Atlantis Gaming Corporation plans to launch IPO

Atlantis Gaming Corporation (AGC), the company that is set to launch the first federally-approved online betting and daily fantasy sports (DFS) platform in the US, is planning to float on the stock market.

The firm, which is based in Las Vegas, Nevada, has secured approval from two federal agencies for its refinements of online gaming, and hopes to launch the initial public offering (IPO) in the early part of next year.

AGC can operate in 28 states across the US, catering its service around an approved networking platform that can provide games from a number of manufacturers that have been unable to obtain federal consent to operate their own platforms.

The company can also offer online gaming brands and DFS companies the chance to operate on a legal gaming network in tribal casinos, social media, and sports bars in the US.

Donald Bailey, founder and chief executive of AGC, said: “Many large funding groups and professional sports organisations invested in DFS based on an extremely lucrative market.

“However, amid the turmoil of the two leading DFS companies, ESPN pulled out of the legally-challenged DFS companies and to date, those companies have remained private.

“AGC, however, offers a federally-approved, completely legal internet gaming and DFS platform that should assure investors piece of mind while on site, and as this industry grows within the US.”

Related article: New York Gaming Commission faces legal action over DFS