Atlantis Internet Group Corp. (GM) (USOTC:ATIG)
Historical Stock Chart
3 Years : From Mar 2011 to Mar 2014
Atlantis Internet Group Corp. (PINKSHEETS: ATIG), a Nevada-based gaming innovator, made history today with its announced launch of the first form of legal Intranet gaming within the United States. The historic launch is commemorated by the signing of agreements officially connecting the first two Native American Tribal Casinos in the company's Tribal Gaming Network. The first two charter member casinos to sign were Coushatta Indian Casino in Louisiana and Coyote Valley Casino in California. Tribes nationwide are realizing this is an advantage to be first to capture the online gaming market in the U.S. which creates new gaming revenues and exciting online entertainment.
ATIG's Tribal Gaming Network was established in 2009 when the company was granted an opinion by the National Indian Gaming Commission (NIGC) to operate its Virtual Private Network (VPN) in Indian Casinos nationwide. In addition, ATIG has brought together some of the world's most prominent gaming vendors to offer Class III, Class II and online games on its proprietary Private Gaming Network to link together Indian Casinos from 28 States. This first of its kind multi-game platform offers products from major gaming vendors on one machine including Table Games, Slots, Simulated Horse Racing, Nationwide Poker, Simulated Sportsbook, Live Online Dealer Games, and featuring only the second Powerball-like Lotto product.
Since April of last year when most big name online poker companies were shut down by the United States Department of Justice (DOJ), ATIG's Tribal Gaming Network Poker remained as the only legal nationwide online poker for live cash allowed on Indian lands in the U.S. Since that time the DOJ has softened its position stating that the Wire Act only applies to Sportsbook, leading many to speculate that major U.S. Internet gaming legislation may be coming. In the past the U.S. was considered to represent approximately 60% of the worldwide Internet gaming market.
Commercial casino companies as well as Native American Tribal Casinos have begun to focus on this marketplace by offering "play-for-fun" sites. ATIG President and CEO Donald L. Bailey said, "We have a huge leg up on the competition, having mastered play-for-fun marketing sites since 2003. Now, based on the NIGC opinion, to date ATIG is the only gaming company that can legally offer online linking games other than bingo, nationwide for live cash, such as poker and progressive jackpots. This is a new technology that has never been offered in the gaming Industry before today. ATIG's gaming platform works within the casinos on Slots, Kiosks, on Android mobile phones and Samsung Tablets and some of our games play on iPhones. It's the next generation of server-based technology; in short, it's a casino within a casino."
About Atlantis Internet Group Corp.
Atlantis Internet Group Corp. is a public Nevada Gaming corporation specializing in the development of casino games, casino management software, slot machine software, gaming networks and land-based casino development. For more information: http://www.atlantisinternetgroup.com
Forward Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
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