MGT Capital Investments Analyst Coverage Continued: Brief Report by Small Cap IR
NEW YORK, Oct. 1, 2014 /PRNewswire/ -- Analyst Brief Report by Small Cap IR. MGT Capital Investments, Inc. (NYSEMKT: MGT) together with its subsidiaries, is engaged in acquiring, developing, and monetizing assets in the casino, online, and mobile gaming space. It operates through four segments: Medicsight Software/Devices, Medicsight Services, Gaming, and Intellectual Property. The company develops and publishes mobile games for tablets and smartphones; operates fanthrowdown.com, a daily fantasy sports Website that offers players to participate in real money daily fantasy gameplay for the NFL, MLB, NCAA, NHL, NBA, and professional golf; and develops and produces free to play mobile and social casino–style games. It also owns the United States patents related to casino gaming systems. The company has strategic alliance agreements with M2P Entertainment GmbH; M2P Americas, Inc.; and MGT Studios, Inc. to market and exploit M2P Entertainment GmbH's gaming technology in North and South America.
Developments during the 2nd quarter and recent weeks subsequent to quarter end are as follows:
- Acquired www.DraftDay.com and MGT has become the number 3 participant (based on player activity, guaranteed contest sizes, and similar metrics) in the rapidly growing daily fantasy sports industry.
- Officially launched www.mgtplay.com, a proprietary real money skill-based gaming website.
- Strategically decided to focus resources and litigation efforts against Aruze Gaming in patent assertion efforts and have dismissed lawsuits against WMS Gaming Inc. In addition, MGT and WMS filed a joint motion to terminate the Inter Partes Review (IPR) with the United States Patent Trial and Appeal Board.
A brief analyst report which includes a technical chart analysis, an overview of the company, analyst comments and disclaimer can be viewed in its entirety by using the link below. There is no cost obligation required to view this report:
http://bit.ly/-MGT-AnalystBrief
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