Atlantis Gaming Corporation's Strategic Transformation:

A Diversification Approach

 

Detroit, MI – August 13, 2024 – Atlantis Gaming Corporation (“AGC”/”ATLANTIS”/OTC PINK: “ATIG”)  Following the recent passing of AGC's Founder and CEO, Donald L. Bailey, Interim President and CEO Linda Bailey is leading a bold strategic realignment aimed at stabilizing the company and positioning it for future success.

 

Strategic Overview:

AGC is implementing a diversified strategy focused on fortifying its balance sheet and capitalizing on emerging growth opportunities in the real estate and skill-based gaming sectors.

 

• Strategic Partnership: AGC is partnering with major shareholders to exchange 1 billion shares for real estate equities over a 5-year joint venture. This will significantly strengthen the company's asset base and provide a solid foundation for future initiatives.
• Real Estate Initiatives: AGC has successfully completed its first real estate transaction under the joint venture. It acquired the Lasher Six apartment buildings in NW Detroit, a burgeoning real estate market. Further transactions are under negotiation and details can be found on AGC's website at www.atlantisgamingcorporation.com.
• Skill-Based Gaming: AGC is strategically investing in a skill-based gaming startup to capitalize on the growing popularity of this gaming segment while mitigating risks such as credit card fraud.

 

Financial Outlook:

This diversified approach is projected to have a positive impact on AGC's share price and financial performance. Real estate ventures are anticipated to generate $1M to $1.5M in annual revenue, with the Lasher Six apartments alone expected to generate $1M.

 

 

 

 

 

 

 

 

 

 

Leadership Perspective:

"AGC is excited about our entry into the real estate market, which will allow us to capitalize on the growing popularity of skill-based gaming while diversifying our revenue streams," stated Mrs. Bailey.

 

Conclusion:

AGC's strategic transformation represents a proactive and diversified approach to growth. By strengthening its balance sheet through real estate investments and positioning itself at the forefront of the skill-based gaming industry, AGC is poised for future success and increased shareholder value.

 

 

For more information contact:

 

Linda I. Bailey

lindab@atlantisgamingcorporation.com

PH: 702.818.1052

 

 

 

Herbert J. Strather

herberts@atlantisgamingcorporation.com

PH: 313.444.9691

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Atlantis Gaming Corporation Acquires $2.2M

Real Estate in Detroit

 

Detroit, MI – June 18, 2024 – Atlantis Gaming Corporation (“AGC”/”ATLANTIS”/OTC PINK: “ATIG”), is thrilled to announce the successful acquisition of the Lahser 6 Apartments, a 54-unit building located at 22009 and 22125-45 W. McNichols Rd., Detroit, MI. This $2.2 million transaction was completed through a strategic stock swap for equity.

 

This acquisition represents a pivotal move under the leadership of Acting CEO, Linda I. Bailey, who serves on an interim basis as Chairman, President and CEO Donald L. Bailey’ addresses certain health issues. Mrs. Bailey stated, “With over two decades of executive operating experience with the Atlantis Companies, I am committed to carrying out the AGC Board’s vision by leveraging our resources to drive financial growth. This real estate acquisition aligns with our strategy to diversify and enhance our asset portfolio.”

 

The first transaction involved trading AGC stock for real estate assets owned by the Grenadier Family, who hold extensive properties in southeast Michigan along with Strather Associates, their real estate broker.

 

Detroit’s resurgence as a top investment destination has attracted global interest. The City’s recovery from the largest municipal bankruptcy in history has resulted in investment-grade credit and heightened investor confidence.

 

 

 

 

 

The Developers also boast a successful track record of promotions with state lotteries including Minnesota, Washington DC, and Michigan. Atlantis, utilizing its gaming platforms and expertise, plans to leverage this joint venture to expand into scratch-off tickets and promotions with state and provincial lotteries, utilizing retired athletes, musicians and celebrities’ likenesses in a strategic marketing program.

The Parties to the transaction highlighted the synergy of the partnership, combining the strengths of real estate developers and gamers. The group aims to execute $100 Million in real estate transactions over the next 60 months, with deals in the pipeline; along with new gaming initiatives.

Atlantis’s focus on real estate acquisitions will ensure stability and cash flow while exploring new gaming opportunities, marking an exciting new chapter for the Company.

For more information, contact:

 

Linda I. Bailey

lindab@atlantisgamingcorporation.com

PH: 702.818.1052

 

Herb Strather

herberts@atlantisgamingcorporation.com

PH: 313.878.2365