Atlantis Gaming Corporation's Strategic Transformation: A Diversification Approach

Atlantis Gaming Corporation (AGC) is undergoing a strategic realignment under Interim President and CEO Linda Bailey. Following the recent passing of Founder and CEO Donald L. Bailey, the company aims to stabilize and secure future success.

AGC's diversified strategy focuses on fortifying its balance sheet and seizing opportunities in real estate and skill-based gaming sectors. It has partnered with key shareholders to exchange 1 billion shares for real estate equities over a five-year joint venture. The first acquisition under this venture is the Lasher Six apartment buildings in NW Detroit. Additional transactions are under negotiation.

In the skill-based gaming sector, AGC is investing in a startup to leverage its growing popularity while mitigating risks such as credit card fraud. This approach is expected to positively impact AGC's share price and financial performance, generating $1M to $1.5M in annual revenue from real estate ventures alone.

Linda Bailey expressed excitement about entering the real estate market and diversifying AGC's revenue streams. This transformation aims at strengthening the company’s position and increasing shareholder value through a cautious yet forward-looking strategy.