profiteer11
2 months ago
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
profiteer11
3 months ago
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.
profiteer11
3 months ago
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)
profiteer11
3 months ago
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.
profiteer11
4 months ago
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).
Level up your trading with our powerful tools and real-time insights all in one place.
Ask ADVFN Intelligence (AI)
Penny2Dime
3 months ago
Hot Features
Premium
