Las Vegas-based iGaming company Atlantis Gaming is gearing up to launch the first federally-approved online betting and daily fantasy sports platform in the United States.
In a statement, the company said it has received approval from two federal agencies for its refinements of online gaming, and is planning the first initial public offering (IPO) of a legal daily fantasy sports company in early 2017.
Founder and CEO Donald Bailey said Atlantic Gaming “offers a federally approved, completely legal internet gaming and DFS platform.”
“We are currently the only legal internet platform for daily fantasy sports, online poker and most other casino games,” Bailey said. “Many large funding groups and professional sports organizations (e.g., NFL, NBA, MLB, NHL, club owners, and even ESPN) 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.”
The AGC federal approval allows the company to operate in 28 states as well as international centers around an approved networking platform capable of providing games from multiple manufactures who have been unable to obtain federal consent to operate their own platforms.
“Our platform is truly the first legal multi-vendor platform in the industry. We entered into an exclusive license agreement with a publicly-traded (over the counter market company), Atlantis Internet Group Corp. that I guided through the federal approval process for both its Casino Gateway Network aka Tribal Gaming Network,” Bailey said.
Atlantic Gaming can also offer online gaming vendors and DFS companies the opportunity to operate on a legal gaming network in Tribal casinos, social media, and sports bars in the United States. Additionally, the company also allows tribal casinos on the Tribal Gaming Network the ability to accept international bets from legal gaming jurisdictions based on their sovereign status, another first for tribal casinos in the country.