MGT And Vivid Celebrate The Launch Of Daily Fantasy Sports Site VividBetSports.com With Party At Vivid Cabaret NYC On Saturday, January 31st

Adult Super Star and Vivid Radio Personality Ash Hollywood Will Host Party at Manhattan Hot Spot on the Big Game Weekend

News provided by

Vivid Entertainment

Jan 28, 2015, 06:42 ET

NEW YORK, Jan. 28, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) and Vivid Entertainment, are pleased to announce the launch of VividBetSports.com. To celebrate, Vivid and MGT will hold a party hosted by adult superstar and Vivid Radio personality, Ash Hollywood, who will also perform. The party will be held Saturday, January 31^st starting at 9:00 pm, at Vivid Cabaret NYC, the premier gentlemen's club, 61 West 37^th Street in Midtown Manhattan.

Vivid, the leading adult entertainment company, and MGT Sports, owner of the third largest daily fantasy sports wagering platform, DraftDay.com, have joined forces to create VividBetSports.com. The partnership is a marriage between one of the fastest growing internet business segments and one of the largest sources of unique online traffic.

"We expect the player growth from Vivid's extensive reach to benefit our entire daily fantasy sports network, with even more games and larger prizes," stated Robert Ladd, Chief Executive Officer of MGT.

"The Big Game weekend party will be a great way to launch our new fantasy sports gaming site – combining guys' love of beautiful women and sports," said Bill Asher, Co-Chairman of Vivid Entertainment.

The service rolls out today featuring a free-to-play version, with the real money version going live in mid-February. New players are encouraged to sign up quickly for the "Big Game Giveaway" on Sunday, offering historic football memorabilia and other great prizes. For more information visit https://vivid.egnyte.com/fl/CDZjNpEUNE#folder-link/.

Ash Hollywood is one of the most popular stars in the XXX industry, in addition to hosting one of the top-rated shows on Vivid Radio. The party marks Ash's return appearance to Vivid Cabaret NYC, the club she helped launch in 2013.

Located at 61 West 37^th Street, just off Sixth Avenue, Vivid Cabaret NYC is a favorite spot for celebrities and pro athletes, known for its luxurious setting and warm hospitality. Vivid Cabaret is the sister club of the world famous Rick's Cabaret NYC, located just four blocks away on West 33^rd Street. To contact the club, call (212) 391-2702.

About MGT Capital Investments, Inc.

MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform, www.DraftDay.com. The Company also offers games of skill through www.MGTplay.com and social casino games with SlotChamp™, and also operates an online portal for fantasy sports news and commentary, www.FantasySportsLive.com. MGT also launched Daily Fantasy Legend in partnership with Facebook to become the First Daily Fantasy Platform on Social Media. In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

About VIVID Entertainment, LLC.

Founded in 1984, vertically integrated Vivid Entertainment, known as the leading source for quality adult film entertainment, has created wide brand-name awareness through its films, innovative marketing and licensing programs. Vivid-branded products range from condoms to vodka to apparel to gentlemen's clubs. Vivid's movies are seen online, in DVD, VOD and on VividTV worldwide. Its Vivid-Celeb imprint made "celebrity sex tape" a household word and helped launch the Kardashian phenomenon in the process. Vivid is the most awarded studio in the history of the industry. Vivid Radio—Vivid's 24/7 radio channel—is available on vividradio.com on the SiriusXM app. For more on Vivid visit twitter.com/VividCorp or facebook.com/Vivid.

Forward-looking Statements
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

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SOURCE Vivid Entertainment