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).

 

 

 

 

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.

 

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).

 

 

 

 

 

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