platform ZERO! GREAT JOB ATIG AGAIN!
ABOUT TIME!! Looks like old AGC website is being updated???
what is the future LB? Are you a do nothing CEO? What are your Idea for ATIG or are you blank, nothing there there?
I wouldn't expect the company to put out any positive news, until they get current (Quarterly and financial report)
A "pink sheet stock being compliant" means that a company whose stock trades on the over-the-counter (OTC) market, also known as the "pink sheets," is adhering to the minimal regulatory requirements necessary to maintain its listing, which includes filing periodic financial reports with the Securities and Exchange Commission (SEC) even though the disclosure standards are less strict compared to major stock exchanges like the NYSE or Nasdaq; however, investors should still exercise caution due to the relaxed regulatory environment.
profiteer11 when do you think atig is going get current and compliant, and what does that mean? Thanks 11
Need to get current and compliant BEFORE anything else!!
THEN that NFL HOF deal could be announced, eh?
Just sayin......
Waiting on announcement about deal between AAPS and NFL HOF.
Will take some time to develop the STEAM centers.
Heard first will be in the Atlanta area.
Linda did say there will be a shareholder's meeting. Question is when??
0.0000000000002, great job ATIG !! Just love what you have done with the stock!!
0.0000000000002, great job ATIG !! Just love what you have done with the stock!!
For sure he wanted to be a billionaire, but ATIG is what it is. Hopefully we can move to a $1.00 some day?
[-chart]www.stockscores.com/chart.asp?TickerSymbol=atig&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen[/chart]
I got this mailed to me a few days ago. Sounds good Maybe Don was just in the way.
$ATIG News!!. https://atlantisgamingcorporation.com/news.html
Note This: "AGC Sports Betting: Partnering with Pro Football
Hall of Fame 'Ask A Pro' and Fantasy Sports"
So now what? Anything? Will we ever see $1:00 a share? 80 years from now? 20/20104 ?
Reminds me of another company that bought a Picasso sculpture and went bankrupt and the CEO went to jail
Wow after 30 years of gaming misfortune we make a profit?
I’ll bet after we pay expenses and management we are still in the red.
Are we a REIT now?
Atlantis Gaming Corp. Celebrates First Profits: A Game-Changing Milestone ACCESSWIRE UPDATED SEPTEMBER 13, 2024 1:13 PM | DETROIT, MI / ACCESSWIRE / September 13, 2024 / Atlantis Gaming Corporation ("AGC" /"Atlantis")(OTC PINK:ATIG) In a landmark moment that could signal the beginning of a new era for Atlantis Gaming Corporation (AGC), the company has achieved its first-ever profit. This milestone follows AGC's strategic acquisition of Lahser 6 Apartments in Detroit Michigan, marking a leap forward in the company's trajectory. Within just 90 days of operating the wholly owned asset, the property management team generated a positive earnings of $10,616; a modest but historic first profit for the company. Strategic Vision Leads to Success AGC's achievement is a direct result of the company's bold acquisition strategy, which emphasizes long-term value and community impact. In June 2024, AGC acquired the 54-unit Lahser 6 Apartments in a strategic equity swap - 75M shares for 100% equity, thus allowing the company to secure a highly valuable asset with over $1 million in developable equity. This calculated move positioned AGC for sustainable growth, and the results materialized. "The inherent value of this transaction and those in the pipeline demonstrates the potential to unlock significant equity for AGC and our investors, given the proper structure" said Herb Strather, real estate strategist and partner in the acquisition. "We took a calculated risk, and we're seeing the rewards a little faster than anticipated. This is just the beginning." Poised for Continued Expansion Building on this momentum, AGC is set to expand its real estate portfolio, with plans to close on an additional 1 to 2 assets by the end of the year. These deals are expected to yield further equity growth, pushing the company toward its goal of becoming part of a dominant force in the booming Detroit real estate market. In fact, with 42 units of the Lahser 6 Apartments now 100% leased, AGC is already seeing strong results from its management strategy, and the company has placed its 22009 W. McNichols property on the market for $400,000 to generate further liquidity. "Our strategic acquisitions and management practices are driving real value for AGC," said Linda I. Bailey, AGC Interim CEO following the founders Donald I. Bailey death last month. Furthermore she said "With additional transactions already in progress, we expect to see a compounding effect on our equity base. These real estate holdings represent more than just earnings-they're the foundation of AGC's future growth because AGC will have millions in asses to carefully launch our new initiatives". Blending Profitability with Social Impact AGC's mission extends beyond profitability. The company is committed to reinvesting in urban communities, helping to develop young entrepreneurs, and partnering with forward-thinking organizations. AGC's leadership believes that by focusing on both financial returns and social good, the company can play a pivotal role in transforming underserved neighborhoods while also generating substantial returns for shareholders. Strather says. "This is more than just a financial endeavor-it's a chance to change the lives of children not yet been born". Future Outlook Looking ahead, AGC's leadership team is bullish on the company's growth prospects. The company's first few real estate transactions alone are projected to increase share value from its current price to between $0.02 and $0.10 over the next year. AGC's strategic focus on acquiring properties with significant development potential will be key to driving this growth and Strather's team has closed more than 2 billion in deals - the majority fully leveraged. AGC is also exploring new opportunities, including partnerships in gaming-related real estate ventures such as Skilled online games and STEAM (Science Technology Engineering Arts & Math) Centers, with an emphasis on Entrepreneurship. For more information on AGC's historic first profit and future opportunities, please visit: www.atlantisgamingcorporation.com or contact: Herb Strather herberts @freddy-D-9691 SOURCE: Atlantis Gaming Corp.
Read more at: https://www.theolympian.com/press-releases/article292439664.html#storylink=cpy
Cant find it do you have a link
Real Estate acquisition is at least adding some equity to the company.
Is Ask-A-Pro-Sports still alive? It appeared that it was ready to go, but...........
Keep going up!
New PR Out
Atlantis Gaming Corp. Makes Bold Moves in Real Estate, Embracing a 'Real-Life Monopoly' Strategy
Press Release | 08/29/2024
DETROIT, MI / ACCESSWIRE / August 29, 2024 / Atlantis Gaming Corporation (AGC/ATLANTIS)(OTC PINK:ATIG) is shaking up the gaming industry with a unique "Real-Life Monopoly" acquisition strategy, spearheaded by real estate veteran Herb Strather.
Strather, whose impressive career boasts over $2 billion in closed real estate transactions, is leading AGC's aggressive expansion into real estate. The company is proud to announce the acquisition of the Lahser 6 Apartments, a 54-unit building in Detroit, and has secured a deal to acquire a 55,000 SF modern office building on W. McNichols Rd., also in Detroit.
Both transactions, valued at $2.2 million and $1.8 million respectively, are being executed through a 100% stock swap for equity, showcasing AGC's innovative approach to asset acquisition.
These acquisitions mark a pivotal moment under the leadership of Acting CEO Linda I. Bailey, who is committed to driving AGC's growth following the passing of her husband and former chairman, Donald L. Bailey.
"With over two decades of executive experience with the Atlantis Companies, I am dedicated to realizing the AGC Board's vision through strategic resource allocation and financial growth," said Mrs. Bailey. "This real estate acquisition perfectly aligns with our diversification and asset portfolio enhancement strategy."
The initial transaction involved a stock-for-assets swap with the Grenadier Family, prominent real estate holders in southeast Michigan, and their brokerage firm, Strather Associates.
Detroit's Resurgence Fuels Investment
Detroit's remarkable recovery from its historic bankruptcy has positioned the city as a prime investment hub, attracting global attention. The city's investment-grade credit rating and renewed investor confidence create a fertile ground for AGC's expansion.
Gaming Expertise Meets Real Estate Prowess
AGC's leadership team brings a proven track record in gaming and real estate development. The developers previously created and sold the Motor City Casino for $160 million in profit and have been involved in providing games for state lotteries.
Leveraging this expertise, Atlantis plans to use scratch-off tickets and promotions with state and provincial lotteries, featuring retired athletes, musicians, and celebrities in strategic marketing campaigns.
Additionally, the company is preparing to launch a skill-gaming operator within the next six months, capitalizing on the growing trend of competitive gaming.
Ambitious Growth Plans
This partnership aims to complete $100 million in real estate transactions over the next 60 months, with a robust pipeline of deals and new gaming initiatives already underway.
AGC intends to significantly expand its asset base through acquisitions and financing, targeting a profit of over $2 million and more than $4 million in assets from the two announced transactions alone.
This focus on real estate acquisitions will ensure stability and cash flow while AGC explores new gaming opportunities, marking an exciting new chapter for the company.
About Atlantis Gaming Corporation
Atlantis Gaming Corporation is a dynamic gaming company embracing a "Real-Life Monopoly" strategy to acquire and grow its asset portfolio. With a focus on real estate and innovative gaming ventures, AGC is poised for significant expansion in the coming years.
Contact:
Herb Strather herberts@atlantisgamingcorporation.com PH: 313.444.9691
Linda I. Bailey lindab@atlantisgamingcorporation.com PH: 702.818.1052
###
SOURCE: Atlantis Internet Group Corp.
A gaming company that owns real
estate.
Oh well it certainly can’t hurt cash flow.
The company is now Atlantis Gaming Corporation (AGC)
The ATIG ticker did not change
So did AGC or ATIG (not sure who owns who) buy all these real estate buildings now? So is the stock going to go up now? or limbo ?
Finally Got that PR out!
https://finance.yahoo.com/news/atlantis-gaming-corporations-strategic-transformation-204000394.html
Atlantis Gaming Corporation ("AGC") Shareholders’ Update
August 13, 2024
Dear Shareholders,
I hope this message finds you well. We begin this update with heavy hearts as we share the sad news of the passing of Donald L. Bailey, the visionary Founder, President, and CEO of Atlantis Gaming Corporation ("AGC"/"ATLANTIS"/OTC PINK: "ATIG"). Don passed away on August 1, 2024. His life's work was a testament to his foresight and dedication to AGC and the broader gaming industry. As we honor his memory, we remain committed to realizing his vision and moving forward with the initiatives he so passionately believed in.
Leadership Transition and Strategic Direction
In light of Donald’s passing, the Board of Directors has appointed me, Linda I. Bailey as Interim Chairman, President, and CEO of AGC. After consultation with our legal and strategic advisors, I have decided to allocate a portion of our family’s stock holdings in AGC to acquire real estate and other valuable assets for the company. This decision aligns with our strategy to enhance AGC’s balance sheet and position the company for growth, especially in the emerging Skill games sector of the market.
Strategic Partnerships and Asset Acquisitions
AGC has entered a strategic relationship with Strather Associates LLC and their partners, CG Properties LLC (Partners); they are long-time investors and major shareholders of AGC. This partnership is a pivotal step in fortifying our asset base and providing liquidity to
complete projects.
Real Estate transactions:
Statement from Herb Strather: “Since we are now into real estate and gaming, we are executing creative, Real- Life Monopoly moves; essentially, we’re bartering a billion shares for real estate deals. You might ask why would someone trade valuable real estate for a penny stock? Good question; as a Coach, Real Estate developer, & Gamer we see the opportunity to get AGC stock price north of $1.00 which being major shareholders benefits us tremendously”.
1. Lahser Six Associates LLC:
o Location: 22009 and 22125-22145 W. McNichols, Detroit, MI
o Transaction: AGC has acquired a 100% interest in this development, at a 10% Cap Rate, fully financed by Partners at $2.2M with a 90-day payment grace period to build up cash reserves. AGC issued 75 million shares at $0.0002 per share. This deal is expected to generate substantial operating capital and represents a win-win for both parties.
2. 11000 W. McNichols:
Description: A 55,000 sq. ft. modern office building in NW Detroit, currently 65% occupied with current lease commitments to reach 85% occupancy.
Acquisition Details: AGC is acquiring this property for $1.8M at an 8% cap rate, with a projected valuation of $2.6M upon full occupancy.
3. 2201 Lawndale:
Description: A 15-unit apartment building in SW Detroit.
Acquisition Strategy: AGC has a one-year option to acquire this asset at a cap rate greater than 10%, free & clear, by bartering 300 million shares.
4. 6442 Michigan Ave.:
o Properties: A 36-unit mixed-use development.
o Strategic Opportunity: These properties have been recently acquired by our partners and are available for AGC’s portfolio at a 10% Cap Rate.
Long-Term Goals
Our long-term goal is to position AGC as a significant player in Detroit’s real estate market, leveraging the city’s ongoing economic recovery. By exchanging blocks of AGC shares for ownership in selected real estate projects and partnering in joint ventures with our partners, we aim to enhance shareholder value and drive sustainable growth. This move is expected to give us long-awaited and needed cash to develop our initiatives.
AGC Gaming Initiatives
AGC remains committed to gaming. With a stronger balance sheet, we can successfully enter the skill gaming market, launch our Ask a Pro and capitalize on our approval from the National Indian Gaming Commission (NIGC) to connect Tribal Casinos across 28 states via a Virtual Private Network (VPN). This approach is a cornerstone of our strategy to enhance our earnings potential by diversifying into real estate with pros and investing in the future of gaming.
AGC has provided seed funding in a young, upcoming skilled gaming enterprise that has figured out the key to stopping credit card fraud which has been most challenging to the industry. The agreement is currently under a confidentiality agreement.
Outlook
With these strategic initiatives and partnerships, AGC is poised to address its cash flow challenges and significantly strengthen its balance sheet. We are confident that these efforts will drive our stock price towards our target of $0.10 per share by
December 31, 2024.
We thank you for your continued support and commitment to AGC. Please visit our website for more information concerning our acquisitions and gaming initiatives at: www.atlantisgamingcorporation.com.
I can also be reached via: lindab@atlantisgamingcorporation.com.
Warm regards,
Linda I. Bailey
Interim Chairman, President, and CEO
Atlantis Gaming Corporation (AGC)
$ATIG is getting ready to move!
New website. New CEO. New Management. New PR!
https://atlantisgamingcorporation.com/realestate/home.html
Atlantis Gaming Corporation's
Strategic Move into Real Estate
Q and A
Following an interim leadership change due to Atlantis Gaming Corp. (“AGC”) Chairman, President and CEO Don Bailey's health concerns, interim CEO Linda I. Bailey initiated and proposed to the AGC BOD a strategic plan to secure real estate investments with trusted, long-term AGC investors. This Q&A explains why AGC is swapping Eight hundred million of the one (1) billion AGC shares for about twenty million dollars ($20,000,000.00) in real estate assets. (AGC has set aside 200 million shares to trade for interest in Skill Gaming company)
Q: Why is AGC entering real estate transactions?
A: There are several reasons:
Solid Assets: Real estate provides AGC with solid assets, transforming it from a shell corporation.
Investor Contributions: AGC’s largest shareholders, real estate developers in southeastern Michigan, believe real estate can contribute $1M per year in earnings to AGC.
Cash Flow Generation: Real estate can generate cash flow and profits to support AGC's gaming initiatives, including future skill games.
Q: Will AGC become a Real Estate Investment Trust (REIT)?
A: No, AGC aims to generate at least $1M a year in asset growth, equivalent to earnings to support its stock price and future development. AGC will acquire assets by swapping shares.
Q: How can a few million in real estate deals generate $1M annually in earnings for AGC?
A: Earnings will come mainly from redevelopment, resale, or refinancing. For example, the 54 units Lahser 6 transaction involved a $2.2M note and 75 million AGC shares. With comparable real estate values at $65k per unit, the after-repair value is $3.5M, yielding a $1M profit for AGC upon resale or refinancing.
Q: Why don't the owners simply repair the building and extract the equity themselves?
A: The owners are deeply invested in AGC with over $1M and want to stabilize the company. The capitalization rate on real estate in a public company is about 5% compared to 8%-10% in the general market, making stock appreciation more profitable. Additionally, selling the property for depressed shares avoids capital gains taxes when the shares appreciate And mosyt importantly it’s a win win for all stakeholders.
Q: How likely is it that the stock will appreciate with this strategy?
A: While there are no guarantees, stock appreciation is driven by earnings and asset growth. With 15B outstanding shares, AGC needs $10M-$15M annually in asset growth or EBITDA to maintain a healthy stock price. Asset growth comes from exchanging stock for real estate Earnings will come from cash flow or EBITDA derived from the , plus annual earnings from asset appreciation, resale, or refinancing.
Q: What is the history of Lahser 6 apartments, the property AGC recently acquired?
A: The owners recently foreclosed and reacquired Lahser 6 after the previous buyer defaulted on a land contract. They transfered the building to AGC, for less than its value, and will personally hire management, improve the property and waived debt service for 90 days, thus providing the deal with working capital. The developers are committed to AGC on a long-term basis.
Q: What other joint ventures or real estate transactions are planned, and what will the 1 billion shares be swapped for?
A:
Lahser 6: 75M shares for a 54-unit apartment building at 22125-45 and 22009 W McNichols Rd, Detroit, MI.
2201 Lawndale: An option to trade 300M shares for a renovated 15-unit building to be held free and clear.
11000 W Nichols: Acquiring a 33k sq. ft. office building for a $2M note and 100M shares, with occupancy rising from 60% to 81%.
6442 Michigan Ave: An option to acquire a 36-unit building for 200M shares if the stock stabilizes at 1 cent.
Skill Gaming Company: 200M shares reserved for 20% of a new skill gaming company.
Additional Deals: 75M shares available for bartering deals.
Q: Where do the 1 billion shares for trading real estate come from?
A: The Bailey family is subordinating their shares to enable these transactions, including 3.5 billion shares to developers and 1 billion shares for trading purposes. The Bailey family will eventually be restored 1B shares, bringing the outstanding shares to 16B, and will be compensated at $0.0005 per share for 3.5 billion shares ($1,750,000).
For questions regarding real estate transactions, please contact hstrather@gmail.com.
I don't see anything new.
Atlantis Gaming Corporation's New Vision:
"Real-Life Monopoly"
Under the leadership of interim CEO Linda Bailey, Atlantis Gaming Corporation (AGC) has devised a winning strategy with several of its major partners to stabilize the Company by leveraging tens of millions of dollars in real estate assets. This approach will further support AGC's entry into the booming market of skill games.
AGC was ahead of its time with online gaming 15 years ago, and now faces stiff competition from giants like FanDuel, DraftKings and others. Despite having "Ask A Pro", a patented AGC feature, and the capability to connect poker rooms at American Indian and other casinos, these efforts alone may not generate enough revenue to significantly boost AGC's share price.
Accordingly, major shareholders, Strather and Grenadier ("SG"), who have invested over $1M into AGC over the years, proposed, and the AGC Board implemented, a conservative, diversified approach to bolster AGC stock by infusing AGC with real estate assets, ensuring stability and providing a foundation for future gaming ventures. Under this effort AGC currently owns 54 units in Detroit, including the Lasher 6 apartments at 22125-22145 and 22009 W. McNichols. The plan is to sell 22009 for $500K to generate and establish an improvement fund and operating reserves, with no debt service for 90 days to accumulate cash before mortgage payments.
This strategy resembles real-life Monopoly, i.e., investing millions in real estate within a penny stock company to stabilize and support AGC's gaming core. With substantial real estate holdings in Detroit, SG plans to close a dozen deals with AGC within 60 months, benefiting both parties. For instance, the Lasher 6 transaction sold for $2.215M with a $15,000.00 down payment in the form of 75M shares of AGC stock at $0.0002. Projecting this transaction to boost AGC shares to a penny, at a minimum, the down payment is projected to be worth $750,000.00, allowing long-term property owners to gain more upside in the transaction.
Ms. Bailey states, "Fantasy sports and the various sports gaming companies have captured a international audience, however, we believe the future lies in skill games. We have ensured AGC has the assets to generate supportive earnings by selling shares to SG for stability through real estate and skill gaming."
Strather believes skill gaming is the future, noting, "We love launching new initiatives." Strather and Grenadier, creators of Motor City Casino, which yielded a $160M profit, see skill gaming as legal in over 40 states and a successful model capturing players' imagination without fear of credit card fraud.
This diversified approach is expected to raise the share price. SG projects generating $1M to $1.5M annually through real estate deals, with Lahser 6 apartments alone expected to generate earnings exceeding $1M. Projected deals include 2201 Lawndale (a 15-unit building), 11000 W. McNichols (a 33,000 SF office building), and 6442 Michigan Ave. (a 36-unit mixed-use development).
Skill Based Gaming "There’s no denying it–mobile games are big business. Estimated to be worth $138 billion by 2025, mobile gaming is the preferred gambling avenue among post-baby boomer generations. While brick-and-mortar casinos are still raking in an impressive amount–$45 billion in 2021–it’s clear that mobile gaming is the gambling industry of the future"
Did not realize skill gaming is this big!!
https://www.incognia.com/the-authentication-reference/what-are-skill-based-games-and-what-is-their-risk-of-gaming-fraud
Heard PR is supposed to be out soon
Note changes on AGC website
Looks like Herb Strather is running the show now from Detroit. Heard AGC will be involved in real estate and possibly a start up in some kind of gaming. Heard news will be out within a couple of weeks.
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Sports betting software and trading services provider Amelco has lauded the signing of a “key tribal casino deal” that will see the firm produce sportsbooks for 450 properties in 28 US states.
Undertaken through a link-up with Atlantis Gaming Corporation, the agreement will create a turnkey solution for sportsbook operations across retail, mobile, online and self-service sports wagering channels, pursuant to Tribal Gaming Network’s approval to operate across its jurisdictions.
Also hailed “a historic first,” the deal will be one of the first in the US to see AGC’s Pro Football Hall of Fame partnership powered by Amelco’s technology to offer regulated betting for the first time.
AGC’s Pro Football Hall of Fame partnership features its ‘Ask-a-Pro’ format, allowing customers to obtain advice from some of the greatest players and coaches from the sport, in a bid to enable customers to place more informed bets than ever before.
Donald Bailey, president and CEO of Atlantis Gaming, commented: “We’re proud to add leading sportsbook provider Amelco to our Tribal Gaming Network team. As the sportsbook supplier to some of the biggest names in gaming, they’re perfectly matched to utilise one of the most iconic brands in US football, the Pro Football Hall of Fame.
“I am confident that with their market-leading tech and the power of our brand, we’re set to revolutionise the way sports betting is delivered across the gaming and sports communities.”
The partnership marks the latest in Amelco’s ambitious development roadmap which is leading to an increased presence across the US, following regulatory approval from multiple states, as well as partnering with Sportradar in Indiana.
Commenting on the partnership, Leon Wynne, Amelco COO, said: “We’re delighted to announce our partnership with AGC in what we see as a very exciting opportunity to continue revolutionising the US’ approach to sports betting.
“With approval to operate across tribal jurisdictions in 28 states, as well as the combination of AGC’s Hall of Fame brand and our technology, I am sure we have the makings for a powerful synergy between us both.”
In total, Amelco’s US-facing sports wagering platform is now live in three US states, including New Jersey via its partnership with the Stars Group, and will be supporting a host of launches across multiple US states as further regulation permits.
BetConstruct, in partnership with Atlantis Gaming Corporation, has entered into a relationship with the Pro Football Hall of Fame.
While a formal announcement has yet to be issued, the three entities have agreed in concept on the launch of a premium fantasy sports experience in the United States market.
BetConstruct applied a deep understanding of players’ needs to develop a fully customisable fantasy sports software with reliable fantasy data and marketing guidance to 40-plus partners around the world.
The Pro Football Hall of Fame, as one of the most recognized organisations in sports, is examining how the use of its brand can bring an instant fan base to jump start the new Fantasy Sports Platform.
Hall of Fame President & CEO David Baker said: “The Pro Football Hall of Fame is pleased to be exploring how a partnership in the gaming industry can support its important mission to Honor the Heroes of the Game, Preserve its History, Promote its Values and Celebrate Excellence everywhere.”
Jonathan Aiwazian, BetConstruct Head of US Operations, added:“We are thrilled to provide our fantasy sports technology for this exciting venture with the Pro Football Hall of Fame and the Tribal Gaming Network.
“Through BetConstruct’s world-class fantasy sports platform, the leverage of the Tribal Gaming Network, and the trusted brand of the Pro Football Hall of Fame, this partnership will deliver a truly exceptional fantasy sports experience to players.”
Donald L. Bailey President & CEO of Atlantis Gaming Corporation, said: “Atlantis Gaming is proud to introduce this exciting Daily Fantasy Sports product nationwide in states that offer legal Daily Fantasy Sports via our Tribal Gaming Network.”
https://sbcamericas.com/2019/03/28/betconstruct-and-atlantis-partner-with-pro-football-hall-of-fame/
CEO Summarizes 2021 achievements and updates shareholders on initiatives for 2022
LAS VEGAS, March 01, 2022--(BUSINESS WIRE)--Atlantis Gaming Corporation (OTC PINK: ATIG), ("AGC" or "The Company"), a company specializing in the development of casino and sports betting games, casino management, slot machine software and land-based casino development, today issues a letter to shareholders.
Dear Fellow Shareholders,
The past year has been transformative for AGC. We have accomplished important milestones which are necessary for executing on our corporate strategy. As we transition from 2021, I want to take a moment to summarize these accomplishments and announce our initiatives for 2022 to increase shareholder value and continue executing on our strategy.
2021 Accomplishments:
Regained Pink-current status with OTC Markets
Renamed "Atlantis Internet Group" to "Atlantis Gaming Corporation"
Announced a strategic initiative to merge the assets of Atlantis Gaming Corporation Delaware and Atlantis & Partners LLC into Atlantis Gaming Corporation Nevada (ATIG). Those assets include the Kenner Laketown Project and the Ask-a-Pro version of the Pro Football Hall of Fame Fantasy Sports
Atlantis & Partners LLC signed a Cooperative Endeavor Agreement with The City of Kenner and obtained the rights to a ninety-nine (99) year lease to develop the Laketown project, a world-class music and sports-themed resort destination including condos, shopping and an amphitheater on 40 waterfront acres on Lake Pontchartrain
NFL Hall of Famer Warren Moon joined our Board of Directors
Director Roy Jones Jr was announced as an Inductee for Class of 2022 into the International Boxing Hall of Fame
2022 Strategic Initiatives:
Finalize the merger of Atlantis Gaming Corporation Delaware and Atlantis & Partners LLC into Atlantis Gaming Corporation Nevada - Q2, 2022
Submit application for Sports Book license in the state of Louisiana - Q2, 2022
Launch Daily Fantasy Sports - Q2, 2022
Strategic iGaming and Sports Betting technology investments and partnerships - Q2, 2022
Break ground on our Laketown Project - Q2, 2022
We will keep you updated on our progress through official press releases. Thank you for being an AGC shareholder. We wish you and yours a healthy and prosperous 2022.
Sincerely,
Donald L. Bailey, Chief Executive Officer
About Atlantis Gaming Corporation:
Atlantis Internet Group (ATIG.PK) is a public Nevada corporation specializing in the development of casino games, casino management, slot machine software and land-based casino development. Our business objective is to create the first public gaming and entertainment corporation that offers musical products and sports related themes in the development of online gaming products, slot products and casinos. The Corporation offers a variety of gaming products from online casino games, casino management software, central server systems & slot machine software both to a United States and International gaming market. Our Corporation's management utilizes the experience of gaming executives from traditional land-based casinos. For more information, visit www.atlantisgamingcorporation.com
Laketown has long been a gleam in the eye of city leaders, who hoped to turn the city's public Lake Pontchartrain frontage into something that lures visitors and generates funds for the sales-tax dependent suburb. The first big step happened when the Treasure Chest opened, amid sometimes fierce community resistance, as one of the first casinos in the metro area. When it opened, it joined the nearby Pontchartrain Center, built just a few years earlier, as a new breed of attractions in Kenner. But further development has proved elusive.
But in 2018, the state passed a law giving riverboat casino operators a path to move onto land, which cleared the way for the Treasure Chest's move. Last year, the Kenner City Council approved a new lease that allowed the casino's move from its current site to what is now the casino's parking lot.
The new, $95 million casino will be bigger and glitzier, according to officials with Boyd Gaming, the company that owns the casino. There are plans for a steakhouse, a sports bar and a sportsbook and the casino will have as twice as much gambling space. Officials expect it to open in late 2023.
For the first time, however, the Treasure Chest might not be alone in attempting to lure gamblers, diners and others to the end of Williams Boulevard.
Atlantis Gaming, also based in Las Vegas, announced plans during a sports celebrity-studded news conference last June for a new "total destination resort" at Laketown. That project, which was pitched as a $450 million, 40-acre development, could have some of its amenities open by the time the dice start flying at the new Treasure Chest, Atlantis CEO Donald Bailey said this week.
The Atlantis project includes shops, condominiums, dining options and, possibly, gambling. The company plans to apply for sportsbook and daily fantasy licenses from the state, Bailey said.
Atlantis said much of its development will be on massive barges moored in the water at Laketown. In order to get permission to put the barges there, the company must first negotiate a long-term lease with the state. Those negotiations have been slowed by the pandemic, but Bailey said a resolution appears close.
"I would think the next month for sure," he said.
Bailey said the company has done some engineering work and surveying at the site. Utility work could begin later this year.
Atlantis officials met with their counterparts from Boyd and the two companies are hopeful that the projects will complement each other.
"We are committed to the Kenner community and are supportive of any effort that will bring new investment and visitation to the area," Boyd spokesperson David Strow said in a statement. "We think the Laketown area has a bright future as a tourist destination, and we look forward to seeing others join us in making that vision a reality."
City officials certainly think the two can work together. And if the grands plans come to fruition, it will mark Laketown's biggest transformation since the Treasure Chest's opening.
"It's like the perfect neighbors," said Candace Watkins, the city of Kenner's economic development director. With the Treasure Chest getting completely rebuilt and Atlantis' shiny new center, Laketown could lure people from across the region, but also those who might otherwise only stop in Kenner on their way to Louis Armstrong International Airport.
"I think it's going to develop some new markets," she said. "These are exciting things."
Kenner City Council member Kristi McKinney said the new developments could "create a sense of place" for the Laketown area.
"It would be something that would be a milestone project that would change the trajectory of Kenner as a suburban community," she said.
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