Atlantis Gaming (OTC PINK:ATIG) has achieved its first-ever profit of $10,616 within 90 days of acquiring Lahser 6 Apartments in Detroit. This milestone follows AGC's strategic acquisition of the 54-unit property through an equity swap of 75M shares for 100% equity, unlocking over $1 million in developable equity.
AGC plans to expand its real estate portfolio with 1-2 additional assets by year-end. The company has already fully leased 42 units of Lahser 6 Apartments and listed its 22009 W. McNichols property for $400,000 to generate liquidity. AGC's leadership projects an increase in share value from its current price to between $0.02 and $0.10 over the next year.
The company is also exploring opportunities in gaming-related real estate ventures and STEAM Centers, focusing on both financial returns and social impact in urban communities.
Atlantis Gaming (OTC PINK:ATIG) is embarking on a unique expansion into real estate with a 'Real-Life Monopoly' strategy, led by real estate expert Herb Strather. AGC has acquired the Lahser 6 Apartments (54 units) in Detroit for $2.2 million and a 55,000 SF modern office building on W. McNichols Rd for $1.8 million. Both transactions are conducted via a 100% stock swap, reflecting AGC's innovative asset acquisition approach.
Acting CEO Linda I. Bailey emphasized the alignment of these acquisitions with AGC's diversification strategy. Detroit's recovery has created a ripe investment environment, supporting AGC's real estate ventures.
The leadership team, with a strong gaming and real estate background, plans to integrate gaming promotions with state lotteries and launch a skill-gaming operator within six months. The company aims to complete $100 million in real estate transactions in the next 60 months, targeting over $2 million profit from the recently announced acquisitions.
Atlantis Gaming Corporation (OTC PINK: ATIG) reviews its 2021 accomplishments and outlines strategic initiatives for 2022. Key milestones included regaining Pink-current status with OTC Markets, renaming to Atlantis Gaming Corporation, and announcing a merger of assets with Atlantis & Partners LLC, which includes the Kenner Laketown Project. Upcoming initiatives include sports book license applications and launching daily fantasy sports.