Recall from SH letter
Merger is done
I am pleased to report that our Board of Directors
(“BOD”) authorized, and we were able to finalize, the merger of Atlantis Gaming
Corporation (Delaware) with Atlantis Gaming Corporation (Nevada), and, also,
further our development of Atlantis & Partners, LLC (“A&P, LLC”) as our wholly
owned development unit. Atlantis Internet Group, Inc. (“ATIG”), has been
formally dissolved and all shareholders of ATIG have been formerly rolled into
Atlantis Gaming Corporation (“AGC”).
Gaming License
AGC secured an application for a DFS and sportsbook license in the state of
Louisiana, which recently perfected its regulatory infrastructure and application
process. Our application should be reviewed for approval by the end of Q2 2023.
In conjunction with the Louisiana application process, we are reviewing other
potential states to operate also. We are projecting our official launch of our
Ultimate Daily Fantasy Sports, sportsbook, and various gaming products by the
end of Q2 2023.
Launch
BetConstruct and Scout are currently working with our staff to solidify an
appropriate jurisdiction for beta testing of our product prior to designating a
certified launch date. Beta testing should take approximately sixty (60) to ninety
(90) days and consist of actual operation of our platform.
Stock Split
Moreover, our BOD authorized a reverse common stock split of FIFTY (50)
SHARES to ONE (1) reverse stock split, in 2022, to form a smaller number of
proportionally more valuable common shares of AGC stock, and to enhance a
potential move of AGC stock from the OTC Pink Sheets to the OTCQB.
